News by EdgeProp

S P Setia Bhd has extended the conditional period for its proposed RM273.51 million disposal of approximately 275.40 acres of freehold land in Mukim Beranang, Ulu Langat, Selangor, to two wholly owned subsidiaries of Mah Sing Group Bhd by three months to Nov 2, 2026.

Tower Real Estate Investment Trust (Tower REIT) posted a 73% increase in net profit to RM12.46 million for the financial year ended June 30, 2026 (FY2026), driven by higher occupancy, increased rental rates and lower interest expense.

Asia Green Group has launched a developer-led mid-term stay management service at its The Pier development in Penang, broadening the project's offering beyond residential sales by introducing post-handover property management and community engagement services.

Battersea Power Station in London has unveiled a summer programme of literary-themed events, performances and workshops as part of its year-long 'A Station of Stories' campaign.

The Singapore government has completed the acquisition of 38 Oxley Road, the former home of founding prime minister Lee Kuan Yew, taking possession of one of the city-state's most historically significant sites as authorities begin studying options for how it can be developed into a public space.

Hua Yang Bhd expects FY2027 to be a pivotal year as it accelerates project launches and advances its development pipeline, following a transitional FY2026 during which it expanded its landbank and secured development opportunities, according to its annual report for the financial year ended March 31, 2026.

SDS Group Bhd is seeking shareholder approval for its proposed RM101.7 million acquisition of a 143,157 sq m freehold land parcel in Tebrau, Johor Bahru, which will support the group's planned manufacturing expansion.

IOI Properties Group Bhd has issued a circular to shareholders and notice of extraordinary general meeting (EGM) for its proposed S$1.19678 billion (approximately RM3.77 billion), subject to adjustments, acquisition of MVKimi (BVI) Ltd, the company that indirectly owns Asia Square Tower 2 in Singapore.

CapitaLand Malaysia Trust (CLMT) has fixed the issue price for new units to be issued under its distribution reinvestment plan (DRP) at 53.87 sen per unit after Bursa Malaysia Securities Bhd approved the listing and quotation of up to 170 million new CLMT units to be issued pursuant to the exercise.

Genting Plantations Bhd's wholly owned property arm has completed the inaugural RM200 million issuance under its RM2 billion Sukuk Murabahah Programme, with proceeds to be used mainly to finance and/or reimburse the group's property development costs.