News by EDGEPROP.MY

The Real Estate and Housing Developers' Association Malaysia (Rehda) has expressed appreciation to the Ministry of Housing and Local Government (KPKT) for its continued commitment to supporting the housing industry through Inisiatif Simen Rahmah amid rising construction material costs and ongoing global economic pressures.

IGB Bhd posted a profit before tax (PBT) of RM621.47 million for the first quarter ended March 31, 2026, surging 219% from RM194.78 million in the corresponding quarter of 2025, primarily driven by a one-off gain from the strategic divestment of UK-based hotel assets and robust performance across its core property investment and hotel segments.

UEM Sunrise Bhd maintained profitability in the first quarter ended March 31, 2026, posting a profit before tax (PBT) of RM22.49 million and revenue of RM347.71 million, as its property development segment recorded a strong 24% revenue increase driven by improved sales and construction progress from key Central region projects.

S P Setia Bhd posted a profit before tax (PBT) of RM108 million and revenue of RM826 million for the first quarter ended March 31, as the group continued its debt reduction drive, trimming borrowings by RM500 million and improving its net gearing ratio to 0.31 times from 0.33 times at end-2025.

UDA Holdings Bhd (UDA) has launched its latest housing project, Residensi Mutiara in Johor, offering freehold townhomes priced from RM548,700 as part of efforts to expand homeownership opportunities and provide quality housing.

The Housing and Local Government Ministry (KPKT) has announced the continuation and expansion of the Rahmah Cement Scheme under the 13th Malaysia Plan (RMK13), offering subsidised cement at up to 30% lower prices for affordable housing projects nationwide.

Mah Sing Group Bhd has launched its 1-2-3 Campaign offering homebuyers incentives including financial support, maintenance fee assistance, and a gold coin reward across 12 projects nationwide from May to October.

PropNex Malaysia's May open house this weekend (May 23 and 24) will showcase 17 homes from the Klang Valley, Penang and across the South China Sea in Sarawak.

The Persiaran Kewajipan works form part of broader connectivity enhancement efforts across the Bandar Sunway, Subang Jaya and USJ area, with Sunway Property's collective infrastructure improvement works in the corridor representing an estimated investment in excess of RM100 million.

The segment's revenue was supported by progressive billings from the Amberwood mixed development project in Johor Bahru, alongside ongoing contributions from the East Parc and Vida Heights projects.