News by EdgeProp

Construction and property development group FBG Holdings Bhd is seeking to cease its collaboration with Penang Development Corporation (PDC) for the proposed MediCity development in Batu Kawan, Penang.

Sunway Construction Group Bhd (SunCon) has secured work orders worth a combined RM1.044 billion from a US-headquartered multinational technology company for mechanical, electrical and plumbing (MEP) fit-out works for two projects.

Alpha Galaxy Group has signed a memorandum of understanding (MoU) with Billion Group for the proposed development of a B-Grocer supermarket at Galaxy Exchange, its 166-acre mixed-use development in Puncak Alam, Selangor.

Pesona Metro Holdings Bhd’s net profit attributable to owners of the parent rose 46.7% year-on-year to RM13.67 million for the second quarter ended June 30, 2026 (2QFY2026), from RM9.32 million a year earlier.

Frasers Property Ltd and Tan & Tan Developments Bhd plan to jointly develop PJ Quarter, a 5.15-hectare (12.7-acre) mixed-use project in Section 13 here.

i-City Properties Sdn Bhd is collaborating with four property agencies to begin market engagement and prospective buyer registrations for AI Living @ i-City in Shah Alam ahead of the residential development’s targeted official launch in October.

Teladan Group Bhd’s net profit attributable to shareholders rose 42.4% to RM9.31 million for the second quarter ended June 30, 2026 (2QFY2026), from RM6.54 million a year earlier, as higher progressive billings from ongoing property developments lifted revenue.

Magma Group Bhd’s net loss widened 34% year-on-year to RM8.57 million for the second quarter ended June 30, 2026 (2QFY2026), as lower hotel revenue, higher operating expenses and financing-related costs weighed on its performance.

NCT Alliance Bhd posted a net profit attributable to shareholders of RM20.50 million for the second quarter ended June 30, 2026 (2QFY2026), as lower revenue recognition from NCT Smart Industrial Park (NSIP) Phase 1 weighed on its year-on-year performance.

7-Eleven Malaysia Holdings Bhd (SEM) has completed its RM19 million acquisition of a parcel of freehold agricultural land in Seri Kembangan, Selangor, intended for the development of a food commissary.