News by EdgeProp

For decades, Penang’s story has been told from the island. It is where the state’s global identity was forged — through George Town’s Unesco World Heritage status, a thriving tourism industry, multinational investments and a vibrant urban economy.

Penang’s real estate market has never been one that can easily be painted with a single brushstroke. For decades, it has been a story about water, where a narrow channel serves as a great divide that cleaves the state into two parts — a wealthy island and a working-class mainland.

More than 85% of office supply at Tun Razak Exchange (TRX) has been committed, as the financial district prepares to add about 808,000 sq ft of net lettable area (NLA) through Menara Ethos, according to its master developer TRX City Sdn Bhd (TRXC).

Exsim Hospitality Bhd said its wholly owned subsidiary Exsim Concepto Sdn Bhd (ECSB) has accepted a RM7.35 million letter of award from Lim Legacy Properties Sdn Bhd (LLPSB) for the main building works of a two-storey temporary sales gallery in Kuala Lumpur.

Magma Group Bhd has completed the disposal of its entire 20% interest in Heritage Lane Sdn Bhd (HLSB), the owner of Impiana KLCC Hotel in Kuala Lumpur, for an estimated RM63 million in cash.

Chin Hin Group Property Bhd (CHGP) has topped out Ayanna Resort Residences in Bukit Jalil, Kuala Lumpur, with the development targeted for handover in the second quarter of 2027.

The Housing and Local Government Ministry (KPKT) has become the first ministry in Malaysia to receive a GreenRE Gold Rating under the Existing Non-Residential Building (ENRB v3.3) category.

Malaysia is emerging as an early-stage opportunity for institutional student-housing investment as capital begins looking beyond Australia, the region’s dominant market, according to property consultancy JLL.

Sunway Bhd's Singapore property arm Sunway MCL is looking to secure "a few land parcels every year" as it expands its residential development pipeline in the city-state following Sunway's acquisition of MCL Land last year.

Malaysia’s medical tourism industry had a strong 2025. Revenue rose 23.2% year-on-year to RM3.35 billion, up from RM2.72 billion in 2024, while international patient arrivals climbed 15.6% to 1.85 million, from 1.6 million the year before.