News by EDGEPROP.MY

Paragon Globe Bhd (PGB) is positioning itself to capitalise on Johor's next phase of growth, underpinned by the Johor-Singapore Special Economic Zone (JS-SEZ), the Johor Bahru-Singapore Rapid Transit System (RTS) Link, expanding industrial activity and rising demand for digital infrastructure and data centres, as it broadens its business beyond property development into a stronger recurring-income platform.

Axis Real Estate Investment Trust (Axis REIT) is expanding its industrial portfolio with a RM113 million acquisition in Kedah, the latest in a series of acquisitions and development projects that strengthen its presence across Malaysia's manufacturing and logistics corridors.

Axis Real Estate Investment Trust (Axis REIT) reported slightly lower earnings for the second quarter ended June 30, 2026 (2QFY2026), as lower occupancy across parts of its portfolio and higher one-off property expenses weighed on performance, while declaring a second interim income distribution of 2.30 sen per unit.

YTL Hospitality REIT posted a 62.1% increase in net profit for the financial year ended June 30, 2026 (FY2026), driven by higher net property income (NPI), fair value gains on investment properties and lower finance costs.

EcoFirst Consolidated Bhd's net profit fell 96.6% to RM485,000 for the unaudited fourth quarter ended May 31, 2026 (4QFY2026), as lower revenue recognition from its KL48 condominium project in Sungai Besi offset steady contributions from its property investment segment.

Econpile Holdings Bhd said its wholly owned subsidiary, Econpile (M) Sdn Bhd, has secured a RM39.52 million subcontract from WCT Construction Sdn Bhd for earthworks, bored piling and sub-structure works at a proposed commercial development in Jalan Awan Besar, Kuala Lumpur.

IOI Properties Group Bhd will bring Puchong's first internationally branded five-star hotel to its RM12 billion IOI Rio City development, as the property developer expands its investment property and hospitality portfolio to strengthen recurring income.

Homeownership among Malaysia's middle-income (M40) households fell below that of the lower-income B40 group in 2024 despite the country's record-high overall homeownership rate, prompting calls for more data-driven housing policies and stronger coordination across government agencies.

Compugates Holdings Bhd said it filed for leave to appeal to the Federal Court in a legal dispute involving its joint venture with Main Uptown Sdn Bhd to develop a mixed development in Dengkil, Selangor.

Kerjaya Prospek Property Bhd (KPPROP) has outlined a serviced apartment development pipeline with an estimated gross development value (GDV) of about RM2 billion over the next one to two years, backed by a 60-acre strategic landbank with an estimated GDV of RM3.8 billion, according to its FY2026 annual report filed with Bursa Malaysia.