News by EdgeProp

Sime Darby Property Bhd and Pertubuhan Akitek Malaysia (PAM) have opened registration for the Concept Home 2035 (CH2035) Competition, which seeks residential design proposals for a proposed 171.93-acre site at Elmina Hills in the City of Elmina township, Selangor.

NCT Group of Companies, RHB Bank Bhd and Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP) have concluded a two-part seminar series on financing facilities and government guarantee schemes available to small and medium enterprises (SMEs).

Mah Sing Group Bhd has agreed to sell approximately 78.8 acres of commercial land within Mah Sing DC Hub @ Southville City in Selangor to WG Malaysia X Sdn Bhd for RM617.9 million, as the property developer expands into digital infrastructure.

Get ready to check out more properties on the subsale market this weekend (Aug 22 and 23), courtesy of PropNex Malaysia.

Maxim Global Bhd’s net profit attributable to shareholders fell 50.4% to RM4 million for the second quarter ended June 30, 2026 (2QFY2026), from RM8.06 million a year earlier, as earnings from Residensi Maxim Risen declined as the project neared completion, while its investment-holding segment recorded higher losses related to the recently concluded unconditional mandatory takeover offer.

Bintai Kinden Corp Bhd has received a letter of award following a tender by PLUS Malaysia Bhd for the proposed development of two land parcels totalling about 103 acres in Ayer Keroh, Melaka, with an estimated gross development value (GDV) of RM296.54 million.

IOI Properties Group Bhd (IOIPG) has secured conditional Securities Commission Malaysia (SC) approval for its proposed real estate investment trust (REIT) manager’s fund-management application.

UEM Sunrise Bhd’s net profit attributable to shareholders more than doubled to RM46.85 million for the second quarter ended June 30, 2026 (2QFY2026), from RM22.41 million a year earlier, as revenue increased on higher property development contributions.

S P Setia Bhd posted a net profit attributable to shareholders of RM98.06 million for the second quarter ended June 30, 2026 (2QFY2026), broadly stable against RM99.80 million a year earlier, despite lower revenue.

Sime Darby Property Bhd has signed a sale and purchase agreement (SPA) with Permodalan Nasional Bhd (PNB) to acquire Wisma Unirazak along Jalan Tun Razak, Kuala Lumpur, for RM160 million.