News

"Berjaya Assets narrows 4Q net loss to RM1.71m on property gains and higher revenue from Times Square 2, hotels and ferry services. FY2025 revenue rose 7% to RM259m." Kuala Lumpur, 21th August 2025, 12.45pm - Berjaya Assets Bhd, the developer of Berjaya Times Square, reported a narrower net loss for the fourth quarter ended June 30, 2025 (4QFY2025), supported by accounting gains and steady revenue...

"Astaka Holdings unveils Phase 3B of One Bukit Senyum in Johor Bahru, a RM1.2b mixed-use project featuring a retail mall, five-star hotel, and branded residences near the Johor-Singapore RTS Link." Johor, 20th August 2025, 12.45pm - Astaka Holdings Ltd has launched Phase 3B of its RM3.6 billion gross development value (GDV) flagship project, One Bukit Senyum, marking a major milestone for the...

"Asian Pac Holdings acquires Salcon’s property unit PKSB for RM42 million, gaining prime land in Kampung Attap near Kuala Lumpur’s Golden Triangle. Deal to complete by Feb 2026." Kuala Lumpur, 19th August 2025, 11.10am - Asian Pac Holdings Bhd as agreed to acquire Prestasi Kemas Sdn Bhd (PKSB), a property development firm owned by Salcon Bhd, in a RM42 million cash deal aimed at expanding its...

"Chin Hin Group Property Bhd will sell four subsidiaries for RM74 million to focus on property development, boost cash flow, and fund new landbank acquisitions in high-growth areas like Klang Valley." Kuala Lumpur, 15th August 2025, 10.40am - Chin Hin Group Property Bhd will divest its commercial vehicle and bodyworks operations in a RM74 million deal, as the company shifts its focus entirely to...

"JLand Group partners with China’s ZGC International to develop Johor’s Ibrahim Technopolis and Johor-Singapore Special Economic Zone, aiming to attract global tech firms and boost high-tech investment." Kuala Lumpur, 14th August 2025, 01.30pm - JLand Group (JLG), the real estate and infrastructure arm of Johor Corporation (JCorp), has entered a three-year strategic collaboration with China’s ZGC...

"Malaysia urges ASEAN nations to adopt the CHASE City framework — a Clean, Healthy, Advanced, Safe and Eco-friendly model — to promote sustainable, liveable cities through integrated urban planning." Kuala Lumpur, 13th August 2025, 12.30pm - Malaysia has called on ASEAN member states to embrace an integrated urban planning approach through the CHASE City framework, aiming to balance environmental...

"WCT Land partners with Maybank to offer up to 120% financing for GreenRE-certified homes, making sustainable housing in KL and Johor more affordable." Kuala Lumpur, 12th August 2025, 10.39am - WCT Land Sdn Bhd, the property arm of WCT Holdings Bhd, has partnered with Maybank to roll out a financing scheme of up to 120% for buyers of its GreenRE-certified developments, aiming to make sustainable...

"Paramount Corp acquires 295.55 acres in Kulim for RM128.74m to develop a RM946m township, boosting total GDV to RM5.49b and tapping Kulim Hi-Tech Park’s growth potential." Kuala Lumpur, 11th August 2025, 11.39am - Paramount Corp Bhd has announced the acquisition of four freehold land parcels in Bandar Lunas, Kulim, Kedah, totalling 295.55 acres, for RM128.74 million. The property developer plans to...

"Malaysia’s ECRL project is 86% complete as of July 2025, with Phase 1 set for 2027 and Phase 2 for 2028. The RM10.21b rail network boosts ESG goals and cuts CO₂ by 1 million tonnes yearly." Kuala Lumpur, 08th August 2025, 02.00pm - The East Coast Rail Link (ECRL) has achieved 86.07% completion as of July 2025 and remains firmly on schedule to meet its operational deadlines, Malaysia Rail Link Sdn...

"Sultan of Pahang raises his stake in Citaglobal Bhd to 13.25% through a 15 million share off-market deal, becoming the second-largest shareholder after Tan Sri Mohamad Norza Zakaria." Kuala Lumpur, 07th August 2025, 11.55am - The Sultan of Pahang, Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah, has raised his direct stake in Citaglobal Bhd to 13.25%, following the acquisition of 15 million...