News by Halim Yaacob

Hextar Technologies Solutions Bhd (HexTech) and Widad Group Bhd have permanently terminated their proposed disposal of vacant freehold industrial land in Nilai, Negeri Sembilan, with both parties releasing each other from all further obligations — and this time with no stated intention to renegotiate.

Malaysia Rapid Transit Corp Sdn Bhd (MRT Corp) and IJM Land Bhd have unveiled The Linque, a transit-oriented development (TOD) with an estimated gross development value of around RM600 million directly integrated with Cochrane MRT Station, marking MRT Corp's first TOD initiative in the Klang Valley.

ACE Market-listed construction and renewable energy group Nestcon Bhd is making its foray into property development through the proposed acquisition of three parcels of freehold land in Iskandar Puteri, Johor Bahru, for a total cash consideration of RM95 million.

Signature International Bhd (Signature) has issued a circular to shareholders on a proposed RM66 million disposal of its Kota Damansara industrial property to Boon Koon Capital Sdn Bhd, an indirect wholly-owned subsidiary of Chin Hin Group Property Bhd (CHGP), with the matter to be tabled at an extraordinary general meeting (EGM) on June 29.

SD Guthrie Bhd and Eco World Development Group Bhd said the sale and purchase agreement (SPA) for the Eco Business Park 8 (EBP8) land transaction in Kulai, Johor became unconditional on Thursday, while the amended and restated shareholders’ agreement governing the joint venture took effect on the same date.

WORQ has expanded its footprint with the launch of its 13th outlet at Menara Shell in KL Sentral, in partnership with Sentral REIT, amid growing interest in transit-oriented and flexible workspace solutions.

Sime Darby Property Bhd’s Elmina Lakeside Mall has won the World Gold Award in the Retail category at the 2026 FIABCI World Prix d’Excellence Awards.

Sime Darby Property Bhd has secured shareholder approval for a new long-term incentive plan (LTIP) of up to 5% of its issued shares, as well as a specific 2026 share grant to its group managing director and CEO Datuk Seri Azmir Merican, at an extraordinary general meeting (EGM) held on Wednesday.

Titijaya Land Bhd's wholly owned subsidiary NPO Builders Sdn Bhd has entered into a consortium agreement with PNSB Construction Sdn Bhd to develop a RM343 million gross development value (GDV) affordable housing project under the Rumah Idaman programme in Selangor.

Artificial intelligence (AI) is set to drive stronger economic growth and higher demand for commercial real estate across Asia Pacific (Apac), rather than reduce the need for physical space, according to a new study by global property services firm Cushman & Wakefield.