News

"AEON’s filing with Bursa Malaysia states that this acquisition aligns with its strategy to grow its future retail business and expand in Seremban." KUALA LUMPUR, 5th June 2024 - AEON Co (M) Bhd (KL) is acquiring two plots of land in Seremban, Negeri Sembilan, for RM102.89 million to construct a shopping mall. The department store and shopping mall operator entered into a sale and purchase...

"The project will be developed in three phases, beginning in the third quarter of this year and concluding the first phase by the fourth quarter of 2025." KUALA LUMPUR, 4th June 2024 - Jakel Group is collaborating with PiDC Holding Bhd to develop a 51MW data centre in Cyberjaya, valued at RM1.2 billion. In a statement released on Saturday, Jakel announced its acquisition of a 40% stake in the...

"Juwai IQI's Shan Saeed highlights Malaysia's macroeconomic stability, strategic location, skilled workforce, and strong government policies as factors making it a safe haven for investors." KUALA LUMPUR, 31th May 2024 - Real estate is emerging as a new global currency in the anticipated post-pandemic stagflation, according to Juwai IQI chief economist Shan Saeed. “Production cuts, geopolitical...

"The company's revenue of RM225.0 million was primarily driven by property development, significantly boosted by project progress." KUALA LUMPUR, 30th May 2024 - Vizione Holdings Bhd (KL) has secured a RM250 million contract to build apartments in Semenyih, Selangor, in a related-party deal. In a filing with the bourse, Vizione announced that the project includes two 15-storey blocks and three...

"The company's revenue of RM225.0 million was primarily driven by property development, significantly boosted by project progress." KUALA LUMPUR, 29th May 2024 - UEM Sunrise Bhd reported sales of RM232.6 million for the first quarter of 2024 ending March 31, marking a 38% year-on-year increase, or RM64 million. In a media release, the company attributed this growth to strong demand for properties...

"UEM Sunrise Bhd's development application for Subiaco East, Perth, proposes two mixed-use residential buildings with 340 apartments, retail space, and community-focused design near Subiaco Oval." KUALA LUMPUR, 28th May 2024 - UEM Sunrise Bhd has filed a development application (DA) for its inaugural residential project in Subiaco East, Perth, Western Australia. The proposal for Lots 1 and 2 at The...

"The acquisition supports the company’s mission to construct 50,000 affordable homes across the nation by 2028." KUALA LUMPUR, 27th May 2024 - On Friday, property developer Scientex Bhd announced the purchase of 708.5 acres (286.72 hectares) of land in Southern Seberang Perai, Penang, for RM462.50 million. This acquisition is intended to expand its land bank for future mixed-use property development...

"YTL Corp's net profit rose to RM496.23 million from RM414.14 million, despite revenue decreasing to RM7.21 billion from RM7.33 billion, according to Thursday's filing." KUALA LUMPUR, 24th May 2024 - YTL Corp Bhd reported a 19.8% rise in net profit for its third financial quarter ending March 31, 2023 (3QFY2024), driven by increased earnings across all its business segments, including construction,...

"The airport is vital to fulfill the state's needs for investment, especially from Lumut Maritime Industrial City (LuMIC), which could bring in up to RM72 billion in investments over the next 25 years." KUALA LUMPUR, 23th May 2024 - The Perak state government is awaiting federal government approval for Colebrand International Ltd, a UK-based mega infrastructure engineering company, to begin a field...

"Technological advancements are transforming real estate, with smart buildings enhancing user experience, sustainability, and efficiency, says MIPFM president." KUALA LUMPUR, 21th May 2024 - The Malaysian Institute of Property and Facility Managers (MIPFM) reports that technological advancements, including artificial intelligence and advanced data analytics, are transforming the real estate industry...