Malaysia: Kuala Lumpur and the Klang Valley, Penang, Johor and Iskandar, listed developers and the REIT market.
Sunway Construction Group Bhd (SunCon) has secured approximately RM920.8 million in additional mechanical, electrical and plumbing fit-out works for a data centre in Johor. The variation order was awarded by an unnamed US-headquartered multinational technology company, with completion targeted by th
Waja Konsortium Bhd's 51%-owned subsidiary, Waja Build Tech Sdn Bhd, has accepted a RM190 million letter of award from Affluent Crafts Sdn Bhd for main building and external works on a Johor Bahru development. The project comprises 824 serviced apartments and 24 affordable townhouses.
A semidee house at Pearl Residences, Batu Ferringhi, Penang, has been sold for RM1.6 million. The buyers, Chinese nationals with Malaysia My Second Home status, plan to use it as their long-term family home due to its quiet location and proximity to the beach.
About 40 Malaysian property and industrial sector leaders will visit Suzhou and Shanghai from Nov 16 to 19 to connect with Chinese manufacturers planning Southeast Asian expansion. The mission follows a September research trip and aims to match developers and landowners with companies seeking overse
Google plans to invest US$15 billion (RM61 billion) in Malaysia in 2027 and 2028, expanding its operational Elmina data centre and adding three new campuses in Selangor and Negeri Sembilan. The investment also covers clean energy, water infrastructure and workforce training, with construction projec
The Department of Occupational Safety and Health has asked the developer of a hillside project in Penang to submit pre-construction information before proposed slope works begin near the site of the fatal Paya Terubong landslide. DOSH will examine the documents and seek geotechnical advice from the
Paramount Corp Bhd has signed a joint venture with Mitsui Fudosan (Asia) Malaysia to develop The Ashbourne, a RM1.34 billion serviced apartment project off Jalan Ampang, Kuala Lumpur. The deal involves Mitsui acquiring a 49% stake in the project company for RM23.06 million, with Paramount retaining
Malaysia's Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani said a global turbine shortage has delayed adding power capacity for data centres. Tenaga Nasional Bhd can provide additional capacity while protecting supply to existing industries, he said, and natural gas, solar, bat
Penang Chief Minister Chow Kon Yeow told the state assembly that the state has no specific plans to develop state-owned land on Pulau Jerejak, though private developers have submitted proposals for mixed-use development. A separate RM500 million bridge linking Queensbay to an 80-acre private redevel
Prime Minister Datuk Seri Anwar Ibrahim launched the fifth National Physical Plan (RFN5) and third National Urbanisation Policy (DPN3) on Nov 4. RFN5 sets land-use priorities to 2040, including an 85% urbanisation target, while DPN3 focuses on affordable housing and safer cities by 2035.
Sime Darby Property Bhd is exploring a REIT listing by 2028, focused on industrial and data centre assets, according to Maybank Investment Bank. The developer is also expanding into heavy industrial parks and solar energy projects to support its industrial and data centre customers.
Armani Group and MBSB Bank Bhd have partnered to provide up to 100% financing for eligible buyers through MBSB Bank's Home Advance 100 programme. The initiative covers selected Armani Group developments, including the RM3 billion Armani Hallson KLCC project near the Petronas Twin Towers.
Former banker Ryan Ng became PropNex Malaysia's top landed producer among 1,600 agents in 2024, just three years after entering real estate. He specialises in luxury landed homes and branded residences, and credits his entrepreneurial mindset for his rapid rise.
Freight revenue on Malaysia's East Coast Rail Link is projected to reach RM214 million in 2029, more than tripling from RM71 million in 2028 and overtaking passenger revenue for the first time. Transport Minister Anthony Loke revealed the forecasts in a parliamentary reply on Nov 2.
Topmix Bhd has completed the RM1.85 million cash sale of a freehold industrial property in Senai, Johor, to PMI Packaging Sdn Bhd. The payment marks the finalisation of the disposal by its wholly owned subsidiary, Topmix Resources Sdn Bhd, after an extended completion period.
HHRG Bhd, through its wholly-owned subsidiary Open Road (East Coast) Sdn Bhd, has completed the RM11 million acquisition of a 1.95ha leasehold parcel in Marang, Terengganu. The 99-year leasehold site, classified for "Building" use, was bought from Tregon Construction Sdn Bhd.
Guan Huat Seng Holdings Bhd plans to acquire a freehold warehouse in Krubong, Melaka, for RM4 million. The property will serve as interim storage while the group awaits completion of a new facility in the fourth quarter of 2028.
Rehda Selangor chairman Datuk Edward Chong Sin Kiat urged for greater regulatory clarity and consistent policy implementation to ensure sustainable growth in the state's housing and property development industry. Speaking at the Rehda Selangor Housing Convention 2026, he emphasised that a clear regu
YTL Corp Bhd is revising the master plan for its Brabazon development near Bristol, England, to accommodate 25,000 homes, but expansion beyond the currently permitted 6,500 homes depends on additional transport links and energy infrastructure. The UK government's New Towns Taskforce has identified t
Consortium Zenith Construction can complete the RM852 million Air Itam–Tun Dr Lim Chong Eu Expressway bypass using internal funding despite the failed auction of a six-acre freehold parcel near Gurney Bay. Chief Minister Chow Kon Yeow told the Penang state assembly that construction is over 95% comp
Kuala Lumpur City Hall has approved only 4,218 units of affordable housing in Bandar Madani Bukit Jalil, with further approvals contingent on completion of supporting infrastructure. Minister Hannah Yeoh told Parliament the mayor is monitoring development to ensure infrastructure is implemented befo
Pekat Group Bhd has agreed to acquire six freehold industrial parcels in Nilai, Negeri Sembilan, for RM30.58 million to expand its switchgear and power-related businesses. The 410,191 sq ft site, acquired through subsidiary EPE Switchgear, will house manufacturing and energy storage operations.
Kuala Lumpur and Johor Bahru are ranked among the lower-cost markets globally for data centre construction, with indicative costs of US$10.06 per watt each. Singapore remains Southeast Asia's most expensive market at US$15.39 per watt, while Ho Chi Minh City is the cheapest in the region at US$8.32
YTL Corp Bhd reported a pre-tax loss of RM70.7 million in its property investment and development segment for FY2026, swung from a restated RM188.8 million profit a year earlier. The group completed its fully sold Dedaun Rimba project in Kwasa Damansara and progressed work at Brabazon Bristol in the
Berjaya Corp Bhd's property segment returned to profit in FY2026, posting RM33.90 million against a RM41.30 million loss a year earlier, driven by higher progress billings from Residensi Oak, Pangsapuri Azalea and Jesselton Courtyard. External revenue surged 85.4 per cent to RM503.58 million.
JY Creative Development Sdn Bhd has launched Merdeka Residensi @ J-City, a 32-storey serviced apartment tower with 361 units in central Kuantan, Pahang. Units range from 743 sq ft to 1,299 sq ft, with indicative prices starting from RM594,400. The leasehold project targets completion in 2029.
Sime Darby Property has launched Trybe Residences, a freehold serviced apartment development within the SJ7 integrated project in USJ 7, Subang Jaya. The 998-unit two-tower project features flexible layouts, lifestyle facilities and is located approximately 400 metres from the USJ 7 LRT-BRT intercha
Menara Tun Perak, Maybank’s former 55-storey headquarters in central Kuala Lumpur, is being marketed for full or partial investment by Knight Frank Malaysia and CBRE|WTW. The advisers highlight potential alternative uses including hospitality, serviced accommodation and mixed-use development, subjec
Malaysian Housing and Local Government Minister Nga Kor Ming urged stronger global cooperation to deliver quality housing based on affordability, liveability, connectivity and access to amenities. Speaking at the World Cities Day 2026 Forum in Fuzhou, China, he also highlighted the Ipoh Accord betwe
Sime Darby Property has launched Damayan Residences, a freehold serviced residence in Putra Heights, Subang Jaya, Selangor. The single-block development offers 308 units sized from 838 sq ft to 1,178 sq ft, with indicative prices from RM668,400 to RM999,900. It is located about 650 metres from Putra
UEM Sunrise Bhd has received the full RM415 million guaranteed entitlement under a development rights agreement with an EXSIM group company for a 1.59-acre freehold commercial site near Kuala Lumpur City Centre. The balance payment was made on Oct 30, completing the three-instalment payment schedule
Meridian Bhd reported a net loss of RM1.17 million for the first quarter ended Aug 31, 2026, widening 39.6% year-on-year despite revenue jumping to RM2.57 million. The group also faces ongoing foreclosure proceedings against a subsidiary and a Bursa Malaysia rejection of its extension application fo
IGB Real Estate Investment Trust posted a 50.8% rise in net profit to RM144.15 million for the third quarter ended Sept 30, 2026, driven mainly by The Mall, Mid Valley Southkey in Johor Bahru. Revenue climbed 50.9% to RM249.34 million, while net property income increased 48.3% to RM185.25 million.
EMKAY Group has extended its Merdeka Dari Sewa 2 property campaign to 31 Dec 2026, offering cash rebates of up to RM310,000 on selected residential and commercial units. The earlier campaign ended on 30 Sept with bookings for 104 units worth RM30 million.
UEM Sunrise Bhd and AME Elite Consortium Bhd have formed a 50:50 joint venture to develop a 402-acre freehold industrial park in Gerbang Nusajaya, Johor, with an estimated gross development value of RM4 billion. The first phase is expected to commence by end-2027.
Hilton has opened Waldorf Astoria Kuala Lumpur, the luxury brand's first Malaysian property, in the Golden Triangle. The 268-suite hotel at Jalan Raja Chulan features residences-style accommodation, dining by chefs Garima Arora and Jean-Georges Vongerichten, and a two-floor spa.
The High Court has partially allowed former national hurdler Noraseela Mohd Khalid's application against the joint management body of Shang Villa Condominium, ruling that House Rule 9.0 cannot be used to prohibit or penalise her merely for keeping three cats in her home. Enforcement must be grounded
Penang plans to start selling industrial plots on Silicon Island by the first quarter of 2027, with the first factory expected to operate in 2028. Chief Minister Chow Kon Yeow outlined the timeline while tabling the state's 2027 budget, focusing on the 700-acre Green Tech Park for semiconductors and
Paramount Corp Bhd's Sejati by the Lake in Cahaya SPK, Shah Alam, is open for preview with its sales gallery and show unit. The leasehold strata development comprises 252 double-storey terraced homes, with indicative prices from RM850,300 and an estimated GDV of RM236.6 million.
YTL Construction has won three industry awards, including Best Project Award for the RM8.9 billion Gemas–Johor Bahru Electrified Double Track Project at the MCIEA 2026. Executive director Yeoh Keong Yuan also received the Outstanding Young Contractor Award at the same event, and the firm was named C
Berjaya Construction, a unit of Berjaya Property linked to tycoon Vincent Tan, has been appointed for design-and-build works on the RM1.2 billion Sanglang Port project in Perlis. The development will include two multi-user terminals, a RORO terminal and a general cargo terminal along a 4km trestle.
Country View Bhd posted a 3.4% rise in net profit to RM15.58 million for the third quarter ended Aug 31, 2026, despite a 3.1% drop in revenue to RM76.56 million. The property developer declared a second interim single-tier dividend of eight sen per share, payable Dec 7.
Sarawak Consolidated Industries Bhd (SCIB) has exercised its option to sell two industrial land parcels in Kuching to SCIB Concrete Manufacturing Sdn Bhd (SCM) for a pre-agreed RM24 million. The sale, formalised via a Bursa Malaysia filing on 29 Oct 2026, covers Lot 1166 and Lot 1541 at Demak Laut I
Zecon Bhd is seeking shareholders' approval for a 30-year sublease of 302 acres in Kuching, Sarawak, for a proposed 100MWac solar farm, with total rent of RM54.36 million. The sublease, from a subsidiary to a majority-owned unit, will be voted on at an extraordinary general meeting on 19 November.
Sunway Healthcare Holdings Bhd's RM228.5 million acquisition of the lower 12 floors of Tower A at Sunway Medical Centre Velocity in Kuala Lumpur has become unconditional. The balance of RM205.65 million is payable by Jan 29, 2027, and the deal will add 90 beds to the hospital's capacity.
Maybulk Bhd's RM35.5 million acquisition of a freehold industrial property in Bandar Bukit Raja, Klang, has become unconditional after all conditions precedent were fulfilled. The property, fully occupied as a sports complex, comes with a fresh three-year tenancy at RM155,000 a month.
Axis REIT's net property income fell 2.8% year-on-year to RM77.99 million in the third quarter ended Sept 30, 2026. The REIT declared a third interim distribution of 2.35 sen per unit, down from 2.65 sen a year earlier.
Tropicana Corp Bhd has launched Phase 2 of Avisa Residences at Tropicana Alam in Puncak Alam, Selangor, offering 480 two-storey terrace homes priced from RM612,800. The launch follows over 90% take-up of Phase 1's 431 units.
Malaysia's largest pharmacy chain, Big Caring Group, has launched its IPO on Bursa Malaysia, valuing the company at RM8 billion (S$2.4 billion). The offering includes up to 1.9 billion shares at RM1.08 each, with proceeds primarily used to repay bank borrowings.
Magma Kiara Sdn Bhd has signed a non-binding MOC with interior fit-out specialist Jalex Sdn Bhd to explore appointing it as hotel interior adviser for the RM850 million Wolo Hotel & Residences, Mont Kiara KL. The 60-storey mixed-use development is targeting completion in Q4 2030.
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