News

Chin Hin Group Property Sees Strong 2026 Outlook Backed by RM2.3 Billion Unbilled Sales

"Chin Hin Group Property Bhd is optimistic about its 2026 outlook, supported by RM2.3 billion in unbilled sales, expanded landbank, and a RM3.5 billion residential development pipeline across Klang Valley and key growth areas." Kuala Lumpur, 02nd January 2026, 03.53pm - Chin Hin Group Property Bhd (CHGP) remains positive on its earnings prospects heading into 2026, underpinned by a solid RM2.3 billion...

S P Setia Launches RM343m Setia SV2 Freehold Condo in Jelutong

"S P Setia unveils Setia SV2, a RM343 million freehold residential project in Jelutong, Penang, offering 268 low-density units with green features." Kuala Lumpur, 31th December 2025, 04.50pm - S P Setia Bhd has officially launched Setia SV2, a new freehold residential development located along Lorong Slim in Jelutong, Penang, on Nov 16, 2025. With an estimated gross development value (GDV) of RM343...

Crescendo’s 3Q Profit Falls 31% as Prior-Year Data Centre Gains Fade

"Crescendo’s 3QFY2026 net profit slid 31% amid the absence of data centre land sale gains, though Johor property prospects remain positive." Kuala Lumpur, 30th December 2025, 03.00pm - Johor-based property developer Crescendo Corporation Bhd posted a 31% year-on-year decline in net profit for the third quarter ended Oct 31, 2025 (3QFY2026), largely due to the absence of one-off gains recorded in the...

Selangor’s 30% Local Content Rule to Reshape Data Centre Projects

"Selangor’s 30% local content requirement is expected to shift data centre growth towards larger, higher-value projects, favouring Tier-1 developers, says BIMB Securities." Kuala Lumpur, 29th December 2025, 04.51pm - Selangor’s newly introduced 30% local content requirement for data centres, following Johor’s stricter approval framework, is expected to result in fewer but significantly larger and...

Sapura Industrial to Sell Seremban Freehold Land for RM24.7m to Boost Working Capital

"Sapura Industrial is selling a freehold land parcel in Seremban for RM24.72 million, expecting a RM6.7 million gain to fund working capital and expansion." Kuala Lumpur, 26th December 2025, 11.00am - Sapura Industrial Bhd has entered into an agreement to dispose of its freehold industrial land in Seremban, Negeri Sembilan, for RM24.72 million in cash, with the proceeds earmarked for general working...

Penang Raises 2026 Quit Rent Rebate to 50%, Allows Appeals on New Rates

"Penang increases the 2026 quit rent rebate to 50% and introduces appeal mechanisms to ease the impact of revised land rates." Kuala Lumpur, 24th December 2025, 06.14pm - The Penang state government has approved a higher quit rent rebate of 50% for 2026, up from the previously announced 32.5%, in a move aimed at easing the financial impact of revised land rates on property owners. Chief Minister...

Citaglobal Wins RM82.7 Mil Infrastructure Contracts in Johor and Labuan

"Citaglobal secures RM82.7 million infrastructure contracts in Johor Bahru and Labuan, lifting its order book to RM1.8 billion." Kuala Lumpur, 23th December 2025, 05.30pm - Citaglobal Bhd has secured two new infrastructure contracts with a combined value of RM82.7 million, strengthening its project pipeline and expanding its presence in urban development and transport infrastructure. In a filing...

Gamuda Secures Over RM8 Bil in New Australia Contracts, Order Book Hits RM46 Bil

"Gamuda wins two new Australia contracts worth over RM8 billion, lifting its order book to a record RM46 billion." Kuala Lumpur, 19th December 2025, 11.30am - Gamuda Bhd has clinched two additional infrastructure contracts in Australia valued at more than RM8 billion, further strengthening its overseas order book and lifting total outstanding jobs to a new record. In separate filings with Bursa...

Malaysia REIT Sector Poised for Strong Growth in 2026 on New Listings

"Malaysia’s REIT sector is expected to grow in 2026, driven by new listings, asset injections and supportive interest rate conditions." Kuala Lumpur, 18th December 2025, 11.30am - Malaysia’s real estate investment trust (REIT) sector is expected to see strong expansion in 2026, underpinned by a potential wave of new listings from major property developers and continued asset injections. Analysts...

Pahang Resolves 98% of Settler Land Ownership Cases, Says Wan Rosdy

"Pahang has resolved 98% of settler land ownership issues, benefiting nearly 43,000 settlers, with remaining cases involving inheritance matters." Pahang, 17th December 2025, 03.10pm - The Pahang government has successfully resolved 98% of settler land ownership cases, marking a major milestone in addressing a long-standing issue affecting thousands of residents across the state. Pahang Menteri...

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