Malaysia: Kuala Lumpur and the Klang Valley, Penang, Johor and Iskandar, listed developers and the REIT market.
PETALING JAYA (Sept 10): The ongoing review of the Strata Management Act (SMA) 2013 is considering replacing the existing share-unit system used to determine maintenance charges and voting rights, as the government looks to address growing complexities in strata management. However, the proposal is still being refined and is not a confirmed amendment to the Act, according to National Housing Department senior assistant director of the strata management division Maizatul Izzah Mohd Shamsudin. She stressed that the amendments are still being assessed and are not ready to be tabled in Parliament, as the findings still need to be developed into provisions that are legally coherent and workable.
The sixth International Green Build Conference opened in Kuala Lumpur with a call to treat green-building certification as progress evidence rather than the finish line. Expo City Dubai's executive director urged cities to focus on creating resilience, biodiversity and human connection, not just cut
The Insolvency Practitioners Association of Malaysia urges all stakeholders to contribute financially to revive abandoned projects. Speaking at a Rehda Institute conference, iPAM president Victor Saw Seng Kee stressed the need for cooperation among developers, banks and regulators.
Battersea Power Station Development Co and contractor Sisk have started construction on Prospect Place South, a phase delivering about 300 homes within the London regeneration project. Completion is expected in 2030. The Malaysian consortium that acquired the site in 2012 attended the groundbreaking
JKG Land Bhd has launched AOSIS Mont Kiara, a freehold residential development along Jalan Kiara 5, scheduled for completion by 31 Jul 2030. The single 40-storey tower offers 236 residences and eight penthouses, with unit sizes from 1,648 to 2,279 sq ft. Prices start at RM1,707,200.
SevenCo Sdn Bhd has launched Sevora Residence, a freehold condominium in Bukit Mertajam, Penang. Prices range from RM430,000 to RM489,200 for units of 950 to 1,374 sq ft, with 420 units in a single 33-storey block on a 3.45-acre site.
Grocery chain Village Grocer will open a standalone outlet at Mah Sing Group's M Legasi freehold township in Semenyih by end-2029. The 19,000 sq ft store with 80 parking bays will serve as anchor tenant for the 500-acre development, which will have over 3,200 residents by then.
A double-storey terrace house at Taman Gasing Indah, Petaling Jaya, has been sold for RM850,000 after just two days on the market. The freehold unit was priced about RM200,000 below market, and the buyers were attracted by its fully refurbished condition and prime location.
Setting a high selling price may lower a developer's chance of securing financing for its projects, according to OCBC Bank Malaysia. The warning was delivered at the Rehda Institute conference on Sept 8-9, where lenders also flagged concerns over breakeven levels above 85 per cent and stretched deve
Penang Development Corporation is inviting proposals for a 15.81-acre commercial site along Jalan Batu Kawan in Seberang Perai Selatan. The 688,527 sq ft parcel carries a reserve price of RM75 psf, implying a minimum value of about RM51.64 million.
IOI Properties Group has received SC approval for its proposed REIT manager’s fund-management licence and executed the trust deed. The move paves the way for the listing of IOIPG Malaysia Real Estate Investment Trust, which will hold nine properties valued at RM7.58 billion.
EI Power Bhd has agreed to acquire a freehold factory in Glenmarie, Shah Alam, for RM17.2 million to establish a permanent headquarters and warehouse. The acquisition will be funded largely by IPO proceeds, with the property housing a rooftop tenancy generating RM6,000 monthly rental income.
The Malaysian Anti-Corruption Commission says no Johor state executive councillor, officer or agency is linked to its probe into alleged corruption involving housing lot applications at Felda Tenggaroh 2. The chairman of the 2nd Generation Housing Site Action Committee was detained on Sept 7 over al
Scientex Bhd posted a 29.5% rise in net profit to RM199.92 million for the fourth quarter ended July 31, 2026, lifted by stronger performance from both its property and packaging divisions. Revenue grew 17.7% to RM1.40 billion, and the group recommended a final dividend of six sen per share for FY20
Hektar Real Estate Investment Trust (KL:HEKTAR) has appointed Datuk Seri Jamil Bidin, 69, as chairman effective immediately, filling a vacancy left since 2023. Jamil brings experience from senior roles at Putera Capital Bhd, KUB Malaysia Bhd and Halal Industry Development Corp.
Crescendo Corp Bhd has received the balance purchase price and late-payment interest for a RM263.21 million Johor land sale to MSFusion Sdn Bhd, intended for a data centre. The payment was made on 9 Sept 2026, following a default notice issued in August.
Singapore-listed Centurion Corp has agreed to buy a 7,974-bed purpose-built worker accommodation in Pasir Gudang, Johor for RM214.5 million. The deal will be the group's largest such asset in Malaysia and increase its Malaysian bed capacity by 22% to 43,980 beds.
An office unit at MOF Inc Tower in Kuala Lumpur has been rented for RM80,130 per month, reflecting RM7.10 psf. The tenant was attracted by the fully furnished fit-out and the layout, which allowed immediate occupancy.
TRC Synergy Bhd's wholly-owned subsidiary TRC Construction Sdn Bhd has accepted a RM149.98 million subcontract from Gamuda Engineering Sdn Bhd for underground services works at a hyperscale data centre. The contract commenced on 14 Aug 2026 and is scheduled for completion by 25 Nov 2026.
Paramount Corp Bhd has signed six land sale and purchase agreements with a combined potential gross development value of RM4 billion. Two acquisitions covering 387 acres have been completed, while four others are pending completion.
Kwasa Land is looking for an operator for a five-acre hospital plot within the 2,255-acre Kwasa Damansara township in Selangor, which is expected to house 100,000 residents by 2050. The township is planned for 27,335 residential units, including 11,200 affordable homes, as it enters its next develop
NCT Alliance Bhd has started handing over vacant possession for the first phase of its NCT Smart Industrial Park in South Selangor, and launched the 241-unit KM2 component of Phase 2. Phase 1 comprises 280 solar-equipped industrial units with nearly 90% take-up, making NSIP the first development und
Sime Darby Property Bhd has unveiled Prestige Collection 1, its first ready-built semi-detached factories at BBR Business Park in Bandar Bukit Raja, Selangor. The 5,040 sq ft units were launched at the Bandar Bukit Raja Industrial & Commercial Connect 2026 event, where the developer also previewed Q
YNH Property Berhad is launching Residensi Bangsar South, a freehold condominium with 374 units in Kuala Lumpur's Bangsar South precinct. The low-density project offers layouts exceeding 1,800 sq ft and is positioned as a family-oriented alternative to larger high-rises in the area.
Plytec Holding Bhd has applied for banking facilities of up to RM7.52 million to partly fund its RM6.21 million purchase of a 4.83-acre freehold site in Kuala Langat and an estimated RM2.15 million land conversion premium. The application remains pending as of Sept 7, with the group expecting to fin
Magma Kiara Sdn Bhd has launched WOLO Mont Kiara, a 60-storey hospitality-led mixed-use tower along Persiaran Dutamas. The project comprises 378 branded private residences, 98 serviced suites, a 63-room boutique hotel affiliated with Design Hotels under Marriott Bonvoy, and five retail lots.
Regalton KLCC is a new 65-storey serviced residence development along Persiaran KLCC, featuring two towers with 850 units from 698 sq ft to 4,235 sq ft. Indicative prices start at RM977,200 and reach up to RM9.467 million for larger units.
LBS Bina Group has signed a tenancy agreement with Mydin Mohamed Holdings for a supermarket at KITA @ Cybersouth in Dengkil, Selangor. The MYDIN outlet will occupy about 1.37 acres with a 24,000 sq ft built-up area, becoming the township's first supermarket.
Malaysia's Housing and Local Government Ministry has urged prospective homebuyers to verify developers and housing projects via the TEDUH portal before committing to a purchase. The portal, which has recorded over 45 million visits since 2017, provides licence status, sales permits and project progr
Mah Sing Group Bhd has been recognised as one of Malaysia’s Top 10 Developers at the Hubexo Asia Awards 2026 for the 15th consecutive year. The award, formerly known as the BCI Asia Awards, evaluates the value of construction projects and incorporates green building ratings.
Penang will auction a 6-acre freehold plot in Tanjung Pinang on Oct 7 to raise funds for the Ayer Itam to Tun Dr Lim Chong Eu Highway bypass, which is 92.46% physically complete but only 81.69% financed. The reserve price is RM313.632 million, or RM1,200 psf, with proceeds shared between the state a
Kyliez Suites @ KL City Centre, a 37-storey freehold mixed development by EXSIM Avenue Sdn Bhd, has launched on Jalan Ampang. The project comprises 126 serviced residences and 220 office suites, with units from 323 sq ft studios to 657 sq ft dual-key layouts, priced from RM1,272,705 to RM1,676,470 f
Smart Budget Economy Sdn. Bhd. has launched Myra Yara, a low-density condominium on 6.015 acres in Putra Heights, Selangor, with 219 units across an 18-storey building. The project offers layouts from 800 sq ft to 2,751 sq ft, with indicative starting prices from approximately RM191,250, targeting f
The Housing and Local Government Ministry has proposed financial incentives for green buildings and a big-data analytics model to better match housing supply with demand. The announcements were made at the opening of the Malaysia Property Expo 2026 in Kuala Lumpur, which targets nearly RM2 billion i
C.T. World Development has launched Aman Residensi, a freehold high-rise development in Bandar Bukit Raja, Klang, Selangor. The project comprises 1,120 units across two blocks, with three-bedroom layouts from 800 sq ft to 900 sq ft, targeting eligible Malaysian first-time buyers and families.
Industrial property prices in Sepang, Selangor, range from RM300,000 to RM18.21 million, with location less decisive than asset-specific factors such as land area, built-up size and tenure, according to Oregeon Property Consultancy data from 2023–2025. The analysis reveals three broad price tiers: l
Shin Yang Group Bhd has agreed to acquire an 8.316ha leasehold industrial property in Kuching, Sarawak, for RM34 million from Forescom Plywood Sdn Bhd. The related-party transaction will support the expansion of the group's door-to-door logistics operations.
AmFIRST REIT is seeking unitholders' approval to sell Menara AmBank to AmBank (M) Bhd for RM331 million cash. The proposed disposal would lower the REIT's pro forma gearing to 33.94% from 46.60% and is expected to improve distribution per unit to 3.24 sen from 2.87 sen. A unitholders' meeting is sch
Kerjaya Prospek Group Bhd has secured an RM858 million contract for mechanical, electrical and plumbing fit-out works at a data centre in Iskandar Puteri, Johor. Separately, the group has completed the acquisition of the remaining 40% stake in Tanjung Bungah Development Sdn Bhd, making it a wholly-o
Media Chinese International Ltd has agreed to sell its former media operations office and printing facility in Richmond, British Columbia, for C$6.85 million (RM19.88 million). The freehold property, which has been vacant since February, is expected to generate an unaudited gain of about C$5.26 mill
SkyWorld Development Bhd has been named Best Performing Company in the Property Sector at The Edge Malaysia ESG Awards 2026. The recognition follows its gold award in the Emerging Leader category at the 2025 edition and reflects its integration of environmental, social and governance considerations
Parkland By The Hill, a 36-storey, 568-unit condominium by Parkland Group, is coming up in Batu 9, Cheras. The project combines 73 villa-style units with 495 conventional condominium units, plus a sky facilities floor. Pricing, tenure and unit sizes are yet to be confirmed.
UDA Holdings Bhd has launched its Bonanza Memenuhi Impian 2026 campaign, offering buyers of 21 selected residential and commercial projects nationwide prizes including a Residensi Dedaun unit valued at RM508,000. The campaign runs until Dec 31, 2026, with draws scheduled through April 2027.
Heng Guan Development has started handing over 129 homes at Aera Gardens, the first residential phase of its 150-acre Aera Township in Sungai Petani North, Kedah. The RM828 million integrated township is being developed over five phases, with completion targeted by 2032.
A shop at USJ Sentral 3 in Subang Jaya, Selangor, was sold for RM3 million in a deal completed on 29 Jan 2026. The 8,232 sq ft six-storey unit changed hands at RM358.36 psf after six months on the market.
Avaland Bhd's RM86.04m purchase of three freehold land parcels in Taman U-Thant, Kuala Lumpur, has become unconditional. The 1.88-acre site, zoned residential, is planned for a high-rise development with an estimated GDV of RM700m, strengthening Avaland's luxury presence in the Klang Valley.
German life sciences firm Eppendorf SE has leased an 11.82-acre site at Bandar Cassia Technology Park in Penang from the Penang Development Corporation for 60 years. The company plans to invest about €40 million (RM186 million) in a greenfield facility, with production expected to start gradually in
A fully furnished bungalow in Taman Titiwangsa, Kuala Lumpur, has been leased for RM28,000 a month. The tenant was attracted by the strategic location, spacious layout, private pool and accessibility, with the property finding a tenant after a month on the market.
Nuvah Sdn Bhd, the Malaysian commercial arm of V3D Asia Ltd, plans to start construction in November on Villa Bayu, a 3D-printed luxury bungalow at the Gentlebre Precinct of Eco Majestic in Semenyih, Selangor. The project would be Malaysia’s first 3D-printed luxury bungalow, though details on size,
Hillcrest Botaniq, a freehold condominium in Taman Puchong Utama, Puchong, Selangor, has been launched with 988 units across three towers. The development features a 3-acre central park and is priced from RM576,500.
Page 1 of 3 · 112 stories