"Matrix Concepts’ founder transfers 10 million shares to son Kelvin Lee, marking a new phase in leadership and growth for the property developer." Kuala Lumpur, 03rd Octorber 2025, 01.49pm - Matrix Concepts Holdings Bhd founder and group executive deputy chairman Datuk Seri Lee Tian Hock has transferred 10 million shares in the property developer to his son, group executive director Kelvin Lee Chin...
"Majestic Yu in Seremban achieves 80% take-up since June launch, offering terraced and semi-detached homes priced from RM250,000." Kuala Lumpur, 02nd Octorber 2025, 12.49pm - Majestic Gen Sdn Bhd’s latest landed residential project, Majestic Yu, has achieved an 80% take-up rate just three months after its launch in June, the developer announced on Wednesday. Built on a 9.3-acre site with a gross...
"OSK acquires 3.3-acre land in Subang Jaya from Tropicana for RM44m to develop RM427m serviced apartments under Tropicana Metropark." Kuala Lumpur, 01st Octorber 2025, 11.58am - OSK Holdings Bhd has announced the acquisition of a 3.3-acre parcel of land in Subang Jaya from Tropicana Corp Bhd for RM44.34 million, with plans to develop serviced apartments valued at RM427 million. The purchase was made...
"Sarawak prepares for Northeast Monsoon 2026 with 7,000 personnel, 20,000 volunteers, and 12,000 assets to tackle floods and protect communities." Sarawak, 30th September 2025, 10.15am - Sarawak is on high alert as the state prepares for the Northeast Monsoon (MTL) season, expected to take place between November 2025 and March 2026. Authorities have mobilised more than 7,000 frontline personnel, over...
"Malaysia launches pilot residential solar project with Sime Darby and TNB under the CREAM programme, supporting the NETR goal of 70% renewable energy by 2050." Kuala Lumpur, 29th September 2025, 11.43am - The Energy Transition and Water Transformation Ministry has launched a pilot residential solar project under the Community Renewable Energy Aggregation Mechanism (CREAM), marking a new step in...
"Ireka Corp faces Oct 3 trading suspension and possible delisting as Bursa rejects appeal; company disputes Pan Borneo project termination and defaults on loans." Kuala Lumpur, 26th September 2025, 01.24pm - Trading in Ireka Corp Bhd will be suspended from Oct 3, after Bursa Malaysia Securities dismissed the construction firm’s appeal for more time to submit its regularisation plan. In a filing on...
"Sentral REIT CEO Teh Wan Wei resigns to pursue new opportunities; successor to be named soon as Q2 income and revenue show slight decline." Kuala Lumpur, 25th September 2025, 01.00pm - Sentral REIT announced that its chief executive officer, Teh Wan Wei, has resigned from his position at Sentral REIT Management Sdn Bhd with immediate effect. In a filing to Bursa Malaysia, the REIT said Teh, who is...
"Malaysia’s housing market slows in 2025 as unsold affordable homes rise, with Rehda citing price mismatch, loan rejections, and SST concerns." Kuala Lumpur, 24th September 2025, 10.53am - Malaysia’s housing market remained subdued in the first half of 2025, with unsold affordable homes continuing to pose a challenge, according to the Real Estate and Housing Developers’ Association (Rehda). At...
"SP Setia appoints Tan Hwa Min as deputy CEO and Datuk Yuslina Mohd Yunus as COO, strengthening its leadership team for future growth." Kuala Lumpur, 23th September 2025, 12.28pm - SP Setia Bhd has announced key leadership changes with the appointment of Tan Hwa Min as deputy chief executive officer (CEO) effective Nov 17, and Datuk Yuslina Mohd Yunus as chief operating officer (COO) effective Oct 1....
"M40 homebuyers in Malaysia face rising loan rejections, with 16–30% of applications for RM300k–RM500k homes denied, says Rehda 2025 survey." Kuala Lumpur, 22th September 2025, 11.26am - Middle-income households (M40) are facing mounting challenges in owning homes, as bank loan rejections remain highest for properties priced between RM300,001 and RM500,000 — a segment largely targeted at...
