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Corporate : property

Sunway Posts Higher 1Q Net Profit Of RM190.55 Mln

KUALA LUMPUR, May 22 (Bernama) -- Sunway Bhd recorded a higher net profit of RM190.55 million in the first quarter ended March 31, 2025 (1Q 2025), an increase of 11 per cent from RM172.22 million in the same period last year.

ECRL Extension To Sungai Golok Would Complete Eastern ASEAN Rail Link -- DON

By Abdul Hamid A Rahman

KUALA LUMPUR, May 22 (Bernama) -- Extending the East Coast Rail Link (ECRL) from Kota Bharu to Sungai Golok would complete the missing eastern corridor of the Singapore–Kunming Rail Link (SKRL), unlocking Malaysia’s strategic potential in cross-border logistics, an expert said.

Finland Eyes Deeper Trade Ties With Malaysia, Pushes For EU-Malaysia FTA

By Zufazlin Baharuddin

KUALA LUMPUR, May 21 (Bernama) -- Finland aims to deepen economic ties with Malaysia, focusing on the circular economy, smart and sustainable energy solutions, digitalisation, and semiconductors to boost trade and investment in the region.

Gamuda's Unit Acquires 148-hectare Land In Selangor For RM248.7 Mln

KUALA LUMPUR, May 16 (Bernama) -- Gamuda Bhd’s wholly-owned subsidiary Gamuda Land (T12) Sdn Bhd is acquiring a 148.11-hectare land parcel in Kuala Langat, Selangor, for a total consideration of RM248.7 million.

Urban Renewal Act Offers Significant Benefits, Overhang Remains A Concern -- Propertyguru Malaysia

By Durratul Ain Ahmad Fuad and Nur Atiq Maisarah Suhaimi

KUALA LUMPUR, May 14 (Bernama) -- The Urban Renewal Act, expected to be tabled in Parliament this July, could bring significant benefits such as preserving heritage, revitalising communities and generating economic impact, said PropertyGuru Malaysia country manager Kenneth Soh. 

PropertyGuru Survey Reveals 77 Pct Of Malaysians Consider Climate Risks When Buying Homes

KUALA LUMPUR, May 14 (Bernama) -- Data from PropertyGuru’s 2024 survey revealed that 77 per cent of Malaysians consider climate risks when purchasing a home.

REHDA Sees Positive Impact On Housing Affordability After SPAN Revises Sewerage Charges

KUALA LUMPUR, May 9 (Bernama) -- The Real Estate and Housing Developers’ Association (REHDA) Malaysia said the revision of the Sewerage Capital Contribution (SCC) rates by the National Water Services Commission (SPAN) is expected to benefit the property development industry.

ECWI Up After Ending Agreement Limiting Its Role In Malaysian Property Sector

KUALA LUMPUR, May 2 (Bernama) -- Eco World International Bhd’s (ECWI) share price rose in the morning trading session after the company’s proposal to end a collaboration it entered into with Eco World Development Group Bhd (EcoWorld Malaysia) to explore property investment and development opportunities in Malaysia.

Sarawak's Hartanah Kenyalang Launches IPO Prospectus, Aims To Raise RM19.3 Mln

KUCHING, April 30 (Bernama) -- Hartanah Kenyalang Bhd has launched its prospectus en route to its initial public offering (IPO) on Bursa Malaysia’s ACE Market to raise RM19.3 million based on its IPO price of RM0.16 apiece.

Sime Darby Property Issues RM800 Mln Sukuk Musharakah

KUALA LUMPUR, April 29 (Bernama) -- Sime Darby Property Bhd has successfully issued RM800 million under the third issuance of the sukuk musharakah programme.

Widad's Unit To Dispose Property For RM41.50 Mln

KUALA LUMPUR, April 28 (Bernama) -- Widad Group Bhd’s wholly-owned subsidiary, Widad Builders Sdn Bhd has inked a sale and purchase agreement (SPA) with Richfield Builder (M) Sdn Bhd (RBSB) for the disposal of a property for a total consideration of RM41.50 million.

ASEAN Power Grid Set To Strengthen Regional Cooperation -- Fadillah

LONDON, April 26 (Bernama) -- The ASEAN Power Grid (APG) is a pillar that can strengthen cooperation among the bloc’s member states, according to Deputy Prime Minister Datuk Seri Fadillah Yusof.