Malaysia: Kuala Lumpur and the Klang Valley, Penang, Johor and Iskandar, listed developers and the REIT market.
Former Felda director-general Datuk Faizoull Ahmad claimed trial on Sept 30 to a cheating charge linked to a power of attorney that allegedly transferred 16 parcels of Felda land at Jalan Semarak, Kuala Lumpur. The court granted bail of RM70,000 and set case management for Nov 6.
Crescendo Corporation Bhd's second-quarter net profit more than quadrupled to RM70.56 million, driven by a data centre land sale at Nusa Cemerlang Industrial Park. Revenue rose 157.8% to RM201.43 million, and the group declared an interim dividend of two sen per share.
KIP Real Estate Investment Trust has completed its RM435 million purchase of Setapak Central Mall in Kuala Lumpur. The 99-year leasehold mall has a net lettable area of 514,777 sq ft and was 99.89% occupied as at Feb 28, 2026. The acquisition was partly funded by a RM163 million placement of new uni
Taiwan-based Sinyi Group is building an RM1 billion InterContinental resort in Papar, Sabah, with the main hotel set to open in December 2027. Separately, the group is pursuing a longer-term low-density resort on Mengalum Island, where conservation work is a key component of its development plans.
A newly renovated terrace house at Jalan Terasek in Bangsar, Kuala Lumpur, has been sold for RM2,465,000 after nine months on the market. The buyer was attracted by the unit's professional renovation and immediate move-in readiness. The deal was handled by Charles Phua of Zeon Properties Internation
OGX Group Bhd is seeking shareholders' approval to buy a three-storey detached warehouse with a four-storey office annex in Bukit Jelutong, Shah Alam, for RM19 million cash. The property will serve as the company's new headquarters, with relocation expected in the fourth quarter of 2027.
SD Guthrie Bhd will seek shareholder approval on Oct 15 for the RM418.51 million sale of 556.96 acres of freehold land in Kulai, Johor, to Sime Darby Property. The plantation group expects a net gain of RM373.36 million from the disposal.
Gamuda Bhd's FY2026 net profit rose 5% to RM1.05 billion, driven by stronger construction earnings, while property sales fell 22% to RM3.2 billion. The group's order book stood at RM61 billion as at July 31.
PropNex Malaysia aims to grow its professional network to 5,000 under its PXM5000 initiative, with about 800 negotiators already achieving six-figure sales. The expansion follows the joining of nearly 200 professionals from DreamVest Realty, bringing the nationwide network to over 2,200.
Coalfields Retail Park has welcomed over 390,000 visitors since its soft opening from Sept 10 to 16. Developer KLK Land aims for five million annual visitors and full occupancy by 1Q2027.
Karyon Industries Bhd has completed the RM8.61 million cash acquisition of a freehold detached factory on industrial land in Bandar Seri Alam, Johor. The purchase, conducted via its subsidiary Hsing Lung Sdn Bhd, was funded through internal funds and bank borrowings.
BEDI Bhd announced that its RM38.87 million acquisition of two Sabah property companies from Bedi Development Sdn Bhd became unconditional on 28 Sept 2026. The deal covers Sejati Sentral (Sandakan) Sdn Bhd and FYT Land (KK) Sdn Bhd, which own commercial and residential projects in Sandakan and Kota
Ayer Holdings Bhd has proposed to buy two adjoining freehold land parcels along Jalan Kuchai Lama, Kuala Lumpur, for RM138 million cash in a related-party transaction. The purchase price is 4.83% below the RM145 million market value assessed by CBRE WTW Valuation & Advisory. The deal requires shareh
Parkson Holdings Bhd’s Hong Kong-listed subsidiary, Parkson Retail Group Ltd, has signed a 20-year lease for about 38,511 sq m at Zijing Plaza in Mianyang, China. The lease, starting from July 2027, will see the group operate a shopping centre under the Parkson name. Rent is the higher of a guarante
Paragon Globe Bhd has substituted the purchaser for two freehold land parcels in Tanjung Kupang, Johor, under its RM398.11 million disposal, following an internal restructuring within the DayOne group. The replacement buyer, DayOne Data Centers Malaysia I Sdn Bhd, assumes all rights and obligations
Paragon Globe Bhd has received Bursa Malaysia's approval to extend the deadline for submitting its draft circular on the proposed RM127.28 million acquisition of beneficial interests in freehold land in Sedenak, Johor. The new deadline is March 10, 2027, with no changes disclosed to the deal's terms
Sunsuria Bhd has proposed selling a 45.46-acre freehold commercial land parcel in Dengkil, Sepang to Amazon Data Services Malaysia Sdn Bhd for RM316.84 million cash. The group expects a one-off net pro forma gain of RM50.34 million from the disposal, which is subject to shareholder and regulatory ap
Eskala Residence, a freehold high-rise development in Old Klang Road, Kuala Lumpur, offers 166 units with built-ups from 1,376 sq ft. Indicative prices range from RM1.11 million to RM1.58 million, with expected completion in December 2029.
Asiabina said 30% of the 383 units at One Seputeh Residences in Seputeh, Kuala Lumpur, have been taken up since its grand launch on Sept 20. The freehold, 50-storey tower is the developer's first project in the Klang Valley, and its penthouse collection is fully sold.
Perak state executive councillor Loh Sze Yee says discussions with local and foreign investors for Tanjong Malim's automotive ecosystem continue after BYD dropped plans for an assembly plant there. Loh declined to identify the parties or disclose potential investment values. Separately, Setia Awan L
Kerjaya Prospek Property Bhd has launched AndaBreeze, a freehold residential development of 1,406 units across two towers in Bandar Cassia, Batu Kawan, Penang. The project, launched on Sept 26, features built-up areas from 636 sq ft to 1,302 sq ft and over 80 lifestyle facilities.
Armani Residence Setia Alam 2 is a freehold high-rise residential development in Setia Alam, Shah Alam, offering SOHO units from RM230,000 and serviced apartments from RM786,240. The 998-unit project features a Sky Semi-D concept and is within walking distance of Setia City Mall.
Property purchases under Malaysia's MM2H programme surpassed RM5 billion from Oct 2024 to Aug 2026, contributing to RM8.85 billion in total economic value. China led applications with 3,847 of the 7,650 new applications received.
Taghill Holdings Bhd has entered into a joint venture to develop 639 apartments on a 7.94-acre freehold Malay Reservation site in Kota Bharu, Kelantan. The proposed project carries an estimated gross development value of RM191.7 million and is expected to commence by the second quarter of 2027.
Armani Group has launched Residensi Armani Putra, a 990-unit mixed development in Dengkil at the gateway to Putrajaya. The two 32-storey blocks offer SOHO units from 450 sq ft and serviced apartments up to 1,000 sq ft. Pricing starts from RM230,000, with on-site retail and Level 5 facilities.
Sunway Healthcare Holdings Bhd, through its 99.9%-owned subsidiary Sunway Medical Centre Sdn Bhd, has signed a RM10.79 million deal to acquire a 2.1-acre freehold parcel in Bandar Seremban, Negeri Sembilan. The site will be developed into a medical centre, with completion expected in Q1 2028.
Suntrack Development has launched Pangsapuri Semai, a 660-unit Rumah Selangorku (RSKU) project in Setia Alam, Shah Alam. The 35-storey tower offers units from 1,001 sq ft to 1,023 sq ft priced at RM250,000, with universal-design features for multi-generational households.
Penang expects about 70,000 sq ft of additional space for its Penang Silicon Design @5KM+ initiative to become available by early 2027 as it moves ahead with Campus II. GBS@Mayang in Bayan Baru is one location identified for the new campus, though the state has not confirmed if it will accommodate a
The upcoming Rapid Transit System (RTS) Link between Bukit Chagar, Johor Bahru, and Woodlands North, Singapore, is already shifting buyer enquiries and developer strategies in JB. Industry experts say residential property will see the earliest and broadest uplift, but caution that proximity alone do
A property expert argues that urban renewal policies must distinguish between single-owner and multiple-owner developments. Treating both categories identically risks prolonged disputes, costly litigation and public distrust, while recognising the difference can help prioritise achievable projects a
Selangor's planning department has approved Draft Amendment 3 to the Kuala Langat Local Plan 2030, pending state gazettement. The amendment rezones 601 lots across 37,073.70 acres, with Carey Island as its strategic centrepiece, positioning the island as a port-industrial platform linked to the IDRI
A Rehda Institute survey reveals a significant gap between student and employer expectations on how quickly fresh graduates can add commercial value. Half of employers surveyed expect AI to reduce entry-level roles over the next three years, while only 32.3% of employers said local universities adeq
HCK Capital Group has officially launched Perdana Peak Suites, a commercial suite development in Damansara with an estimated gross development value of RM183 million. The 333-unit project offers four suite configurations from 530 to 1,125 sq ft, targeting professionals and businesses seeking flexibl
Property developer KEB Bhd has signed an underwriting agreement with M&A Securities for its planned ACE Market debut. The IPO will involve shares offered to the Malaysian public and pink form allocations, with proceeds earmarked for land acquisition, working capital, and loan repayment.
IJM Land Bhd and Amona Group have topped out the 32-storey Riana Trees Residences condominium at Pantai Sentral Park, Kuala Lumpur, with sales take-up reaching 90%. Vacant possession is targeted for the first quarter of 2027.
EOI Sdn Bhd, a KIP Group subsidiary, will officially launch Block A of Atlas Residences in Johor Bahru on 26 Sep 2026. The block offers three-bedroom and 3+1-bedroom homes including dual-key units, with indicative prices from RM540,800.
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.
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