News by Edgeprop.my

Ideal Property Group’s infrastructure development at the 880-acre Penang Technology Park @ Bertam has reached a milestone, with Phase 1 completed and Phase 2 currently 85% finished.

Malaysia’s data-centre sector is entering a new phase of rapid expansion, supported by strong hyperscaler demand, regional spillover effects from Singapore and sustained policy momentum.

Eastern & Oriental Bhd (E&O) reported a 105.6% year-on-year increase in net profit attributable to owners of the parent to RM63.51 million for the third quarter ended Dec 31, 2025 (3QFY2026), compared with RM30.90 million a year earlier.

Property developer Radium Development Bhd reported a lower net profit of RM1.73 million for its fourth quarter, while quarterly revenue rose to RM71.58 million from RM46.20 million.

Tropicana Corp Bhd has formalised two partnerships at its Tropicana Alam township in Puncak Alam, introducing managed renovation and solar energy options at the 480-unit Avisa Residences development.

Sunway Property has set a RM4.2 billion sales target for 2026, supported by a RM4.8 billion launch pipeline across Malaysia and selected regional markets.

A strengthening ringgit is lowering the capital outlay required for Malaysian investors entering the Australian property market, according to Knight Frank Malaysia. The benefit is most pronounced for buyers financing purchases with ringgit-denominated loans.

Malaysia once relied on land and labour to attract manufacturers. Today, investors want power, data connectivity, and talent readiness from day one, a shift that is forcing industrial parks to function more like integrated operating systems.

That image is now being quietly reshaped. Under its SHIFT25 strategy, the group is trying to expand from selling homes to collecting rent—with hyperscale data centres at Elmina Business Park leading the shift.

Sustained share purchases by Datuk Lee Yeow Seng, group chief executive officer of IOI Properties Group Bhd (IOIPG), since late January 2026 have drawn market attention, as the group advances plans for dual real estate investment trust (REIT) listings in Malaysia and Singapore.