News by EdgeProp.my

IOI Properties Group Bhd will bring Puchong's first internationally branded five-star hotel to its RM12 billion IOI Rio City development, as the property developer expands its investment property and hospitality portfolio to strengthen recurring income.

Homeownership among Malaysia's middle-income (M40) households fell below that of the lower-income B40 group in 2024 despite the country's record-high overall homeownership rate, prompting calls for more data-driven housing policies and stronger coordination across government agencies.

Compugates Holdings Bhd said it filed for leave to appeal to the Federal Court in a legal dispute involving its joint venture with Main Uptown Sdn Bhd to develop a mixed development in Dengkil, Selangor.

Kerjaya Prospek Property Bhd (KPPROP) has outlined a serviced apartment development pipeline with an estimated gross development value (GDV) of about RM2 billion over the next one to two years, backed by a 60-acre strategic landbank with an estimated GDV of RM3.8 billion, according to its FY2026 annual report filed with Bursa Malaysia.

Atrium Real Estate Investment Trust (Atrium REIT) reported higher net profit for the second quarter ended June 30, 2026 (2QFY2026), driven by the commencement of tenancy at Atrium Shah Alam 5 (ASA5), higher rental contributions from Atrium Shah Alam 3 (ASA3) following tenant transitions, and rental step‑ups on selected leases.

AME Real Estate Investment Trust (AME REIT) posted higher net income for the first quarter ended June 30, 2026 (1QFY2027), driven by contributions from four properties acquired in the previous financial year and higher rental rates from tenancy renewals.

Kuala Lumpur's commercial property market remained resilient in the second quarter of 2026, with office and retail vacancies continuing to decline despite a surge in new industrial supply, as occupiers increasingly favoured higher-quality assets, according to JLL Malaysia.

Rehda Institute launched its latest housing research publication on Tuesday (July 28) as the Ministry of Housing and Local Government (KPKT) outlined plans for the proposed Malaysia–Cambridge Urban Platform (MCUP), a long-term collaboration with the University of Cambridge aimed at strengthening housing affordability, urban planning and sustainable development policies in Malaysia.

Advancecon Holdings Bhd's joint development agreement (JDA) with Perak Corp Bhd for the Silver Valley Technology Park Industrial Hub has become unconditional after the final outstanding condition precedent was waived.

AMMB Holdings Bhd said the Ministry of Economy (MOE) has no objection to the proposed RM331 million acquisition of Menara AmBank by its wholly owned subsidiary, AmBank (M) Bhd.