News by EdgeProp

DRB-HICOM Bhd's property segment recorded a 70.2% decline in revenue to RM13.89 million in the first quarter ended March 31, 2026 (1Q2026), from RM46.64 million a year earlier, due to lower contributions from property development and construction activities.

Chin Hin Group Property Bhd (CHGP) reported a stronger set of results for the first quarter ended March 31, 2026 (1QFY26), underpinned by steady construction progress, disciplined execution and robust operating cash flow generation.

Selangor is intensifying efforts to reinforce its position as Malaysia's leading industrial and investment hub through a series of strategic initiatives aimed at accelerating industrial park development, enhancing investor facilitation and improving the ease of doing business.

Radium Development Bhd yesterday announced its financial results for the first quarter of the financial year ending Dec 31, 2026 (1QFY2026), reflecting continued progress across its core property developments and the advancement of its longer-term diversification initiatives.

The Ministry of Transport (MOT) has defended the use of a single-source Request for Proposal (RFP) mechanism for the procurement of the RM7.93 billion Package 1 contract of the Penang Mutiara Line LRT project, citing legal continuity and technical considerations.

Nearly a decade after Lexis Hibiscus 1 entered the Guinness World Records for having the world’s most overwater villas in a single resort, Malaysian developer Kuala Lumpur Metropolitan (KL Metro) Group is doubling down on Port Dickson with a RM1.6 billion sequel.

Explore living in Penang, Malaysia’s cultural gem. From seafront condos to heritage homes, discover neighbourhoods, connectivity and properies options across the island.

Matrix Concepts Holdings Bhd has sold industrial land within its MVV City development to logistics firm Golog Holdings Sdn Bhd to incorporate cold chain infrastructure into the Malaysia Vision Valley 2.0 (MVV 2.0) corridor, reinforcing the region's emergence as an integrated industrial and logistics hub.

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.