Malaysia: Kuala Lumpur and the Klang Valley, Penang, Johor and Iskandar, listed developers and the REIT market.
Avaland Bhd recorded a 41% quarter-on-quarter rise in net profit to RM17.1 million for 2QFY2026, driven by higher construction progress and new project contributions. New sales surged 46% to RM222.4 million, and the group acquired a 1.9-acre freehold site in Taman U-Thant for a luxury residential pr
Mah Sing Group Bhd reported a 9.8% rise in net profit to RM72.47 million for 2QFY2026, driven by higher property sales and progress billings. Revenue grew 16% to RM656.29 million. The group also announced the disposal of 78.8 acres of freehold land in Sepang for RM617.86 million and plans for a new
Sunway Bhd reported a 16.7% rise in 2QFY2026 net profit to RM318.59 million, driven by higher contributions from property development and investment. The group also posted a RM9.1 billion first-half gain from the revaluation of its healthcare unit upon listing.
IOI Properties Group Bhd reported net profit attributable to shareholders more than doubled to RM2.15 billion for FY2026, as revenue rose 45.1% to a record RM4.44 billion. The stronger full-year performance was driven by contributions from the consolidated South Beach office tower and JW Marriott Si
Tropicana Corp Bhd reported a 157.7% jump in second-quarter revenue to RM850.77 million, driven by three land sales in Johor Bahru and Selangor totalling RM513.8 million. Profit before tax more than doubled to RM21.88 million, but a RM39.41 million income-tax expense pushed the group to a consolidat
Chin Hin Group Bhd posted quarterly revenue of RM1.05 billion in 2QFY2026, up 10.3% year on year, driven by stronger property development and construction contributions. Property development revenue rose 38% to RM254.11 million, while construction revenue grew 26.5% to RM223.34 million.
Eco Ardence and Missi Care have signed an MoU to operate a 24-hour Care Hub at Eco Ardence's first low-rise villas in Setia Alam, Shah Alam. The hub will offer caregiver support, health assessments and emergency response, with access covered by maintenance fees.
Johor has strengthened its position as Asia Pacific’s largest data centre market by combined operational and future capacity, reaching 4,198MW overall stock in 1H2026. Malaysia leads Southeast Asia with 1,039MW under construction, of which Johor accounts for 602MW, according to Cushman & Wakefield.
Silverlake Residences, also known as Residensi SkySanctuary 2, is a new 40-storey twin-tower project in Setapak offering 830 three- and four-bedroom units from 1,200 sq ft to 1,405 sq ft. Located about 5km from KLCC, the development features open lanais and a 2.92-acre Central Park with lakeside sur
A 3,681 sq ft condominium unit at Hijauan Kiara in Kuala Lumpur changed hands for RM2.55 million, or RM693 psf. The sale, brokered by E Trend Realty, closed in mid-2026 after the unit was listed for a year. The buyer was drawn to the low-density block's private lift lobby and green views.
Sunsuria Bhd's net profit for 3QFY2026 more than doubled to RM19.02 million, driven by RM6.92 million in gains as KL City Gateway Sdn Bhd became a subsidiary. Quarterly revenue edged down 0.6% to RM176.97 million, while the group readies launches at Kwasa Damansara and its 9.66-acre KL transit-orien
MUI Properties Bhd slipped into a net loss of RM25.07 million in the fourth quarter ended June 30, 2026, hit by impairment and fair value losses and lower revenue. For the full financial year, however, net profit surged to RM83.42 million on the back of major land sales to Gamuda and Antmed.
UOA Development Bhd posted a 4.2 per cent rise in second-quarter net profit to RM95.59 million, as revenue jumped 69.9 per cent to RM221.20 million. The growth came from progressive recognition of Bamboo Hills Residences, Aster Hill, Duo Tower and Aethera Residences.
Axis-REIT has proposed to buy three adjoining industrial land parcels with warehouse properties in Taman Perindustrian Pulau Indah, Selangor, for RM61 million cash. The vendor, Megalift Sdn Bhd, will lease back the facilities for a fixed five-year term. Completion is targeted by the first quarter of
WCT Holdings Bhd posted a 4% year-on-year drop in net profit to RM14.71 million for the second quarter ended June 30, 2026, as revenue fell 33% to RM370.32 million. The decline was driven by lower contributions from its property development and engineering and construction segments.
Berjaya Property Bhd posted a RM1.80 million profit attributable to owners in 4QFY2026, reversing a year-earlier loss, while revenue edged up to RM1.92 billion. The group remained loss-making on a consolidated basis due to non-controlling interests and impairments.
IJM Corporation reported a 43.7% rise in first-quarter net profit to RM137.4 million, driven by stronger construction activity. The group declared a 10 sen per share special dividend and said its construction division will perform strongly for the rest of FY2027, backed by a RM14.5 billion order boo
Papyrus North Kiara, a freehold condominium in Kuala Lumpur’s Dutamas–North Kiara enclave, is selling units from RM738,000. Developed by Yakin Land Sdn Bhd, the 454-unit project on 4.5 acres emphasises four- and five-bedroom layouts, extensive landscaping and more than 1,300 parking bays.
A freehold shoplot at SS26, Taman Mayang Jaya in Petaling Jaya, Selangor, changed hands for RM2.55 million, or RM669.99 psf, in an April transaction. The unit was tenanted and had been on the market for a month before the buyer secured it at the stated price.
Gandingan Semangat Sdn. Bhd. has launched Taman Keladi Indah Fasa 3, a freehold landed residential development comprising 57 two-storey terrace houses and eight semi-detached homes along Jalan Panglima 3 in Bertam, Northern Seberang Perai. The project's original terrace-house pricing started at RM41
Financial independence means having the freedom to choose your path, whether retiring early or simply living without financial stress. The article offers a decade-by-decade guide for Malaysians, from building an emergency fund in your 20s to creating passive income in your 40s, with practical tips l
Jaya Grocer will be the anchor tenant at OSK Mori Park in Section 13, Shah Alam, occupying 13,813 sq ft. The integrated development's retail boulevard comprises 56 units from 226 to 8,897 sq ft, priced from RM519,800 to RM5.49 million.
ZNEN Landmark Development Sdn Bhd has launched Grains Residences, a freehold 45-storey serviced apartment development in Bandar Perda, Bukit Mertajam. The project features 401 units and 14 commercial outlets, with layouts ranging from studio to four-bedroom and dual-key configurations.
Mah Sing Group has acquired a 14.38-acre site in Ampang for RM186.17 million to develop M Araya, a serviced apartment project with an estimated GDV of RM1.92 billion. The project, the developer's third in Ampang, targets young professionals and families with units starting from RM399,000 and is slat
Rackson Group has launched Avion Residence, a freehold serviced residence development directly opposite Penang International Airport in Bayan Lepas. The project is part of the larger Penang Gateway mixed-use development and offers units from around RM342,000.
Sime Darby Property Bhd reported a net profit of RM322.04 million for the second quarter ended June 30, 2026, more than double the RM143.54 million a year earlier, driven by improved performance in property development and investment segments. Revenue rose 9.3% year-on-year to RM1.16 billion, and th
Hektar REIT is asking unitholders to approve the RM125 million acquisition of a leasehold interest in part of a freehold site in Setapak, Kuala Lumpur, housing KYS KL East International School. The deal includes existing school buildings and a new seven-storey block to be built, with the purchase pr
Mycron Steel Bhd is seeking non-interested shareholder approval to buy a 99-year leasehold industrial property in Shah Alam for RM30 million from its major shareholder Melewar Industrial Group Bhd. The 5.33-acre site in Seksyen 15 is currently rented by Mycron's subsidiary for RM175,000 a month.
Eastern & Oriental Bhd reported a 27.9% year-on-year increase in net profit to RM58.11 million for the first quarter ended June 30, 2026, driven by higher revenue recognition from its property development projects. Revenue surged 53.4% to RM281.47 million, while property sales more than doubled to R
Malaysia is prioritising talent development as its semiconductor sector moves into higher-value IC design, with Mida facilitating industry partnerships. Eighty Malaysian engineers have joined GreatAsic’s front-end design operations, reflecting the country’s transition from assembly-centric manufactu
The Kuala Lumpur High Court has held that a purchaser who acquired a strata office unit through a court-supervised judicial sale is not liable for historical maintenance charges and sinking fund arrears left by the previous proprietor. The decision, which turned on the legal character of a judicial
Sunway Construction (SunCon) has landed a RM1.18 billion (S$257 million) engineering contract from a US multinational technology company. Work begins immediately and is set for completion by March 2028. The client and project locations were not disclosed.
YTL Power International, the utilities arm of Malaysian billionaire Francis Yeoh’s YTL Corp, plans to develop a 1.2-gigawatt data centre campus at Sedenak Tech Park in Johor. The project, supported by AI chipmaker Nvidia, involves an initial land purchase of 59 hectares with an option for another 16
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.
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