News by EDGEPROP.MY

For IGB Bhd, the Ministry of Economy’s approval of its RM214.97 million land acquisition this week represents more than a regulatory milestone — it completes a multi-year land aggregation strategy around its flagship Mid Valley Southkey development in Johor Bahru.

As of September 2025, the Northern Corridor Economic Region (NCER) has realised RM58.39 billion in investments across the region, creating nearly 16,000 job opportunities. Kedah accounts for RM14.94 billion of these realised investments, generating 2,566 jobs to date.

According to Malaysian Investment Development Authority (Mida), in 2024, Penang’s E&E sector accounted for 45% (RM7.8 billion) of total approved manufacturing investments, and in 1H2025, it rose to 53% (RM6.6 billion).

Johor’s role as Malaysia’s fastest-growing investment corridor is beginning to reshape how property developers deploy capital.

Overall, the semiconductor industry is establishing itself as a vital part of Malaysia’s economy, accounting for about 40% of the country’s E&E exports. Its stability and growth support the overall national economic momentum, which in turn underpins a more resilient property market, particularly the industrial segment.

Gamuda Bhd shares fell to an 11-month low on Monday (March 9), dropping 6.3% to RM3.89 in early trade after the group reported weaker-than-expected first-half earnings on March 6.

Suria KLCC is marking Hari Raya Aidilfitri with a heritage-themed campaign featuring traditional crafts, cultural performances and a festive installation, with the mall’s Centre Court transformed into a bougainvillea garden display.

Asian Pac Holdings Bhd’s grand preview of Dwi Aurora at the Surya PJ township over the weekend drew strong interest from prospective buyers, offering an early look at the developer’s concept within the master planned development.

Mah Sing Group Bhd’s M Aspira serviced residence project in Taman Desa is nearly 85% sold, as the developer hosted a Chinese New Year open house at the project’s sales gallery on Saturday (March 7).

Heng Guan Development (HGD) has broken ground on the Balik Pulau Commercial Centre (BPCC), a boutique commercial development comprising 13 two-storey shop offices with built-ups ranging from 2,800 to 3,802 sq ft.