News by Edgeprop.my

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. 

Malaysia is sitting on one of Southeast Asia's most compelling digital investment stories — RM342.58 billion in approved digital investments, 114,854 projected jobs of which 97% are knowledge-worker roles, and a position as the world's second-largest developing-economy recipient of digital FDI. 

Malaysia has quietly cemented its position as the second-largest developing-economy recipient of digital foreign direct investment (FDI) globally, trailing only India — a milestone that carries significant implications for Grade A office demand, industrial land values and data centre real estate across the country's three primary digital investment hubs.

Lagenda Properties Bhd, one of Malaysia's leading affordable housing and integrated township developers, delivered a historic operating performance for the financial year ended Dec 31, 2025 (FY2025), surpassing the RM1 billion revenue mark for the first time while recording its highest-ever annual confirmed sales.

Ng Chan Mau & Co (NCM Co) together with Owner Auction and Lapan Art Auction, has launched Jelajah Harta Tanah Malaysia 2026, the latest edition of its Auction Carnival series, drawing more than 400 registered bidders and participation from 14 financial institutions at the inaugural event.

Iskandar Waterfront City Bhd (IWCity), one of Eastern Johor Bahru's largest waterfront landowners with a freehold-dominant landbank straddling the Johor-Singapore Special Economic Zone (JS-SEZ) corridor, has filed its annual report and corporate governance report for the financial year ended Dec 31, 2025 (FY2025) with Bursa Malaysia.

Chin Hin Group Property Bhd (CHGP) has terminated its RM1.15 billion gross development value (GDV) residential project in Taman Connaught, Cheras, after conditions precedent relating to the requisite development approval were not fulfilled within the stipulated approval period.

Ahmad Zaki Resources Bhd (AZRB) posted a loss before tax (LBT) of RM49.7 million for the 18-month financial period ended Dec 31, 2025 (Financial Period Ended 2025).