Sunsuria posts lower first-half earnings as project completions weigh on revenue
Revenue declined 4.2% to RM120.61 million from RM125.93 million.
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.
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.
Paramount Corp Bhd maintained stable first-quarter earnings for the period ended March 31, 2026, supported by resilient property contributions and a sizeable unbilled sales pipeline, despite lower revenue amid a more measured launch strategy and softer market conditions.
MKH Bhd posted a 58% jump in net profit for its second quarter ended March 31, 2026, despite a sharp decline in revenue, as a one-off disposal gain from its China furniture business offset weaker contributions from its property development and plantation segments.
DRB-HICOM Bhd's property segment recorded a 70.2% decline in revenue to RM13.89 million in the first quarter ended March 31, 2026 (1Q2026), from RM46.64 million a year earlier, due to lower contributions from property development and construction activities.
Chin Hin Group Property Bhd (CHGP) reported a stronger set of results for the first quarter ended March 31, 2026 (1QFY26), underpinned by steady construction progress, disciplined execution and robust operating cash flow generation.
Matrix Concepts Holdings Bhd has sold industrial land within its MVV City development to logistics firm Golog Holdings Sdn Bhd to incorporate cold chain infrastructure into the Malaysia Vision Valley 2.0 (MVV 2.0) corridor, reinforcing the region's emergence as an integrated industrial and logistics hub.
IGB Bhd posted a profit before tax (PBT) of RM621.47 million for the first quarter ended March 31, 2026, surging 219% from RM194.78 million in the corresponding quarter of 2025, primarily driven by a one-off gain from the strategic divestment of UK-based hotel assets and robust performance across its core property investment and hotel segments.
The segment's revenue was supported by progressive billings from the Amberwood mixed development project in Johor Bahru, alongside ongoing contributions from the East Parc and Vida Heights projects.