News by EdgeProp.my

UOA Development Bhd has opened its 2026 financial year with a first‑quarter net profit of RM41.9 million and RM130.7 million in new property sales, while shareholders have approved a 10 sen final dividend for FY2025 and renewed key mandates at the group’s 22nd AGM.

Sunway Bhd’s first quarter was led by a sharp rebound in property development and resilient construction earnings, with other divisions adding breadth beneath a one-off boost from the listing of its healthcare arm.

Group revenue rose 13.1% to RM278.5 million from RM246.1 million a year earlier.

Revenue declined 4.2% to RM120.61 million from RM125.93 million.

Malaysia's property market entered 2026 in recalibration mode, with Kuala Lumpur's office sector emerging as the clearest sign of recovery, according to data from Bank Negara Malaysia (BNM), the Valuation and Property Services Department (JPPH), and Knight Frank.

Sime Darby Bhd more than tripled its earnings in the third quarter ended March 31, 2026 from a year earlier, driven principally by a one-off gain of RM434 million from the disposal of land at Malaysia Vision Valley (MVV) in Negeri Sembilan, even as revenue declined.

IJM Land Bhd has entered into a joint venture with Southern Catalyst Sdn Bhd (SOCAT) to develop about 307.17 acres of industrial and commercial land within the Johor–Singapore Special Economic Zone (JS-SEZ), in a project with an estimated gross development value of RM1.96 billion.

A private developer is seeking planning approval for a 61-storey mixed-use development in Bukit Pantai, Kuala Lumpur, in a proposal that would introduce close to 1,500 serviced apartment units into one of the capital's more established urban residential corridors.

Setia Awan has signed a Memorandum of Understanding (MoU) with seven retail and F&B brands to anchor Avenue F in Bukit Ampang Permai, marking a key step in its township development strategy.

It is termed a bungalow — but it’s not just any standard bungalow. Situated in a vibrant Kuala Lumpur suburb, the expansive 15,000 sq ft residence sitting on two plots totalling a massive 20,000 sq ft is more like a mansion.