News by EDGEPROP.MY

Zelan Bhd's wholly-owned subsidiary Zelan Holdings (M) Sdn Bhd (ZHSB) has entered into a debt settlement agreement with MMC Engineering Sdn Bhd to settle outstanding debts of RM5,219,415.21 via the transfer of two office units at Wisma Zelan in Bandar Tun Razak, Kuala Lumpur.

The Housing and Local Government Ministry (KPKT) is studying the introduction of an Option to Purchase (OTP) clause under the proposed Real Property Development Bill to help reduce sick, delayed and abandoned housing projects.

Premier lifestyle property developer Eastern & Oriental Bhd (E&O) has completed The Meg, its first development within the Andaman Island township, marking a milestone in the group’s vision for sustainable waterfront living in Penang.

PropNex Malaysia has been officially recognised for setting both an Asean and Asia record for organising the Largest Paid Real Estate Sales Masterclass Featuring a Millionaire Trainer Panel, achieved through its flagship training programme, Advance Sales Techniques (AST) — Millionaire Mastery.

Pavilion Real Estate Investment Trust (Pavilion REIT) recorded a stronger first quarter ended March 31, 2026 (1Q2026), posting higher distributable income and distribution per unit (DPU) on the back of improved net property income from its core retail assets.

S P Setia Bhd will unveil its Balinese-inspired enclave of freehold homes called Damaira in Setia Mayuri, Semenyih this month.

UEM Sunrise Bhd has appointed Leong Jee Van as chief property development officer (CPDO), effective May 18, as the developer strengthens execution across its core property development operations and strategic growth corridors.

Berjaya Corp Bhd has disposed of shares in two of its listed subsidiaries — Berjaya Property Bhd and Sports Toto Bhd — to its founder and major shareholder Tan Sri Vincent Tan Chee Yioun (TSVT) via direct business transactions, raising a combined RM18.76 million for working capital.

EWI Capital Bhd's investee fund has completed the acquisition of its first asset — a prime Melbourne office tower — marking a significant milestone in the Malaysian developer-turned-investment-holding company's strategic pivot towards recurring income-generating real estate.

Imperio Group has opened The Tenz Emporium in Alor Setar, with Cold Storage — operated by GCH Retail (Malaysia) Sdn Bhd — as its anchor tenant and the premium grocer's first outlet in Kedah, signalling growing retailer interest in secondary cities beyond the Klang Valley and Penang.