News

"Sunsuria reported lower 1HFY2026 earnings due to completed projects but strengthened its future pipeline through the RM2.75 billion KL City Gateway TOD acquisition." Kuala Lumpur, 26th May 2026, 2.30pm - Sunsuria Bhd reported lower revenue and earnings for the first half of its financial year ended March 31, 2026 (1HFY2026), primarily due to the completion of several key property developments that...

"Malaysia introduces the RM150 million SuRIA Home initiative, offering up to RM3,000 rebates for residential rooftop solar installations to help households reduce electricity bills." Kuala Lumpur, 22th May 2026, 2.30pm - The Malaysian government has launched the Sustainable Rebate and Incentive Assistance (SuRIA) Home programme, a new initiative aimed at helping households reduce electricity costs...

"Batu Kawan acquires 47.7% stake in MKH for RM549.8 million and launches RM2-per-share takeover offer that could lead to privatisation." Kuala Lumpur, 21th May 2026, 2.30pm - Batu Kawan Berhad is moving to acquire control of MKH Berhad in a deal valued at up to RM1.15 billion, marking one of the largest corporate exercises in Malaysia’s property sector this year. The acquisition will be carried...

"Sunway Construction posted a 56.4% rise in 1QFY2026 net profit to RM118.4 million and declared a 22.8 sen dividend. Its RM8.16 billion order book and growing data centre projects support future growth." Kuala Lumpur, 19th May 2026, 2.30pm - Sunway Construction Group Bhd (SunCon) delivered a strong start to its financial year ending Dec 31, 2026 (FY2026), reporting a substantial increase in...

"WCT wins RM152.7 million contract for Sun Yat-Sen Freeway works in Taiwan, expanding overseas construction portfolio through Kaohsiung infrastructure project." Kuala Lumpur, 18th May 2026, 6.30pm - WCT Holdings Berhad has secured a RM152.7 million infrastructure contract in Taiwan, strengthening its overseas construction portfolio through its Taiwanese subsidiary. The new project involves upgrading...

"Malton launches Mutiara Kempas in Johor Bahru with 70% take-up, benefiting from RTS Link and growing JB-Singapore commuter demand." Johor, 12th May 2026, 6.30pm - Malton Berhad has officially launched Mutiara Kempas, its first residential development in Johor Bahru, achieving a 70% take-up rate since its market preview in April. Located in Kempas, the freehold serviced apartment project carries a...

"Malaysia’s luxury property market remains resilient in 2026 as strong demand from foreign buyers and affluent locals supports premium home sales." Kuala Lumpur, 11th May 2026, 3.30pm - Malaysia’s property developers continue to see strong momentum in the high-end residential segment, supported by resilient demand for luxury homes despite recent geopolitical tensions in the Middle...

"KPKT is studying an Option to Purchase clause under the proposed Real Property Development Bill to reduce abandoned and delayed housing projects in Malaysia." Kuala Lumpur, 08th May 2026, 3.30pm - The Ministry of Housing and Local Government Malaysia is evaluating the introduction of an Option to Purchase (OTP) clause under the proposed Real Property Development Bill as part of broader reforms aimed...

"S P Setia is launching Damaira at Setia Mayuri, Semenyih, featuring 54 freehold semi-detached homes with prices from RM1.47 million and a GDV of RM87.9 million." Kuala Lumpur, 7th May 2026, 2.30pm - S P Setia Bhd is set to introduce Damaira, a new collection of freehold semi-detached homes within its Setia Mayuri township in Semenyih, offering a low-density residential enclave inspired by Balinese...

"118 Mall will open this August at Merdeka 118 with over 300 retail outlets, Malaysian Artisan District, Makanizm Food Hall and major brands already committed." Kuala Lumpur, 6th May 2026, 2.30pm - 118 Mall is scheduled to open its doors this August, marking a major milestone in the development of the Merdeka 118 precinct and introducing a new retail, dining and lifestyle destination beneath the...