One of Binastra Cochrane’s standout features is its direct covered link bridge to MyTOWN Shopping Centre, which also provides seamless access to Cochrane MRT Station via the shopping mall. Residents are just one MRT stop from TRX, Malaysia’s International Financial District, and only two stops from Bukit Bintang, making daily commuting exceptionally convenient.

Key Highlights

• Freehold serviced residence
• Direct covered link bridge to MyTOWN Shopping Centre
• Walking distance to Cochrane MRT Station
• One MRT stop to TRX
• Two MRT stops to Bukit Bintang
• Dual-key layouts available
• Smart home features
• Over 40 resort-style lifestyle facilities
• Panoramic Kuala Lumpur skyline views
• Future Monash University Kuala Lumpur campus nearby

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Kuala Lumpur, 29th July 2026, 01.51pm – Mah Sing Group Bhd’s wholly owned subsidiary, Elite Park Development Sdn Bhd, has been ordered to pay RM1.65 million in legal costs after the Kuala Lumpur High Court dismissed its claims against three defendants in a lawsuit that began in 2019.

In a filing with Bursa Malaysia on Tuesday, Mah Sing said the High Court, on July 24, dismissed Elite Park Development’s claims against Zulhkiple Abu Bakar, who practises under Perunding ZNA, and two other defendants.

High Court Allows Counterclaim

The court also allowed the first defendant’s counterclaim amounting to RM114,088.23.

The judgment sum will carry interest at 5% per annum from May 23, 2019, until full settlement.

According to Mah Sing, the group’s financial exposure arising from the judgment comprises:

• RM1.65 million in legal costs awarded to the defendants;
• RM114,088.23 under the allowed counterclaim; and
• Interest payable on the counterclaim as ordered by the court.

Mah Sing Expects No Material Business Impact

Mah Sing said it does not expect the High Court’s decision to have any material adverse effect on the group’s business operations or overall financial position.

The company added that Elite Park Development will continue to seek legal advice on the ruling, including evaluating the appropriate legal options available.

Mah Sing said it will make further announcements if there are any material developments regarding the case.

Lawsuit Dates Back to 2019

The legal proceedings were first announced by the company in October 2019, with subsequent updates provided in November 2019 and July 2020.

The latest Bursa Malaysia filing marks the High Court’s decision on the long-running dispute after nearly seven years of legal proceedings.

The post Mah Sing Unit Ordered to Pay RM1.65 Million in Legal Costs After High Court Dismisses Lawsuit appeared first on MET Property.

Kuala Lumpur, 24th July 2026, 02.51pm – IOI Properties Group Bhd (IOIPG) has revised its proposed real estate investment trust (REIT) exercise after an updated independent valuation increased the value of its proposed asset portfolio to RM7.664 billion, while the group also expanded the retail allocation under its proposed unit offering.

In a filing with Bursa Malaysia on Thursday, IOI Properties said the revisions affect its proposed REIT establishment, asset disposals, unit offering, listing and lease arrangements previously announced.

REIT Portfolio Valuation Increased by RM86 Million

Independent property valuer Knight Frank completed an updated valuation of the proposed REIT portfolio based on a material valuation date of May 31, 2026.

The exercise raised the portfolio’s appraised value to RM7.664 billion, representing an increase of RM86 million, or 1.1%, from the previous valuation of RM7.578 billion, which was based on Oct 31, 2025.

According to IOI Properties, the higher valuation was mainly driven by stronger market values for several flagship assets, including:

• IOI City Mall
• IOI City Towers
• PFCC Towers
• Putrajaya Marriott Hotel
• Moxy Putrajaya

The increase was partially offset by lower valuations for Courtyard by Marriott Penang and W Kuala Lumpur.

W Kuala Lumpur Valuation Adjusted

IOI Properties said the valuation of W Kuala Lumpur declined by approximately RM3 million following revised assumptions relating to a proposed lease arrangement.

The adjustment involves an additional 3,649 sq ft improvement area that is currently vacant and does not form part of the hotel’s existing strata titles.

Disposal Price Remains Below Independent Valuation

Despite the higher portfolio valuation, the proposed disposal consideration remains unchanged at RM7.578 billion.

This represents a RM86 million discount, or 1.1%, to the independently appraised value.

The proposed REIT portfolio comprises nine hospitality, office and retail assets:

• IOI City Mall
• IOI City Towers
• PFCC Towers
• Putrajaya Marriott Hotel
• Le Méridien Putrajaya
• Moxy Putrajaya
• Four Points by Sheraton Puchong
• W Kuala Lumpur
• Courtyard by Marriott Penang

Retail Investor Allocation Expanded

Separately, IOI Properties has revised the allocation of units under its proposed offering.

The company increased the allocation of Pink Form Units to 55 million units, up from 23.5 million units, by extending eligibility to selected business associates who have contributed to the group’s growth.

As a result, the allocation available to Malaysian institutional investors, selected investors and foreign institutional investors has been reduced accordingly.

The overall offering size remains unchanged at 2.2 billion units, representing 40% of the REIT’s enlarged issued units.

Following the revision:

• Retail allocation increases to 715.6 million units (13%), from 684.1 million units (12.4%)
• Institutional allocation decreases to 1.484 billion units (27%), from 1.516 billion units (27.6%)

Other Terms Remain Unchanged

IOI Properties said all other terms relating to the proposed REIT establishment, listing, asset disposal and lease arrangements remain unchanged.

The revisions are limited to the updated portfolio valuation and the allocation of units under the proposed offering.

The post IOI Properties Revises REIT Plan as Portfolio Valuation Rises to RM7.66 Billion appeared first on MET Property.

Kuala Lumpur, 21th July 2026, 12.16pm – Twelve of Malaysia’s leading property developers have been inducted into The Edge Malaysia Responsible Developer Hall of Fame 2026 during the 10th edition of The Edge Malaysia Best Managed & Sustainable Property Awards (BMSPA), recognising their long-term commitment to sustainable development, quality property management and community building.

The Hall of Fame honours previous recipients of The Edge Malaysia Responsible Developer Award, recognising developers whose projects continue to create lasting value through well-managed communities and sustainable developments.

12 Developers Recognised for Long-Term Excellence

The inaugural Hall of Fame inductees are:

• AME Development Sdn Bhd (2018)
• BRDB Developments Sdn Bhd (2026)
• Eco World Development Group Bhd (2021)
• Gamuda Land (2020)
• Matrix Concepts Holdings Bhd (2021)
• OSK Property Holdings Bhd (2026)
• Paramount Property Development Sdn Bhd (2026)
• ParkCity Group (2019)
• Sime Darby Property Bhd (2021)
• S P Setia Bhd (2018)
• Sunway Property (2019)
• Tanah Sutera Development Sdn Bhd (2020)

According to The Edge Malaysia, the accolade recognises developers that have consistently demonstrated responsible development practices, measuring success not only by completed projects but also by how their developments continue to perform and serve residents over time.

New Award Recognises Property Management Leadership

This year’s awards also introduced The Exemplary Contribution to Management Corporations Award, which honours individuals who have significantly contributed to raising standards in property management, maintenance and community living.

The inaugural recipients were Khaw Chay Tee and Datuk Angie Ng.

Property Management Begins Before Completion

Speaking during the gala dinner at Hilton Kuala Lumpur, The Edge Malaysia publisher and group CEO Datuk Ho Kay Tat said BMSPA was established to emphasise that quality property management is an essential part of the property ownership journey.

He noted that handing over the keys marks only the beginning, as buildings can remain sustainable and retain their value only through effective long-term management.

Ho added that the awards were created to challenge the perception that property management is merely an afterthought, highlighting the collective role played by developers, management teams and residents in maintaining thriving communities.

Hannah Yeoh: Build Beyond Completion

Guest of honour Federal Territories Minister Hannah Yeoh stressed that successful property management begins during the planning and design stages rather than after a project is completed.

She said every design decision carries future maintenance implications and urged developers to prioritise long-term liveability instead of focusing solely on project completion.

Yeoh also emphasised that architectural excellence alone is insufficient if residents do not feel safe or well cared for, encouraging developers to build with future generations in mind.

Record Participation at BMSPA 2026

The 2026 edition attracted a record 70 submissions, with 52 developments shortlisted across 11 award categories.

The awards cover various property segments, including:

• Residential
• Office
• Mixed Development
• Retail
• Specialised Properties
• Repurposed Properties

Each category is further divided into developments that are Below 10 Years and 10 Years and Above.

Besides the Responsible Developer Award, BMSPA also features the Editor’s Choice Awards and The Edge Malaysia-ILAM Sustainable Landscape Awards.

Overall, 36 developments were recognised this year, comprising:

• 16 Gold Awards
• 13 Silver Awards
• 3 Bronze Awards
• 4 Special Mention Awards

Editor’s Choice Winners

Projects receiving the Editor’s Choice Awards include:

• Residensi Sofiya – Excellence in Affordable Homes Management
• Mitsui Serviced Suites Bukit Bintang City Centre – Excellence in Serviced Suites Management
• Sunway Putra – Excellence in Integrated Development Management
• Wisma CIMB – Excellence in Corporate Office Transformation & Management
• Axis Aerotech Centre – Excellence in Aerotech Industrial Facility Management
• Setia Fontaines Heritage Park – Excellence in People-centred Landscape Design
• Wetlands Arboretum – Excellence in Wetland Conservation and Education

All five property developments also secured Gold Awards in their respective BMSPA categories, while Setia Fontaines Heritage Park and Wetlands Arboretum received Gold recognition under The Edge Malaysia-ILAM Sustainable Landscape Awards 2026.

Industry Collaboration

Founded in 2017, BMSPA recognises excellence in the construction, management and long-term maintenance of real estate developments.

This year’s judging panel comprised industry leaders representing REHDA Malaysia, the Singapore Association of Property and Facility Managers (APFM), Malaysian REIT Managers Association (MRMA), Building Management Association of Malaysia (BMAM), Institute of Landscape Architects Malaysia (ILAM), Malaysian Institute of Property and Facility Managers (MIPFM), alongside architects, sustainability professionals and property experts.

The awards were supported by APFM, Architect Centre, BMAM, EdgeProp Malaysia, ILAM, MRMA, REHDA and MIPFM, with the results independently audited by Deloitte Malaysia.

MetProperty Analysis

The introduction of the Responsible Developer Hall of Fame reflects a growing shift in Malaysia’s property industry from recognising successful project launches to acknowledging developers that consistently deliver long-term value.

As buyers increasingly evaluate developers based on post-completion management, sustainability credentials and community wellbeing, awards such as BMSPA are placing greater emphasis on operational excellence rather than sales performance alone.

For homeowners and investors, well-managed developments often enjoy stronger property value retention, higher resident satisfaction and lower long-term maintenance risks, making responsible development an increasingly important differentiator in today’s property market.

The post 12 Developers Inducted into The Edge Malaysia Responsible Developer Hall of Fame 2026 at BMSPA appeared first on MET Property.

Kuala Lumpur, 16th July 2026, 10.16am – Solar District Cooling Group Bhd (SDCG) has secured an RM18.5 million contract to upgrade building management systems (BMS) across railway transit stations and ancillary buildings in the Klang Valley.

In a filing with Bursa Malaysia, the company said its wholly owned subsidiary, Solar District Cooling Sdn Bhd, has accepted a letter of award from a major facility management company for the project.

Two-Year Upgrade Programme

The contract covers the design, assessment, supply, installation, testing, commissioning and migration of the Stage 2 Building Management System (BMS) upgrade.

The works will ensure compatibility with the existing Stage 1 system while integrating key building services, including:

• Environmental Control Systems (ECS)
• Fire Protection Systems
• Power Systems

The project is scheduled to run for 24 months, from July 15, 2026, to July 15, 2028.

Earnings Contribution

SDCG expects the contract to contribute positively to the group’s earnings and net assets per share from the financial year ending Dec 31, 2026, through to project completion.

The company added that the contract is not expected to have a material impact on its gearing.

Funding for the project will come from a combination of IPO proceeds, trade financing facilities and internally generated funds.

No Shareholder Approval Required

The group said the contract was secured in the ordinary course of business and does not require shareholder or regulatory approval.

It also confirmed that none of its directors, substantial shareholders or related parties has any direct or indirect interest in the contract.

Apart from normal operational and execution risks associated with engineering projects, SDCG does not expect any material risks arising from the award.

The post Solar District Cooling Wins RM18.5 Million Contract to Upgrade Klang Valley Rail Station Systems appeared first on MET Property.

Kuala Lumpur, 14th July 2026, 10.16am – The federal government has approved 46 development projects worth RM207.2 million for the Pasir Puteh parliamentary constituency in Kelantan under the 2026 development programme, with a major focus on building downstream industrial infrastructure around the East Coast Rail Link (ECRL).

Deputy Economy Minister Datuk Mohd Shahar Abdullah said the projects include land preparation and supporting infrastructure for the proposed Pasir Puteh downstream industrial area, which is expected to capitalise on the strategic location of the ECRL cargo station.

ECRL to Drive Industrial and Logistics Growth

According to Mohd Shahar, the Pasir Puteh ECRL station is being planned as part of the ECRL Integrated Land Use Master Plan (PGTA-ECRL), serving both passenger services and cargo logistics.

Its close proximity to the Tok Bali Supply Base positions Pasir Puteh to develop into a regional logistics and downstream industrial hub capable of attracting new investments and creating employment opportunities.

He said stronger integration between the rail network and maritime facilities would enhance supply chain connectivity and support long-term economic development in the region.

Development Under the 13th Malaysia Plan

The approved projects form part of the 13th Malaysia Plan (13MP), with implementation scheduled to begin this year and continue through 2030.

Mohd Shahar said the government is placing greater emphasis on developing projects that align with each region’s economic strengths.

Areas with logistics potential, such as Pasir Puteh, will receive infrastructure investments designed to support industrial growth, while tourism-focused regions will receive corresponding tourism infrastructure.

Project implementation and progress will be monitored through the MyRMK system and reported periodically to Parliament.

Strengthening Kelantan’s Investment Appeal

The downstream industrial area is expected to support businesses that benefit from improved freight connectivity via the ECRL while complementing existing activities at Tok Bali Supply Base.

The government believes the combination of rail logistics, industrial land and supporting infrastructure will improve the district’s competitiveness as an investment destination.

MetProperty Analysis

The latest allocation reflects the government’s broader strategy of using the ECRL as more than a transportation project by transforming stations into economic growth nodes.

Industrial developments located near ECRL cargo stations are expected to benefit from lower logistics costs, better connectivity and improved access to domestic and export markets.

For the property sector, infrastructure-led investment typically increases demand for industrial land, warehouses, logistics parks and commercial developments that support manufacturing and freight operations.

As the ECRL network progresses, towns such as Pasir Puteh could emerge as new industrial investment corridors, potentially creating opportunities for industrial property developers, logistics operators and supporting businesses over the coming years.

The post Government Approves RM207.2 Million for Pasir Puteh Projects to Support ECRL Industrial Hub appeared first on MET Property.

Kuala Lumpur, 09th July 2026, 12.25pm – Malaysia’s expanding data centre industry and the global artificial intelligence (AI) technology boom are expected to remain key drivers of economic growth this year, according to the International Monetary Fund (IMF).

In its July 2026 World Economic Outlook Update, the IMF maintained Malaysia’s gross domestic product (GDP) growth forecast at 4.7% for 2026, before moderating to 4.3% in 2027.

The fund said Malaysia is well positioned to benefit from continued investment in AI infrastructure, digital technology and data centres as global demand for computing capacity accelerates.

“In Malaysia, the economy is projected to grow at a rate of 4.7% in 2026, benefitting from data centre activity and the upturn in the global technology cycle,” the IMF said in its latest report.

AI and Data Centres Supporting Growth

According to the IMF, economies integrated into the global technology supply chain are expected to outperform despite ongoing geopolitical uncertainties.

Malaysia was identified as one of the world’s leading net exporters of AI-related hardware alongside South Korea, Taiwan and Thailand.

The fund said stronger-than-expected economic performance during the first quarter reflected resilient demand for AI infrastructure, semiconductor products and digital technologies.

The continued expansion of hyperscale data centres across Malaysia is also expected to support investment, employment and broader economic activity.

Global Economy Faces New Challenges

While maintaining Malaysia’s outlook, the IMF revised its global growth forecast lower.

Global GDP is expected to ease from 3.5% in 2025 to 3.0% in 2026, before recovering modestly to 3.4% in 2027.

The organisation cited escalating geopolitical tensions, higher energy prices and supply chain disruptions as key downside risks.

Inflation is also projected to remain elevated, rising to 4.7% in 2026 before easing to 3.9% in 2027, driven by higher oil, natural gas and food prices.

Continued Investment in Digital Infrastructure

Despite global uncertainties, the IMF expects countries with strong exposure to AI investment, digital infrastructure and technology manufacturing to remain relatively resilient.

The organisation encouraged governments to continue investing in:

• Digital infrastructure
• Energy security
• Artificial intelligence capabilities
• Workforce skills development
• Fiscal resilience

These measures, it said, will help economies capture long-term benefits from AI adoption while strengthening economic competitiveness.

The post IMF: Data Centres and AI Boom to Support Malaysia’s 4.7% Growth in 2026 appeared first on MET Property.

Kuala Lumpur, 07th July 2026, 03.20pm – ECM Libra Group Bhd is expanding its presence in Malaysia’s hospitality sector through a new joint venture and hotel management agreements covering two established hotel properties.

In a filing with Bursa Malaysia, the group announced that its subsidiary, Ormond Group Sdn Bhd (OGSB), will become a 50:50 joint venture following the entry of TP Real Estate Holdings Pte Ltd (TPRE), a wholly owned subsidiary of Singapore-based Plato Capital Ltd.

Under the agreement, TPRE will subscribe for 12.5 million new ordinary shares in OGSB for a cash consideration of RM100,000. Upon completion, OGSB will no longer be a wholly owned subsidiary of ECM Libra.

Hotel Management Portfolio Expands

Alongside the joint venture, OGSB has entered into hotel management agreements for two hospitality assets:

• Ormond Hotel Sandakan
• The RuMa Hotel and Residences, Kuala Lumpur

The agreements have an initial tenure of two years, with an option to renew for a further two years.

ECM Libra said the contracts are expected to generate approximately RM7.85 million in hotel management fees during the initial contract period.

Leveraging International Hospitality Brands

The joint venture allows OGSB to strengthen its hospitality portfolio by combining several recognised hotel brands.

Under the agreement, Plato Capital’s subsidiary will grant OGSB sublicence rights to operate under the Ormond and Momo’s hotel brands for as long as TPRE remains a joint venture partner.

In return, OGSB will continue to license the Tune hotel brand for use within the business.

The arrangement broadens the group’s brand portfolio while supporting future hotel management and hospitality opportunities.

Related Party Transaction

ECM Libra noted that the transaction constitutes a related-party transaction under Bursa Malaysia’s Main Market Listing Requirements due to the interests of certain directors and major shareholders.

Executive chairman Datuk Lim Kian Onn and chief executive officer Gareth Lim Tze Xiang abstained from deliberations and voting relating to the transactions.

The company said shareholder approval is not required as the highest applicable percentage ratio under Bursa’s listing requirements is approximately 4.07%.

The post ECM Libra Forms Hospitality JV to Manage Ormond Hotel Sandakan and The RuMa KL appeared first on MET Property.

Kuala Lumpur, 06th July 2026, 12.55pm – The federal government plans to accelerate the development of affordable housing for civil servants by optimising idle land owned by government agencies, Prime Minister Datuk Seri Anwar Ibrahim announced.

The initiative aims to improve access to home ownership while helping civil servants cope with rising property prices and living costs.

Speaking during the PMX Meet-and-Greet Programme in Johor, Anwar said underutilised land belonging to government agencies such as the Royal Malaysian Customs Department, Immigration Department and surplus school land could be redeveloped into affordable housing projects.

“If Customs land, Immigration land or excess school land is available, we will build affordable housing, at least for civil servants,” he said.

Optimising Government Land

According to Anwar, the initiative reflects the government’s commitment to making better use of existing public assets instead of relying solely on acquiring new land for housing development.

He said the programme has already moved beyond the planning stage, with implementation underway in several states.

Johor is among the first states to benefit from the initiative, where approximately 1,700 affordable housing units have already been approved and are currently under construction for civil servants.

Addressing Housing Affordability

The Prime Minister said affordable housing remains a priority as residential property prices continue to rise, making home ownership increasingly challenging for many public sector employees.

By repurposing idle government land, the administration aims to reduce development costs while expanding the supply of affordable homes in strategic locations.

The announcement was made during Anwar’s campaign visit ahead of the Johor state election.

MetProperty Analysis

The proposal to redevelop idle government land could unlock new opportunities for affordable housing, particularly in established urban areas where suitable land is becoming increasingly scarce.

Government-owned sites such as surplus institutional land, unused agency compounds and redundant public assets often occupy strategic locations with existing infrastructure, making them well suited for residential development.

If implemented on a wider scale, the initiative could help increase the supply of affordable homes while improving land utilisation and reducing development costs. It may also complement existing affordable housing programmes by providing additional land resources without requiring major new land acquisitions.

For the property sector, the policy signals continued government support for affordable housing as a key component of Malaysia’s long-term urban development strategy.

The post Anwar: Government to Develop Affordable Housing for Civil Servants on Idle Public Land appeared first on MET Property.

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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