News by EdgeProp.my

A Penang state assemblyman has proposed a 3% property transfer premium on buyers who are not from the state, in a bid to cool speculative demand and channel funds into affordable housing schemes for locals.

The Real Estate and Housing Developers' Association (Rehda) Malaysia has expressed support for the proposed introduction of an “Option to Purchase” (OTP) clause under the new Real Property Development Act, which is expected to replace the current Housing Development (Control and Licensing) Act 1966 (Act 118).

Zelan Bhd's wholly-owned subsidiary Zelan Holdings (M) Sdn Bhd (ZHSB) has entered into a debt settlement agreement with MMC Engineering Sdn Bhd to settle outstanding debts of RM5,219,415.21 via the transfer of two office units at Wisma Zelan in Bandar Tun Razak, Kuala Lumpur.

Pavilion Real Estate Investment Trust (Pavilion REIT) recorded a stronger first quarter ended March 31, 2026 (1Q2026), posting higher distributable income and distribution per unit (DPU) on the back of improved net property income from its core retail assets.

EWI Capital Bhd's investee fund has completed the acquisition of its first asset — a prime Melbourne office tower — marking a significant milestone in the Malaysian developer-turned-investment-holding company's strategic pivot towards recurring income-generating real estate.

EdgeProp has collaborated with PropNex Malaysia, one of the nation's fastest-growing real estate agency networks, to produce the Malaysia Property Market Overview 1Q2026

Rivertree STF Synergies Bhd (RSSB) is undertaking a significant property portfolio restructuring exercise — acquiring two serviced apartment development companies with a combined gross development value (GDV) of approximately RM654.80 million while simultaneously divesting a near-completed mixed development project in Kuala Kubu Baharu, Hulu Selangor, in a series of transactions announced on Bursa Malaysia today.

Magni-Tech Industries Bhd has announced that its wholly-owned subsidiary, Magni Land Sdn Bhd (MLSB), entered into a Sale and Purchase Agreement (SPA) yesterday (May 5) with Neoh Choo Ee & Company Sdn Bhd for the acquisition of a freehold parcel of vacant land in Bandar Tanjong Bungah, Daerah Timur Laut, Pulau Pinang for a total cash consideration of RM133.33 million, to be funded entirely from the group's internally generated funds.

Tropicana Corp Bhd has clarified to Bursa Malaysia that its four-month delay in announcing a RM44.82 million leasehold land acquisition in Langkawi was due to the parcel's strategic dependence on a separate, larger acquisition — and that had the bigger deal fallen through, Tropicana would likely have walked away from both.

When Merdeka 118 was designated Malaysia's first building recognised under the MD (Malaysia Digital) Nexus category of the new Malaysia Digital Location Recognition (MDLR) framework in February, this year, most coverage treated it as a technology policy milestone.