A growing performance rift between ageing and modern office buildings in Kuala Lumpur is creating an existential dilemma for older stock, according to CBRE | WTW's Malaysia Real Estate Outlook 2026 report. Occupancy in non-prime purpose-built offices slipped from 82.8% in 2019 to 78.4% in 2025, whil
IJM Perennial has launched Lightwater Residences, a 262-unit luxury condominium within the 32.76-acre The Light City in Penang. Units start from 1,152 sq ft priced at RM2.06 million, with completion targeted for the first quarter of 2029.
Matrix Concepts Holdings Bhd has launched its Matrix 30A HOME RUSH Campaign 2026, offering more than RM30 million in savings, rewards and prizes. The campaign, running until Nov 30, gives eligible purchasers the chance to win one of three dream homes alongside loyalty rebates, referral incentives an
The Rehda Institute Youth Initiative (RIYI) offers a year-long corporate mentorship programme for final-year university students and recent graduates to develop workplace skills beyond academic knowledge. Industry practitioners stress the importance of communication, adaptability, and a willingness
Alpha Galaxy Group has signed an MoU with Billion Group to develop a B-Grocer supermarket on roughly 2.037 acres within its 166-acre Galaxy Exchange mixed-use project in Puncak Alam, Selangor. The neighbourhood supermarket will serve nearby residential and commercial areas, acting as a key anchor fo
Pesona Metro Holdings Bhd posted a 46.7% rise in net profit to RM13.67 million for 2QFY2026, driven by stronger contributions from property development subsidiary Gaya Kuasa Sdn Bhd. Revenue grew 46.2% to RM255.56 million as project completion and sales picked up.
Frasers Property Ltd and Tan & Tan Developments Bhd plan to jointly develop PJ Quarter, a 5.15-hectare mixed-use project in Section 13, Petaling Jaya. The partnership is linked to Tan & Tan's proposed acquisition of a 50% interest in Vacaron Company Sdn Bhd, which owns the site. The first phase will
i-City Properties has appointed four property agencies — led by Firdaus & Associates, with IQI Global, ESP Global and PropNex Malaysia — to begin market engagement and prospective buyer registrations for AI Living @ i-City in Shah Alam. The residential development, centred on the UrbanOS digital pla
Sime Darby Property has signed a sale and purchase agreement to acquire Wisma Unirazak along Jalan Tun Razak, Kuala Lumpur, for RM160 million. The developer plans to redevelop the freehold site into a high-rise serviced apartment project with a gross development value of RM900 million, targeting a 2
Lagenda Properties Bhd posted a 25% rise in net profit to RM56.57 million for the second quarter ended June 30, 2026, driven by a 40.8% increase in revenue to RM336.24 million. The group’s property development segment saw revenue jump 47.2% to RM288.76 million, supported by higher recognition from p
Radium Development Bhd’s net profit rose to RM7.01 million in 2QFY2026 from RM785,000 a year earlier, driven by higher work progress at its ongoing projects. Revenue grew 75% to RM74.62 million, and the group plans a joint-venture launch in Kepong with an estimated GDV of RM403 million.
A unit at City of Green condominium in Selangor has been sold for RM300,000, a price the buyer described as below market. The 1,200 sq ft property was unfurnished but in good condition, having been held for a year after being received as contra payment from the developer.
