Malaysia: Kuala Lumpur and the Klang Valley, Penang, Johor and Iskandar, listed developers and the REIT market.
Sime Darby Property Bhd and innovation platform Kolaxus are targeting more than 1,000 university students for a hackathon focused on sustainable and liveable townships. The Sime Darby Property University Hackathon 2026 runs from September to December, with a total prize pool of RM14,000. Winners may
Lagenda Capital, a wholly-owned subsidiary of Lagenda Properties, has completed its first RM475 million issuance under a RM1.5 billion sukuk wakalah programme. Proceeds will fund Shariah-compliant inter-company advances for affordable housing developments and working capital.
Glomac Bhd posted a net profit of RM7.6 million for the first quarter ended July 31, 2026, reversing a net loss of RM1.42 million a year earlier. Revenue surged 163% to RM68.53 million on higher property development activity, though sequential performance weakened.
The Selangor government has allocated up to RM20 million over 2025 and 2026 to resolve longstanding strata ownership issues, which the menteri besar linked to developers' failures. A separate RM5.68 million has been set aside for three strata community empowerment initiatives in 2026.
More than 480 acres have been reclaimed for the planned 2,300-acre Silicon Island off Penang, with RM1.9 billion invested to date. The figures, released by Pulau Tikus assemblyman Joshua Woo Sze Zeng, mark three years since reclamation began in September 2023.
MP Global Realty Sdn Bhd and EdgeProp Malaysia have signed a memorandum of understanding to promote property data, market intelligence and digital technology in Malaysia's real estate sector. The partnership aims to enhance the capabilities of real estate professionals and support informed decision-
Alphex Realty has formalised strategic collaborations with EdgeProp and law firm Manjit Singh Sachdev Mohammad Radzi & Partners at its grand opening in Petaling Jaya. The move supports the platform's goal of fostering industry cooperation and partner growth, building on Alpha Group's track record.
Mah Sing Group's RM469 million M Minori in Taman Seri Austin, Johor has topped out, with all non-Bumiputera units sold and only limited Bumiputera units left. The developer is preparing two more Johor residential projects for launch later this year.
Lumina Commercial Park, a 35-acre freehold mixed development in Iskandar Puteri, has opened for sale with commercial units starting at RM2.5 million. The project, developed by Iskandar Seafront Assets and BCB Bhd, targets the growing demographic and cross-border traffic from the Johor-Singapore Spec
UEM Sunrise’s Gerbang Nusajaya and Puteri Harbour developments are positioned to benefit from the Johor–Singapore Special Economic Zone and improved connectivity. The Gerbang Nusajaya Interchange, opened in Dec 2025, provides direct access to the Second Link Expressway, strengthening the township's
A terrace house at Taman Bukit Segar, Kuala Lumpur, sold for RM940,000 after a year on the market. The buyer was attracted by the property’s condition, substantial land area, and gated-and-guarded facility, while the seller moved on to pursue retirement.
Trans Loyal Development's Residensi Selangorku Begonia in Eco Majestic, Semenyih, offers 933 units across three 30-storey blocks, with 1,045 sq ft three-bedroom homes launched at about RM250,000. The Rumah Selangorku project targets families seeking spacious affordable housing within the Semenyih-Ka
Trans Loyal Development's Residensi Senja @ Alam Sari in Bangi offers freehold three-bedroom apartments of about 1,045 sq ft from RM263,900 under the Rumah Selangorku scheme. The 1,458-unit project sits near UKM, GMI, Bangi KTM station and Canal Park.
Malaysia's government has approached Malaysia Airlines and Batik Air about taking over AirAsia's routes and passengers, as it monitors the budget carrier's financial health. The two airlines are willing to expand organically but would only take on AirAsia's operations on a large scale if they could
BRDB has opened the final phase, The Royal Collection, at its 47-acre Senja Lakeside Estate in Seri Kembangan, Selangor. The limited offering comprises three-storey semi-detached homes, zero-lot bungalows and bungalows with built-ups from 4,497 sq ft to 7,588 sq ft, priced from RM1.94 million to RM4
Sejahtera 113, a 113-unit low-density freehold high-rise in Alma, Bukit Mertajam, launched in February 2026 with prices from RM369,000 to RM400,000 under Penang's Rumah MutiaraKu Type D affordable housing scheme. The 900 sq ft units feature a 3+1 room layout and are located about 3km from AEON Mall.
Radium Development's freehold Radium Arena on Old Klang Road offers 988 homes in two 40-storey towers, with prices from RM569,000 to RM857,000. Units range from 658 to 920 sq ft, including dual-key options, and the project targets completion by November 2028.
BRDB Developments has launched 111 Menerung, a 23-storey boutique serviced residence with 111 freehold units along Jalan Menerung in Bangsar. Prices start from about RM2.26 million, with the largest duplex at RM7.33 million. The low-density project targets buyers seeking privacy and an established a
A bungalow at Sunway Rydgeway Puncak Melawati in Selangor was sold for RM2.5 million after two weeks on the market. The buyer was drawn to the layout, design and end-lot position of the bare unit.
The Labs at Bukit Bintang City Centre (BBCC) in Kuala Lumpur has launched The Labs: Artist Series, featuring six Malaysian creative talents from Sept 12, 2026 to January 2027. The programme includes physical installations, immersive digital experiences, murals and merchandise tied to Merdeka, Mid-Au
Wolo Hotel & Residences in Mont Kiara, Kuala Lumpur, has won two Gold awards at the 12th CREDAWARD in Shanghai, making it the first Malaysian project to receive such recognition. The 60-storey hospitality-led development by Magma Group also earned an Industry Contribution Award.
Penang has added 1,133 homes across five projects to its rent-to-own programme, with RM49.26 million allocated this year. The state-purchased units bring the total RTO homes under the programme to 13,277, or about 60% of its 22,000-unit target by 2030.
EXSIM Hospitality Bhd's wholly-owned subsidiary, EXSIM Concepto Sdn Bhd, has accepted a RM42.48 million appointment as nominated subcontractor from Taghill Projects Sdn Bhd. The building services and general works contract runs for 24 months from Sept 15, 2026. The underlying project was not identif
IOI Properties Group has increased its allocation for project development, property investment and related activities under its Malaysian REIT exercise to RM3.07 billion, from RM1.55 billion previously. The revised allocation represents 66 per cent of the estimated RM4.66 billion in total gross proc
Kerjaya Prospek Group Bhd's wholly owned subsidiary has accepted a RM37.82 million contract from Persada Mentari Sdn Bhd for piling and substructure works on an affordable apartment project at Pulau Andaman, Penang. The 24-month fixed lump-sum contract is slated to start on Oct 1, 2026.
Industry leaders at Data Centre Nexus 2026 urged Malaysia to measure data centre growth by local capabilities and supply chains, not just investment size. Mida recorded RM385.7 billion in data-centre investments from 2021 to H1 2026, with calls for greater SME participation and resource efficiency.
The Real Estate and Housing Developers' Association Malaysia (Rehda) has signed separate memoranda of understanding with the Malaysian Green Technology and Climate Change Corporation (MGTC) and the Malaysia Carbon Market Association (MCMA) to promote sustainable development and carbon market knowled
IJM Land Bhd has unveiled Merione Residences, a 145-unit residential development within its Merione mixed-use project at The Light Waterfront Penang. The launch follows the 100% take-up of commercial units at the adjacent Merione Grand.
SkyAman Development has launched SkyAman 1 Residences, a 50-storey condominium in Cheras, Kuala Lumpur, with 510 units priced from RM808,000 to RM1.941 million. The 99-year leasehold project targets families with 3- and 4-bedroom layouts ranging from 1,097 sq ft to 1,548 sq ft, and is expected to co
KLK Land has opened Coalfields Retail Park in Bandar Seri Coalfields, Selangor, with 90% of its retail space occupied. The 21-acre development is the company's first retail project and features over 100 brands, including Skechers' largest store in Southeast Asia. The retail park is part of the broad
UDA Holdings Bhd’s Heritage Valley Kuala Lumpur generated more than RM4.6 million in cumulative sales during its first 12 months of operations. The 1.71-acre entrepreneurship hub along Jalan Doraisamy was developed at a cost of RM9.7 million and has benefited over 500 entrepreneurs.
Two properties owned by Country Heights Holdings Bhd subsidiaries will be auctioned with combined reserve prices of RM207.77 million. The larger asset, Mines Waterfront Business Park in Selangor, has a reserve price of RM152.77 million, while a freehold commercial parcel in Kajang carries a reserve
AME Elite Consortium Bhd is acquiring 176.45 acres of freehold land in Pontian, Johor for RM199.84 million cash, with preliminary plans for industrial development. The site is within the Johor-Singapore Special Economic Zone and located about 9km from the Second Link Expressway. The deal is expected
The review of Malaysia's Strata Management Act 2013 is considering replacing the share-unit system used to calculate maintenance charges and voting rights with a new system based on strata area. The proposal is not yet confirmed and is still being refined, according to a senior housing department of
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.
Page 3 of 5 · 245 stories