Malaysia: Kuala Lumpur and the Klang Valley, Penang, Johor and Iskandar, listed developers and the REIT market.
ERA Malaysia celebrated its sixth anniversary with a 'Unity in Diversity' theme, signing a Memorandum of Understanding with 10 branches and appointing three key management positions. CEO Tai Eefan highlighted the firm's growth from one office to a nationwide network.
Alpha Galaxy Sdn Bhd and Senheng Electric (KL) Sdn Bhd have signed a memorandum of understanding to collaborate on the Galaxy Exchange commercial development in Puncak Alam. The partnership includes a rewards programme offering S$50,000 in S-Coin to unit purchasers. Alpha Galaxy also plans to launch
Merdu Residences, the first residential phase of the Runnymede Valley Ampang integrated development, offers 317 freehold serviced residences in Ampang Jaya. Units range from 721 to 1,280 sq ft, with prices from RM663,200 to RM1.28 million, and completion targeted for 2030.
Main building works for the Novva @ Gravit8 development in Kota Bayuemas, Klang, will begin on Sept 28 after Inta Bina Group secured a RM221.08 million contract. The project comprises a 39-storey serviced apartment tower with 654 units and a 20-storey office tower.
BEDI Bhd has completed the RM14.3 million sale of a leasehold commercial property in Kota Kinabalu, Sabah, after receiving the balance of the consideration. The disposal, to S.W.E. Elektrikal Sdn Bhd, was deemed completed on Sept 22 following a one-month extension.
Runnymede Group has launched The Fount, the final residential phase of the 28-acre The Sanctuary enclave in Batu Uban, Penang Island. The freehold project comprises 280 units across two 20-storey blocks, with indicative prices starting from RM880,000.
IOI Properties Group plans to list a REIT holding nine properties valued at RM7.66 billion, with IOI City Mall accounting for about two-thirds of the portfolio. The proposed IOIPG Malaysia REIT will acquire the assets from the group for RM7.58 billion, funded through RM4.92 billion in REIT units and
The federal government has set aside RM25 million under the 13th Malaysia Plan for a national automation, testing and equipment (ATE) campus in Batu Kawan, following Penang's earlier commitment of 10 acres of industrial land valued at RM40 million. The Economy Ministry announced the allocation on Se
MGB Bhd aims to secure its first anchor tenant for the 1,007-acre Kertih Terengganu Industrial Park (KTIP) in 2027, after receiving support under MIDA's Managed Industrial Park framework. The park, the first on Malaysia's East Coast with MIP status, is initially marketing about 500 acres to investor
Eco World Development Group Bhd posted a 10.9% rise in net profit to RM112.16 million for 3QFY2026, with revenue up 27.5% to RM971.53 million. Sales hit RM5.01 billion, led by Iskandar Malaysia and Klang Valley, and the group won a Singapore URA tender for a residential site at Lorong Puntong/Sin Mi
A bungalow on Jalan Langgak Golf in Taman U-Thant was the most expensive residential transaction in Kuala Lumpur so far in 2026, changing hands for RM70.5 million. Eight of the nine highest-value deals were bungalows, with three in Kenny Hills, according to NAPIC data accessed through EdgeProp EPIQ.
PropNex Malaysia is hosting an open house weekend on Sept 26-27, featuring 20 properties across the Klang Valley and one bungalow in Batu Ferringhi, Penang. Listings range from a RM595,000 semi-detached home in Setia Alam to a RM4.3 million bungalow in Setia Eco Park.
Aneka Jaringan Holdings Bhd has secured a RM26.2 million contract for substructure works on a 53-storey serviced apartment project on Jalan Yap Kwan Seng, Kuala Lumpur. The contract covers earthworks, piling, pile caps, retaining walls and substructure work for the 394-unit development by Exsim YKS
Rekatech Capital Bhd has disclosed the completion of its RM2.16 million acquisition of two suites in Penang's Mansion One development. The related-party transaction, signed in 2021 and completed in 2022, was only recently announced to Bursa Malaysia.
Topmix Bhd has pushed back the completion of its RM1.85 million disposal of a freehold industrial property in Senai, Johor, to the fourth quarter of 2026. The extension follows a mutual agreement with purchaser PMI Packaging Sdn Bhd, as the balance payment awaits bank processing.
Paragon Globe Bhd plans to develop more of its Johor landbank around anchor occupiers while selectively selling land to support its pipeline. The developer cited its PGB-GSP AutoPark, a proposed industrial park in Sedenak and a conditional land sale in Tanjung Kupang as examples of the strategy.
A 2,002 sq ft condominium unit at Trinity Pentamont in Mont Kiara changed hands for RM1.82 million (RM909.09 psf) on 11 Jun 2026. The buyer, a former tenant, purchased it as an investment with plans to rent it out.
The Real Estate and Housing Developers' Association Malaysia (Rehda) has called for a review of statutory and regulatory costs that are no longer applicable, saying they add to housing delivery costs. This comes as its latest survey shows 81% of developers reported higher business costs and 63% plan
S P Setia's Setia Indah has launched Sapphire Elan, a 27-unit freehold bungalow collection within the Setia Tropika township in Johor Bahru. Homes offer a 5,794 sq ft built-up area on land plots from 60' x 120' to 117' x 140', with completion expected in June 2028.
Almost 60 per cent of developers in Peninsular Malaysia reported unsold completed residential units as of June 30, with loan rejections, property prices and unreleased Bumiputera units the main causes, according to the Rehda Property Industry Survey 1H2026. The survey also found launches held steady
A 2,260 sq ft unit at Four Seasons Private Residences in Kuala Lumpur was sold for RM5.6 million. The buyer was drawn to the corner balcony overlooking KLCC Park and the new Ombak Mall, a feature shared by only five units in the development.
Sabah Development Bank Bhd said it is willing to consider a substantial reduction in its exposure to PacifiCity, a long-abandoned RM2 billion waterfront development in Kota Kinabalu, to help revive the project. About RM300 million remains outstanding, and no firm investor proposal has been received
Tropicana Corp Bhd has handed over vacant possession of its Umara shopoffices at Tropicana Aman ahead of schedule, with the development fully taken up. The two- and three-storey project also achieved an 83% QLASSIC score.
Beshom Holdings has received the Ministry of Economy's no-objection to its proposed RM85.8 million disposal of three freehold industrial land parcels in Kapar, Klang. The sale to JT Development remains conditional on the purchaser obtaining planning permission.
Glomac Bhd has completed the disposal of a 3.42-acre leasehold plot in Bandar Metro Puchong, Selangor, to Sunway Puchong Sdn Bhd for RM49.18 million. The sale is part of a two-parcel deal worth RM97.3 million, with the second plot targeted for completion by the third quarter of 2027.
Maybulk Bhd is buying a freehold industrial property in Bandar Bukit Raja, Klang, for RM35.5 million in cash to expand its industrial property business. The acquisition, expected to complete in Q4 2026, will be funded internally, partly from the proceeds of a proposed land disposal in Kapar.
Malaysia has become an ageing nation with over 7% of its population aged 65 and above, according to UN thresholds. Industry players urge that the senior-living ecosystem—care expertise, community and policy—must be built before real estate, warning of compressed timelines and a caregiver shortage.
Malaysia's move towards net-zero emissions must extend beyond individual green buildings to whole urban systems, industry figures said at International Sustainability Week 2026. Speakers argued that sustainability should be measured by outcomes across neighbourhoods and cities, not just project-leve
Bon Estates Sdn Bhd has opened a 40m-long two-way road linking Jalan Kiara 3 and Jalan Duta Kiara in Mont Kiara, built at a cost of about RM3 million as a corporate social responsibility initiative. The link provides an additional route towards Solaris Dutamas and surrounding areas, ahead of the han
Seri Embun, a 639-unit double-storey terrace project within the 429.3-acre Puncak Warisan township in Kulai, Johor, is priced from RM504,000 to RM716,000. The 20' x 70' homes offer four bedrooms and three bathrooms, with the master plan including a central lake garden, clubhouse and commercial compo
The Malaysian REIT Managers Association has asked the government to reinstate the withholding tax break on REIT dividends in Budget 2027, arguing the current regime hurts competitiveness against Singapore and Hong Kong. It also proposed raising the statutory gearing limit to 60%.
Eco Business Park 7 Sdn Bhd has agreed to sell 221.665 acres of industrial land in Port Dickson, Negeri Sembilan, to Tera Data Centers (Malaysia) Sdn Bhd for about RM1.013 billion. The freehold site is within the 1,195-acre Eco Business Park 7 development under the Malaysia Vision Valley 2.0 master
S P Setia's Summera Grove, a freehold double-storey terrace home project within Setia Tropika in Johor Bahru, sold all 130 non-Bumiputera units within hours of its 14 March 2026 launch. The 203-unit development has a gross development value of about RM181.43 million and is expected to be completed i
Chin Hin Group Property Bhd's joint-venture company has been given a one-month extension, to Oct 21, to settle the remaining RM35.4 million owed to Fiamma Holdings Bhd. The company has so far paid RM110.7 million of the settlement amount.
Tien Wah Press Holdings has completed the RM1 disposal of Tien Wah Press Services Sdn Bhd, which holds tenancy rights to Pacific Grand Ballroom in Petaling Jaya, to Hong Kong-based Asia Regal Enterprises. The deal includes a separate arrangement for the recovery of RM14.14 million owed for renovatio
Growing demand for padel and pickleball courts is reshaping Malaysia’s property landscape, with operators converting warehouses, open land and shopping malls into sport venues. Location, ceiling height, cost and supporting facilities are key considerations, while rental rates vary from RM2 psf for w
AmFIRST REIT’s RM331 million sale of Menara AmBank to AmBank (M) Bhd became unconditional after all conditions precedent were fulfilled. Unitholders approved the related-party transaction with 96.14% of votes cast in favour. The disposal will reduce the trust’s gearing to 33.94% from 46.60%.
Pekat Group's subsidiary has signed a conditional lease for about 470 acres in Sungai Petani, Kedah, for renewable energy activities, with estimated aggregate rent of RM54.5 million over 24 years. The deal is subject to approvals and an offtake agreement, with a three-year exclusivity period.
S P Setia Bhd has launched the 100-acre Setia Fontaines Heritage Park at its township in Kepala Batas, Penang. The park joins the township's 63-acre man-made lake and musical fountain in supporting recreation and community engagement.
Setia Awan Land has launched its first industrial project, the 447-acre Tanjong Malim Hi-Tech Park in Perak, with an estimated gross development value of RM1.4 billion. Phase 1 has achieved 50% take-up, with investments from Ningbo Fresh Technology and Sheentech Automotive Systems totaling about RM5
Analysis of 384 resale transactions in Kuala Lumpur over the 12 months to June 2026 reveals 59.9% of units changed hands at a higher price than their previous purchase. However, once holding periods are factored in, the median annualised return falls to 1.2%, and after filtering for non-open-market
The Silver Valley Technology Park (SVTP), a 2,700-acre master-planned industrial and innovation hub on the outskirts of Ipoh, has moved into active construction. The first phase of 816 acres is slated for completion by 2030, with the full build-out by 2034 targeting RM14 billion in private investmen
Older stratified malls in Klang Valley struggle to fund renovations due to fragmented ownership, inadequate sinking funds and vague legal processes, industry experts say. While some malls like Sungei Wang Plaza and The Summit USJ have succeeded, reform is underway to address commercial governance ne
Bandar Rimbayu in Kuala Langat, Selangor, has seen median residential prices exceed RM1 million, reflecting a deliberate shift by developer IJM Land Bhd from its earlier mass-premium, volume-driven approach. The 1,879-acre township now focuses on higher-priced landed homes and expanded commercial of
KIP Real Estate Investment Trust plans asset enhancement initiatives at three malls to boost operational efficiency and support rental growth. The REIT also targets completing its RM435 million acquisition of Setapak Central Mall by end-Q3 2026, which would lift assets under management to about RM2.
Sunway Sakura Residence, a low-density landed development in Sunway City Iskandar Puteri, Johor, has launched with 100 Japanese-inspired homes priced from RM2.5 million. The project features Semi-D+, Semi-D and bungalow units with built-up areas from 3,190 sq ft and is located about 5km from the Mal
Sunway Healthcare Group has started construction on its RM800 million Sunway Medical Centre Iskandar Puteri in Johor, targeting completion in 2030. The 400-bed tertiary hospital will serve southern Malaysia, Singapore and Indonesia, and is part of the group’s plan to operate eight hospitals with ove
Hectare Heights Development has launched 22 Collection @ Suria Warisan, a boutique landed development of 22 two-storey semi-detached homes in Sepang. Indicative pricing starts from RM1.338 million, with land sizes from 3,229 sq ft to 6,168 sq ft.
Tropicana Corporation Bhd has donated RM3 million to the Johor Education Foundation to support education and talent-development programmes in the state. The contribution backs initiatives including STEM-focused schools, scholarships for top SPM scorers, and technical facility upgrades.
Malaysia's policy reversals on EV import rules and data centre incentives risk undermining foreign investor confidence, according to a commentary by CNA's Leslie Lopez. While headline FDI figures remain strong, the quality of capital could degrade as predictability erodes.
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