Malaysia: Kuala Lumpur and the Klang Valley, Penang, Johor and Iskandar, listed developers and the REIT market.
Oriental Holdings Bhd's share subscription agreement for a 96.84% stake in Northam Georgetown Sdn Bhd became unconditional on Oct 14, after remaining conditions were fulfilled or waived. The deal is part of a broader RM411 million related-party acquisition package involving three Penang properties.
Fraser & Neave Holdings has finalised the sale of its entire 50% stake in Vacaron Company to Tan & Tan Developments at RM181.55 million, a slight reduction from the interim price. The final consideration was set after an audit of Vacaron's accounts, with the land valued at RM360 million.
Singapore-based Princeton Digital Group is seeking a US$1.2 billion syndicated loan to fund a 198.8MW data centre campus in Johor and refinance existing debt. The three-year loan would be taken by subsidiary Princeton Digital Group Labuan Alpha Ltd, with HSBC, Maybank, OCBC, Standard Chartered and U
Seven private housing projects in Kuala Lumpur remained abandoned as at Aug 31, while 12 others involving 6,102 housebuyers were classified as sick, the Dewan Rakyat was told. Housing and Local Government Minister Nga Kor Ming said five abandoned projects are in the planning stage for rehabilitation
A 1,098 sq ft condominium unit at Sunway Artessa in Kuala Lumpur was sold at auction for RM653,000, roughly 25% below the median price. The buyer, a former tenant in the area, plans to personalise the unfurnished unit, which offers KLCC views and is near an LRT station.
Battersea Power Station Development Company has secured a £280 million (RM1.51 billion) refinancing loan from CIMB, OCBC, Maybank and Standard Chartered to fund the next phase of the London regeneration. The loan will support development of the remaining 16 acres, including new homes, commercial spa
IOI Properties Group Bhd has clarified that a potential secondary listing on the Singapore Exchange remains under management evaluation, with no formal proposal submitted to its board. The group also noted it has appointed DBS Bank and Jefferies as advisers for a private fund to monetise its Singapo
Land 33 Bhd, via its subsidiary Pacific Horizon Sdn Bhd, has agreed to buy a freehold property at 3, Cantonment Road in George Town, Penang, for RM32.3 million in cash. The 46,145 sq ft site currently houses a preschool and will be used to expand the group's land bank for future property development
Pantech Global Bhd proposes to sell a 10.01-acre freehold site in Klang for RM31.73 million in cash, following a review of its expansion plans and prolonged planning timelines. The group expects a net gain of about RM769,000 from the disposal, with proceeds to fund its replacement land and working c
S P Setia Bhd has welcomed Budget 2027's homeownership support, including the stamp duty exemption extension to homes priced up to RM750,000, and its continued emphasis on the Johor-Singapore Special Economic Zone. The developer also backed the Green Investment Tax Allowance and the reintroduced var
Malaysia's Deputy Energy Transition and Water Transformation Minister has proposed requiring data centre operators to generate their own electricity, as the government reviews the sector's energy and water use. The proposal follows a gap between contracted maximum load and actual consumption, with 4
The Draft Putrajaya Structure Plan 2050, considered at the 51st National Physical Planning Council meeting, sets targets of 83,438 homes and a population of 305,000 by 2050. The council also approved the Fifth National Physical Plan and Third National Urbanisation Policy, and agreed to the Perlis St
PR1MA Corporation Malaysia has opened online registration for Phase 1 of Bandar MADANI Bukit Jalil in Kuala Lumpur, following the Budget 2027 announcement. The mixed-use development will include a vertical school, health clinic, parks and recreational facilities.
Sime Darby Property Bhd has sold all 52 freehold single-storey semidee homes in Phase 1 of Seroja Gardens at Nilai Impian, Negeri Sembilan, within three hours of launch in September. The phase has a gross development value of RM48.3 million, with prices starting from RM905,888.
Astral Asia Bhd has received a RM2.34 million interim deposit from HNG Capital Sdn Bhd under a memorandum of understanding for the proposed RM233.57 million sale of 2,433 acres in Kuantan Hi-Tech Park, Pahang. The land, owned by subsidiary Astral Asia Plantation Sdn Bhd, is earmarked for a solar far
Paragon Gateway, a freehold mixed-use development by Paragon Premium Sdn Bhd, is now on the market along Jalan Tebrau in Taman Suria, Johor Bahru. Apartments start from about RM410,000, with the project marketed on its retail component and proximity to the JB CIQ and the upcoming RTS Link.
Malaysia's Ministry of Housing and Local Government (KPKT) has been allocated RM6.355 billion under Budget 2027, up 4.38% from 2026. The funds will support housing programmes, local government upgrades, community facilities and fire services, including RM1 billion for affordable housing and stamp du
Chin Hin Group Property Bhd has previewed Ophira Resort Residences, a serviced apartment development along Jalan Segambut in Kuala Lumpur with an estimated GDV of RM814 million. The two-block freehold project offers units from RM438,000 and features resort-inspired facilities, with completion target
EcoWorld has opened registration for the second phase of the SME Core at Eco Business Park VII in Negeri Sembilan, offering 136 cluster and semi-detached factories. The first phase was fully taken up. The industrial park spans about 1,195 acres of freehold land with an estimated gross development va
RHB Research has maintained its overweight call on Malaysian property stocks, saying the sector's recent sell-off has priced in much of the downside. It expects the Johor-Singapore Special Economic Zone master plan, slated for December, to provide catalysts, and names Eco World Development Group as
Eastern & Oriental Bhd is rolling out Seri Embun, a 360-unit gated precinct of 3-storey superlink homes in the City of Elmina, Shah Alam. The first phase of 185 units has achieved 60 per cent take-up, with the remaining 175 units slated for launch by 2Q2027.
Kepong Metropolitan Park, centred on a 140-acre lake park, has become a focus for mid-market high-rise buyers in Kuala Lumpur. EdgeProp EPIQ data shows 61% of transactions from 2020 to mid-2026 were in the RM400,000–RM599,999 bracket, while median prices around the park have held near RM500,000 for
S P Setia Bhd has launched Aurora II, a collection of 69 double-storey terrace houses within the 545-acre Setia Bayuemas township in Klang, Selangor. The freehold homes, with prices starting from RM840,000, feature smart-home technology and eco-conscious designs, and are expected to be ready for mov
UEM Sunrise Bhd has launched MAIA Mont’Kiara, a 495-unit freehold condominium on a 5.016-acre hilltop site at the edge of Bukit Kiara. Prices start from RM1.535 million, with completion expected in the first half of 2031.
Malaysia will reintroduce the variation of price (VOP) clause to cover rising diesel and bitumen costs for public-interest projects, among other contractor support measures in Budget 2027. The budget also raises Bumiputera procurement to RM7.5 billion and boosts home repair aid for disaster victims.
Knight Frank Malaysia said Budget 2027 provides a constructive platform for the property sector, with measures on connectivity, homeownership and affordable housing. The consultancy highlighted the need for timely implementation to attract private investment and deliver lasting benefits.
Affin Group has welcomed Budget 2027, saying its focus on fiscal consolidation, cost-of-living relief and business growth could support domestic activity and strengthen Malaysia's long-term competitiveness. The banking group highlighted measures including a RM20 billion housing financing guarantee a
Siva Shanker of Rahim & Co Chestertons welcomed Budget 2027's stamp duty relief and government land for affordable housing, but stressed the need for safeguards to ensure subsidised homes go to genuine owner-occupiers, not investors. He called for screening, occupancy requirements, and anti-flipping
AYER Holdings Bhd aims to hand over vacant possession of Bukit Puchong Boulevard Phase 1 in January 2027, about 10 months ahead of schedule, after all 54 freehold shop offices were fully taken up within 11 months of launch. Phase 2 has achieved 90% take-up since its October 2025 launch, and the grou
Turner & Townsend Malaysia says Budget 2027's focus on regional development and connectivity must be matched by effective project delivery to convert investment into growth. The firm cites RM431.1 billion in approved investments in 2025 and projects of 7.1% private and 6.8% public investment growth
OSK Group has unveiled a refreshed brand direction for its construction, property investment and property development arms, now collectively known as CID. The move includes a new brand purpose, a vibrant colourway dubbed OSKoral, and plans for RM1.34 billion in property launches in 2027.
Sime Darby Property, the Employees Provident Fund and the Armed Forces Fund Board are establishing a RM1.25 billion fund to develop data centres and logistics assets in Elmina, Selangor, under Malaysia's Budget 2027. The initiative is part of RM25 billion in domestic investments mobilised through go
Malaysia's Budget 2027 has highlighted Sime Darby Property's RM1.25 billion New Economy Venture Fund for data centres and logistics, alongside RM15 billion in grid investment by Tenaga Nasional Bhd. The fund, which secured full commitments at first close, targets built-to-suit data centres and indus
The Malaysian government has increased the allocation for rural road projects to RM2.3 billion in Budget 2027, up from RM1.3 billion in 2022. A total of RM3.3 billion is set aside for rural basic infrastructure, with Tenaga Nasional Bhd installing solar-powered streetlights in villages and rooftop s
The government will develop nearly 11 acres of government land in Belfield, Kuala Lumpur, for at least 2,500 Rumah MADANI affordable homes, with 70 per cent reserved for Bumiputera buyers. The Budget 2027 also allocates RM1.26 billion for FELDA and introduces measures to support construction contrac
Kuala Lumpur City Hall will receive RM400 million to create 120 acres of green space, restore parks, and upgrade public housing. A 100-acre leasehold site in Bukit Kiara will be gazetted as a Federal Park, and 22km of covered walkways will connect key landmarks.
Malaysia's Budget 2027, tabled by Prime Minister Anwar Ibrahim, allocates nearly RM1 billion for housing, expands first-home buyer stamp duty exemptions, and introduces new projects including Bandar MADANI Bukit Jalil. The budget also includes RM20 billion in financing guarantees for self-employed b
SD Guthrie Bhd has resolved its five-year legal dispute with Penang Development Corp over the compulsory acquisition of its Byram Estate, securing an additional RM68.01 million in compensation. The total compensation for the 380-acre site now stands at about RM241 million.
Cyberjaya Education Group Bhd has proposed acquiring three parcels of freehold vacant commercial land in Dengkil, Selangor for RM15 million. The land, spanning approximately 266,697 sq ft, is intended to support the University of Cyberjaya’s future expansion with potential uses including student acc
Haily Group Bhd's subsidiary, Haily Capital Sdn Bhd, has acquired a 176,690 sq ft freehold agricultural plot in Pulai, Johor Bahru, for RM6.45 million. The price reflects a 5.15% discount to an independent valuation of RM6.8 million. Completion is expected in Q4 2026.
MIDA is pushing Malaysian companies to capture more of the country's renewable energy supply chain, which saw close to RM10 billion in approved investments from 2023 to 2025. The agency has named five local firms as inaugural Renewable Energy Local Champions under its MIDA Supply Chain Programme at
Former Petaling Jaya city councillor Derek John Fernandez identifies three key urban planning challenges: development intensities exceeding the city's carrying capacity, ageing infrastructure, and a need to reassess market-driven development strategies. He calls for greater public participation, bet
CPI Land Sdn Bhd has launched Selayang Mulia, a 50.73-acre landed township in established Selayang offering 828 terrace homes. The guarded precinct features 2-storey and 3-storey houses with built-ups from 1,618 to 2,192 sq ft, along with green spaces and community facilities.
Ong Yet Swee, 68, has won a RM10,000 cash prize under S P Setia Bhd’s Generasi Baru campaign after purchasing a property in Setia Bayuemas, Klang. The prize was awarded at a session held in partnership with EdgeProp, part of a three-part initiative to help new homebuyers make informed decisions.
Life Water Bhd plans to acquire an industrial property in Kota Kinabalu Industrial Park, Sabah, for RM15 million. The company's subsidiary signed a sale and purchase agreement on Oct 7, with the property to be used for warehouse space to support business expansion near existing manufacturing facilit
MKH Bhd has completed the purchase of 14.91 acres of freehold land in Bangi, Selangor, for RM42.205 million. The site, acquired via a wholly-owned subsidiary, is earmarked for a commercial development with an estimated gross development value of RM170 million.
Electronics maker Salutica Bhd has proposed diversifying into property development and construction, backed by up to RM16.18 million in gross proceeds from a private placement. The group earmarks RM8 million for the new segment as it seeks to reduce reliance on loss-making manufacturing.
Datasonic Group has terminated its RM28.5 million purchase of an industrial property in Petaling Jaya after a fire safety approval condition was not met. The group's subsidiary issued the termination notice to vendor Pixio on Oct 7, with the RM2.85 million deposit to be refunded within 14 days.
OSK Property is offering homebuyers at eight developments across Malaysia a chance to win a Peugeot motorcycle in a campaign running from Oct 1 to Nov 30. The developer has partnered with Aveta Malaysia and Peugeot Motorcycles for the promotion, which includes joint events and test rides at four sal
Plenitude Bhd plans to launch a transit-oriented development in Kajang, Selangor, in the second quarter of 2027, comprising 992 serviced apartments and 28 retail units. The group reported property sales of RM438.9 million for FY2026, up 18% from a year earlier.
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