News by Halim Yaacob

Malaysia's property market remained stable with moderate growth in the first quarter of 2026 (1Q2026), recording 89,966 transactions worth RM51.9 billion, according to the Valuation and Property Services Department (JPPH).

Al-'Aqar Healthcare Real Estate Investment Trust (Al-'Aqar REIT) has announced that the sale and purchase agreement (SPA) for the proposed disposal of its KPJ Healthcare College building in Penang has become unconditional following the fulfilment of all conditions precedent.

When Malaysia's most ambitious financial district was mapped out on a 70-acre freehold site along Jalan Tun Razak, the residential towers were supporting cast — amenities for the bankers and lawyers who would fill the Grade A office blocks rising around them. The real story, the planners said, was the offices. The mall. The skyline.

Axis Real Estate Investment Trust (Axis-REIT) is acquiring an industrial complex in Seksyen 16, Shah Alam, Selangor for RM38.0 million from Rubicon Assets Sdn Bhd (RASB) — a transaction classified as a related party deal given the vendor's links to directors of the REIT's management company.

Sunway Real Estate Investment Trust (Sunway REIT), one of Malaysia's largest diversified REITs with 28 properties valued at RM10.2 billion and a market capitalisation of RM7.9 billion, recorded a 10% year-on-year (y-o-y) increase in profit before tax to RM114.8 million in the first quarter ended March 31 (1Q2026), driven by a stronger retail segment performance and lower finance costs.

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).

The property comprises a freehold industrial land measuring 23,838 sq ft with a three-storey semi-detached factory of 25,112 sq ft built-up area.

The SPAs are now null and void, and neither party shall have any claims against the other arising from the agreements, save for any antecedent breach.

KL2 will be located less than 1km  from Equinix's existing Cyberjaya facility, KL1.