Kuala Lumpur, 03rd July 2026, 02.20pm – TWL Holdings Bhd has provided additional information to Bursa Malaysia regarding the mutual termination of three long-running joint venture agreements (JVAs) in Klang, revealing that RM1.8 million in consideration payments remains outstanding and is scheduled to be refunded by June 2027.

The clarification follows Bursa Malaysia’s request for further details after TWL announced the termination of the agreements involving its wholly owned subsidiary, TWL Builders Sdn Bhd, and three landowners — Pentas Irama Sdn Bhd, Elitprop Sdn Bhd and Greatprop Development Sdn Bhd.

RM1.8 Million to Be Refunded

According to TWL, its subsidiary had paid RM600,000 to each joint venture partner under the respective agreements.

The combined RM1.8 million remains outstanding and will be repaid by June 28, 2027, in accordance with the mutual termination agreements signed on June 29, 2026.

The company said the 12-month repayment period was mutually agreed after considering the counterparties’ financial commitments and cash flow requirements.

The agreements do not impose penalties or interest should repayment be delayed. However, if the refunds are not made by the agreed deadline and no extension is negotiated, TWL Builders may pursue its legal rights under the agreements and applicable law.

Projects Failed to Meet Completion Timeline

TWL said each joint venture required the proposed developments to be completed within two years of obtaining layout plan approval or within an extended completion period agreed by both parties.

The projects remained incomplete after the extended deadlines expired, prompting both parties to mutually terminate the agreements.

The terminated projects involved residential and commercial developments on three land parcels in Mukim Klang, Selangor.

Development Costs Already Reimbursed

The company also disclosed that development-related expenses incurred during the projects had already been reimbursed by the respective landowners.

The reimbursed amounts were:

• RM11.19 million for the Elitprop project.
• RM4.86 million for the Pentas Irama project.
• RM3.93 million for the Greatprop project.

TWL added that various development approvals, including development orders and land conversion approvals, had been obtained during the life of the projects.

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Kuala Lumpur, 02nd July 2026, 01.50pm – Data centres are expected to account for nearly one-third of Malaysia’s electricity consumption by 2035 as rapid growth in artificial intelligence (AI), cloud computing and digital infrastructure continues to reshape the country’s energy landscape.

According to the Ministry of Energy Transition and Water Transformation, electricity usage by data centres is projected to reach 73,274 gigawatt-hours (GWh) by 2035, representing approximately 33% of Malaysia’s projected electricity supply.

Currently, data centres consume around 10,544 GWh, or about 7% of the nation’s electricity demand.

AI Boom Driving Higher Power Demand

Energy Transition and Water Transformation Minister Datuk Seri Fadillah Yusof said the rapid expansion of AI and data centre investments is significantly increasing peak electricity demand across Peninsular Malaysia.

In a written parliamentary reply, he said peak demand is expected to grow at a compound annual growth rate (CAGR) of 5.1% between 2026 and 2035.

Peak electricity demand is projected to increase from 21.3 gigawatts (GW) in 2026 to 33.5GW by 2035.

Government Strengthening Power Supply

To ensure electricity reliability, the government and the Energy Commission are implementing several measures to expand generation capacity and improve grid resilience.

These include:

• Extending the operating life of selected thermal power plants as a short-term measure.
• Conducting competitive bidding to develop additional gas-fired power generation capacity.
• Expanding renewable energy supply through the Corporate Renewable Energy Supply Scheme (CRESS).
• Supporting additional large-scale solar (LSS) projects.

The government is also encouraging data centre operators to generate part of their own electricity requirements instead of relying entirely on the national grid.

According to Fadillah, greater use of self-generated power can help reduce pressure on the electricity network while improving overall grid stability.

Stricter Screening for New Data Centres

The government has also strengthened its approval process for new data centre developments through the Data Centre Task Force.

Fadillah said all new applications, including proposals to expand existing facilities, are assessed based on available grid capacity to ensure electricity supply remains secure.

He added that approvals will only be granted where developments are compatible with local power infrastructure planning and do not compromise the reliability of the national electricity system.

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The development comprises a collection of modern residences ranging from 485 sq. ft. studios to spacious 3-bedroom units of up to 1,300 sq. ft., catering to young professionals, investors, couples and growing families. With prices starting from approximately RM690,000, Parkside Residences provides buyers with a variety of layout options to suit different lifestyles and budgets.

One of the project’s strongest selling points is its direct covered sky bridge to Bangsar LRT Station, allowing residents to enjoy effortless access to Kuala Lumpur’s rail network, nearby restaurants, retail outlets and everyday conveniences without worrying about weather conditions. This Transit-Oriented Development (TOD) concept significantly enhances daily connectivity and supports a car-lite urban lifestyle.

Complementing its strategic location is a 5-acre Central Urban Park situated immediately beside the development. The expansive green space creates a rare parkside living environment within Kuala Lumpur city, offering residents a tranquil retreat for recreation, relaxation and outdoor activities while remaining close to the city’s commercial centres.

To enhance everyday comfort, selected units are delivered with approximately 80% branded fittings and furnishings, enabling buyers to move in with minimal renovation work. Residents also enjoy access to a comprehensive range of resort-style wellness facilities, including swimming pools, fitness spaces, landscaped gardens, social lounges and recreational areas designed to promote healthy, balanced living.

Key Highlights

• Part of the 52-acre Setia Federal Hill integrated township
• Prime Jalan Bangsar location
• Transit-Oriented Development (TOD)
• Direct covered sky bridge to Bangsar LRT Station
• 5-acre Central Park at its doorstep
• Premium retail boulevard within the township
• Concierge-inspired lobby services
• Sky facilities with panoramic city views
• Lifestyle amenities across multiple facility floors

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Kuala Lumpur, 01st July 2026, 03.00pm – Tropicana Corp Bhd is accelerating its diversification strategy by expanding beyond traditional township development into hospitality and recurring income assets, with the launch of Malaysia’s first Accor-branded condotel at Genting Highlands.

The developer said the initiative forms part of its long-term plan to strengthen earnings resilience by integrating professionally managed hospitality offerings into selected developments across its portfolio.

The first project under this strategy is Mercure Living Genting Highlands, which will be integrated into TwinPines Serviced Suites at Tropicana Grandhill, a wellness-focused development within the 596-acre Tropicana WindCity township.

Strengthening Recurring Income

Tropicana Group chief executive officer Dennis Ng said the company is evolving its business model to complement property development with sustainable recurring income streams.

He said professionally managed hospitality assets can enhance the long-term value of integrated townships while creating additional revenue opportunities beyond conventional property sales.

The project is being developed in partnership with global hospitality operator Accor and is scheduled to open in 2028.

Malaysia’s First Accor-Branded Condotel

With a gross development value (GDV) of RM1.06 billion, Mercure Living Genting Highlands will comprise 1,443 fully furnished units supported by hospitality facilities including:

• An all-day dining restaurant
• Executive lounge
• Heated swimming pool
• Fitness centre
• Multipurpose hall

According to Tropicana, the development has achieved an 88% sales take-up rate, while construction has reached approximately 30%.

Under Accor’s management platform, owners will have access to professional rental and leasing management services, the global reservation network and the ALL — Accor Live Limitless loyalty programme.

Purchasers will also receive automatic Gold membership under the programme, providing benefits across Accor’s worldwide hotel portfolio.

Expansion Beyond Genting Highlands

Tropicana managing director of marketing, sales and business development Ixora Ang said demand for professionally managed properties continues to grow as buyers increasingly seek investment opportunities offering rental potential and long-term value.

The developer also indicated that the hospitality-led development model could be expanded to other tourism-focused destinations within its landbank, including Johor and Langkawi.

Supporting the strategy are Tropicana’s digital platforms, T360 and T Journey, which provide property management, maintenance services, rental management and lifestyle benefits for homeowners.

MetProperty Analysis

The partnership reflects a broader shift among Malaysian developers toward recurring income businesses as traditional property sales become increasingly cyclical.

Branded residences and condotels combine property ownership with professional hotel management, allowing developers to generate ongoing management-related revenue while offering buyers a professionally operated investment asset.

With tourism gradually strengthening and branded residential developments gaining popularity across Asia, hospitality-integrated projects are becoming an increasingly important product segment for developers seeking to diversify beyond one-off property sales.

If successful, Tropicana’s model could pave the way for similar hospitality partnerships across its future township developments, particularly in destinations with strong tourism and lifestyle appeal.

The post Tropicana Expands into Hospitality with Malaysia’s First Accor-Branded Condotel appeared first on MET Property.

Kuala Lumpur, 30th June 2026, 02.45pm – TWL Holdings Bhd has officially terminated three long-standing joint venture agreements (JVAs) involving proposed residential and commercial developments in Klang, bringing projects first initiated more than a decade ago to a close.

In separate filings with Bursa Malaysia, the group said its wholly owned subsidiary, TWL Builders Sdn Bhd (formerly Tiger Synergy Development Sdn Bhd), and the respective landowners had mutually agreed to terminate the agreements with immediate effect.

The affected projects involve three land parcels in Mukim Klang, Selangor, under agreements signed between 2013 and 2014 with Greatprop Development Sdn Bhd, Elitprop Sdn Bhd and Pentas Irama Sdn Bhd.

Projects No Longer Viable

According to TWL, the developments were originally intended to deliver residential and commercial projects that would contribute positively to the group’s long-term earnings and cash flow.

Under the agreements, each development was required to be completed within two years after layout plan approval, unless an extension was mutually agreed upon.

However, the extended completion periods have since expired, making it impossible for the parties to fulfil the contractual obligations.

As a result, both TWL and the respective landowners agreed that terminating the joint ventures was the most appropriate course of action.

Refunds to Be Made

Following the termination, TWL said all consideration previously paid by its subsidiary to each landowner will be refunded in accordance with the terms of the agreements.

The company added that the termination agreements do not involve any additional penalties, break fees or forfeiture of deposits.

No Material Financial Impact

TWL said the mutual terminations are not expected to have any material impact on the group’s earnings per share, net assets, gearing, paid-up capital or substantial shareholders’ interests.

The board of directors also stated that the decision is in the company’s best interests and does not require approval from shareholders or regulatory authorities.

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Kuala Lumpur, 29th June 2026, 01.30pm – Prime Minister Datuk Seri Anwar Ibrahim has announced that 50 acres of land within the Bandar Malaysia development will be gazetted as Malay Reserve Land, describing the move as an important step to safeguard Bumiputera interests while ensuring the long-term success of the landmark project.

Speaking at the National Convention of the Syariah Legal Profession 2026, Anwar said the decision required careful consultation and political consensus given the strategic value of the land.

According to the Prime Minister, the 50-acre parcel carries exceptional value due to its location within Bandar Malaysia.

He noted that the land’s value is comparable to approximately 5,000 acres in Kedah, underscoring the significance of the government’s decision.

Government-Owned Land

Anwar stressed that the move does not involve acquiring land from any community, as the site is already owned by the Federal Government.

He explained that the 480-acre Bandar Malaysia project was taken back by the government after the previous development plan failed to proceed and is now jointly managed by Khazanah Nasional Bhd and Petroliam Nasional Bhd (PETRONAS).

The Prime Minister added that leaders from various communities had been briefed on the rationale behind the decision to minimise misunderstandings and facilitate implementation.

Part of the Bandar Malaysia Master Plan

The Ministry of Finance previously said further studies are being undertaken to ensure the proposed Malay Reserve Land aligns with Bandar Malaysia’s vision as an international business hub.

Among the planning principles being considered are:

• Clustered residential areas close to community facilities such as mosques.
• Integrated mixed-use development aligned with the Malaysia Madani framework.
• Potential cultural and heritage tourism attractions highlighting Malay history and identity.

Bandar Malaysia is being developed on the former Royal Malaysian Air Force base in Sungai Besi and has an estimated gross development value (GDV) of RM140 billion, making it one of Malaysia’s largest urban regeneration projects.

MetProperty Analysis

The gazettement of 50 acres as Malay Reserve Land introduces a new planning component within Bandar Malaysia while leaving the broader mixed-use masterplan intact.

Rather than reducing the project’s strategic importance, the decision reflects the government’s intention to balance economic development with social and policy objectives.

For property investors and market observers, the key consideration will be how the reserved land is ultimately integrated into the wider township, particularly as Bandar Malaysia is expected to become a major international business district featuring commercial, residential, transport and lifestyle components.

As planning progresses, further details on land use, development density and implementation timelines are likely to shape market sentiment toward one of Kuala Lumpur’s most significant redevelopment projects.

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Kuala Lumpur, 26th June 2026, 03.50pm – S P Setia Bhd has successfully renewed the Green Building Index (GBI) Platinum certification for its corporate headquarters in Setia Alam, reinforcing its position among Malaysia’s highest-performing sustainable buildings.

The headquarters achieved a score of 94 out of 100 under the Green Building Index’s Non-Residential New Construction (NRNC) category, maintaining the highest level of certification available under Malaysia’s national green building rating system.

According to S P Setia, only 32 of approximately 800 GBI-certified buildings nationwide currently hold Platinum status, representing about 4% of all certified buildings.

Recognition for Long-Term Building Performance

Unlike initial green building certifications awarded upon project completion, renewal reflects a building’s continued operational performance over time.

The GBI assessment evaluates buildings across several sustainability criteria, including energy efficiency, indoor environmental quality, water efficiency, sustainable site planning and materials management.

Maintaining a Platinum certification indicates that the building continues to meet stringent environmental performance standards through ongoing management and operational practices.

S P Setia president and chief executive officer Datuk Zaini Yusoff said the renewal validates the company’s continued commitment to maintaining high environmental standards at its corporate headquarters.

He added that the recognition reflects the group’s broader approach to incorporating measurable sustainability practices across the developments it builds, manages and occupies.

Sustainable Features

According to the developer, Setia HQ incorporates a range of sustainability initiatives designed to improve environmental performance and resource efficiency.

These include the use of recycled and regionally sourced construction materials, effective construction waste management practices, rainwater harvesting systems, water-efficient fittings, leak detection technology and water monitoring systems.

The building also features extensive landscaping with native and adaptive plant species, alongside open spaces, access to public transport and facilities supporting green mobility, including electric vehicles.

About the Green Building Index

The Green Building Index (GBI) is Malaysia’s recognised green rating tool for buildings and townships.

Administered by Greenbuildingindex Sdn Bhd, the certification assesses environmental performance across residential, commercial and institutional developments to encourage sustainable design, construction and long-term building operations.

The post S P Setia HQ Retains GBI Platinum Status Among Malaysia’s Top Green Buildings appeared first on MET Property.

Kuala Lumpur, 25th June 2026, 02.10pm – OSK Property has announced a collaboration with IKEA Malaysia, CUCKOO Malaysia and Samsung Malaysia to provide homeowners with access to home furnishing solutions and household appliance packages aimed at improving convenience and everyday living.

The initiative is designed to help purchasers furnish and equip their homes with selected products and appliances while offering greater flexibility in managing household setup costs.

According to OSK Property, the collaboration brings together three established brands to provide homeowners with practical solutions for creating functional and comfortable living spaces.

Appliance Packages with Flexible Payment Options

Under the partnership, CUCKOO Malaysia and Samsung Malaysia will introduce exclusive appliance bundles for OSK Property customers.

The packages include selected household products such as Samsung refrigerators, washing machines and smart televisions, as well as CUCKOO water purifiers and air purifiers.

To improve affordability, the appliance bundles will be made available through a five-year rental plan, offering homeowners an alternative to purchasing appliances outright and reducing initial move-in expenses.

The programme will be available to both new and existing purchasers across OSK Property developments.

Benefits for Selected Projects

In addition to the appliance packages, selected CUCKOO and Samsung products will be offered as guaranteed gifts and lucky draw prizes for purchasers at participating developments.

Projects involved in the initiative include:

• NARA at OSK Shorea Park
• Hana Hills
• OSK Areca
• Iringan Bayu
• OSK Mori Park
• Ayra & Sierra at OSK Yarra Park
• Taman Lang Aman

OSK Property chief executive officer Chu Wai Lune said the collaboration supports the company’s goal of creating homes that prioritise functionality, comfort and wellness.

He noted that the partnership combines practical home solutions with affordability, helping purchasers establish comfortable living environments from the time they move in.

Growing Focus on Move-In Ready Living

The collaboration reflects a growing trend among developers to offer value-added services that extend beyond property ownership.

As homebuyers face rising furnishing and renovation costs, developers are increasingly exploring partnerships that provide easier access to furniture, appliances and lifestyle solutions that simplify the transition into a new home.

MetProperty Analysis

Today’s homebuyers are looking beyond location and property specifications when evaluating a purchase. Convenience, affordability and move-in readiness are becoming increasingly important factors, particularly among first-time buyers and young families.

Partnerships involving furniture and appliance providers allow developers to differentiate their projects while helping homeowners reduce the financial burden associated with furnishing a new home.

As competition in the residential market intensifies, value-added lifestyle offerings could become a more common feature in future property developments, especially in the mid-market segment where affordability remains a key consideration.

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Kuala Lumpur, 24th June 2026, 02.10pm – Selangor Industrial Corporation Sdn Bhd (SIC), a subsidiary of Perbadanan Kemajuan Negeri Selangor (PKNS), has partnered with Data Centre Union Sdn Bhd (DC Union) to develop a RM2.5 billion data centre project in Cyberjaya.

The proposed facility will have a capacity of 65 megawatts (MW) and marks PKNS’ first entry into the data centre sector as the state agency expands into high-growth digital infrastructure assets.

The project will be undertaken through SIC Quantum Data Centre Sdn Bhd (SQDC), a joint venture between SIC and DC Union.

Under the collaboration, SIC will contribute its Cyberjaya landbank and development expertise, while DC Union will provide technical capabilities, funding and operational know-how.

Focus on AI Talent Development

Apart from building digital infrastructure, the partnership also aims to strengthen Malaysia’s technology talent pipeline.

According to the companies, the initiative targets the training of at least 500 Nvidia-certified engineers annually to support increasing demand for artificial intelligence, cloud computing and data centre operations.

The facility will utilise full immersion cooling technology, which is designed to improve energy efficiency compared with conventional cooling systems.

SIC group chief executive officer Saharom Mohni said the project supports the Selangor Smart State agenda by providing secure and resilient digital infrastructure for both public and private sector users.

Meanwhile, DC Union chief executive officer Tecsun Yeep said the collaboration could further strengthen Malaysia’s position as a regional AI and digital infrastructure hub.

Previous Cyberjaya Project

The latest venture comes about 10 months after SIC withdrew from an earlier joint venture with Silver Ridge Holdings Bhd to develop six data centres in Cyberjaya.

At the time, SIC said the project could not proceed because several land-related approvals and documentation requirements involving the proposed site had not been obtained.

Expanding Malaysia’s Digital Infrastructure Ecosystem

According to records from the Companies Commission of Malaysia, DC Union is involved in data hosting infrastructure, data processing and ICT security services.

The company is jointly owned by VJVS Group Sdn Bhd and Robust HPC Sdn Bhd.

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Kuala Lumpur, 23th June 2026, 02.10pm – The Ministry of Housing and Local Government (KPKT) has allocated RM1.08 billion to Johor over the past four years to support upgrading, repair and maintenance works involving public infrastructure, community facilities and housing projects.

Housing and Local Government Minister Nga Kor Ming said the allocation, channelled since 2022, reflects the Madani government’s commitment to ensuring balanced and inclusive development across Johor.

According to Nga, the funding was implemented through KPKT’s annual Sentuhan Kasih programme, which focuses on identifying local needs and addressing issues faced by communities through direct engagement.

He said the ministry has conducted more than six official working visits to Johor over the past four years, allowing federal agencies to assess local concerns and monitor the delivery of assistance on the ground.

Nga added that the achievement also reflects close cooperation between the Federal Government and the Johor state administration in ensuring projects are implemented efficiently and deliver meaningful benefits to residents.

As part of the KPKT Sentuhan Kasih Johor 2026 programme, Johor Menteri Besar Datuk Onn Hafiz Ghazi is scheduled to join the minister during a visit to the Taman Ungku Tun Aminah flats in Skudai, where additional allocations will be announced for the upgrading of the more than 40-year-old housing scheme.

The two-day programme, which runs from Thursday to Friday, will cover 13 locations across Johor and forms part of the ministry’s continued efforts to engage residents and address local issues.

Supporting Johor’s Growth

Nga said Johor’s position as one of Malaysia’s major economic gateways requires quality housing, public facilities and urban infrastructure to support future growth.

He noted that as Johor continues attracting investments and strengthening its role as a regional economic hub, residents should also benefit from improved living environments and better public amenities.

MetProperty Analysis

The RM1.08 billion allocation highlights the increasing importance of urban renewal and ageing housing upgrades in mature townships across Johor.

As the state continues to attract investment through initiatives such as the Johor-Singapore Special Economic Zone (JS-SEZ), maintaining older public housing and improving infrastructure will become increasingly important to ensure inclusive growth.

Beyond new developments, the upgrading of existing communities is expected to play a larger role in enhancing liveability and supporting Johor’s long-term urban development agenda.

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