News

"CBRE says ageing office buildings in the Klang Valley may need refurbishment or repurposing as occupancy stays weak, with tenants favouring newer, energy-efficient offices ahead of 2026." Kuala Lumpur, 07th January 2026, 06.42pm - Older office buildings in the Klang Valley are increasingly under pressure to undergo refurbishment or be repurposed, as overall office market conditions remain subdued...

"Glomac Bhd is disposing of two leasehold industrial land parcels in Puchong to Sunway’s property arm for RM97.3 million, with proceeds earmarked for debt repayment and interest cost reduction." Kuala Lumpur, 06th January 2026, 05.35pm - Glomac Bhd has agreed to dispose of two parcels of leasehold industrial land in Puchong, Selangor, to Sunway Bhd’s property arm for RM97.3 million, with the...

"Nawawi Tie has appointed Daniel Ma as its new managing director effective Jan 1, 2026, succeeding Eddy Wong. Ma brings over 28 years of property industry experience and will lead the firm’s next growth phase across Malaysia." Kuala Lumpur, 05th January 2026, 06.30pm - Property consultancy firm Nawawi Tie has appointed Daniel Ma as its managing director, effective Jan 1, 2026. He will succeed Eddy...

"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 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 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 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 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 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 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...