News by EDGEPROP.MY

Property developer Radium Development Bhd reported a lower net profit of RM1.73 million for its fourth quarter, while quarterly revenue rose to RM71.58 million from RM46.20 million.

Tropicana Corp Bhd has formalised two partnerships at its Tropicana Alam township in Puncak Alam, introducing managed renovation and solar energy options at the 480-unit Avisa Residences development.

Sunway Property has set a RM4.2 billion sales target for 2026, supported by a RM4.8 billion launch pipeline across Malaysia and selected regional markets.

A strengthening ringgit is lowering the capital outlay required for Malaysian investors entering the Australian property market, according to Knight Frank Malaysia. The benefit is most pronounced for buyers financing purchases with ringgit-denominated loans.

Malaysia once relied on land and labour to attract manufacturers. Today, investors want power, data connectivity, and talent readiness from day one, a shift that is forcing industrial parks to function more like integrated operating systems.

That image is now being quietly reshaped. Under its SHIFT25 strategy, the group is trying to expand from selling homes to collecting rent—with hyperscale data centres at Elmina Business Park leading the shift.

Sustained share purchases by Datuk Lee Yeow Seng, group chief executive officer of IOI Properties Group Bhd (IOIPG), since late January 2026 have drawn market attention, as the group advances plans for dual real estate investment trust (REIT) listings in Malaysia and Singapore.

Battersea Power Station Development Company (BPSDC) has appointed Studio Egret West as master planner, urban designer and landscape architect to advance the remaining approximately 50% of its 42-acre riverside neighbourhood in Central London.

Wawasan Dengkil Holdings Bhd reported a lower net profit of RM700,000 for the second quarter ended Dec 31, 2025 (2QFY2026), down from RM3.35 million a year earlier, according to its Bursa Malaysia filing on Friday.

Yong Tai Bhd is issuing 1.5 million redeemable convertible preference shares (RCPS) with a principal amount of RM1.5 million as part of its ongoing fund-raising exercise.