News by M

In Petaling Jaya (PJ)’s older commercial pockets like Section 19 and SS2, rents are quietly climbing. Monthly leases range from around RM2,000 for small creative studios to more than the RM10,000 mark for cafe lots in newer developments like The Hub SS2.

There are few places in a city that can genuinely convince you that it’s ok for life to move at a slower pace, but Kapas Heights is one of them.

Rehda Institute has proposed a few solutions to addressing the distressing issue of abandoned housing projects. In our opinion, Rehda Institute is missing the forest for the trees.

Gamuda Bhd (KL:GAMUDA) recorded a 4.68% year-on-year increase in its third-quarter net profit, driven by robust performance within its domestic construction division, where earnings about tripled, offsetting a drop in the group's property earnings.

Property firm Crescendo Corp Bhd (KL:CRESNDO) flagged higher operating costs from the minimum wage adjustments, subsidy rationalisation for fuel and electricity, as well as the expanded scope of the sales and service tax (SST), after posting a steep 97.5% year-on-year decline in its first-quarter net profit.

Yong Tai Bhd (KL:YONGTAI) is acquiring Sabah-based property developer Sumberjaya Builders Sdn Bhd for RM15 million, as it aims to tap into development opportunities in Lahad Datu and Tawau.

Eco World Development Group Bhd (KL:ECOWLD) said it is well on track to exceed its RM3.5 billion sales target for the financial year ending Oct 31, 2025 (FY2025), after posting record-high earnings in its latest quarterly result.

I-Bhd (KL:IBHD) has committed RM10 million for intelligent infrastructure pilots across i-City, signalling a deeper push into smart city development as the group continues its strategic shift towards a tech-enabled urban platform.

Mulpha International Bhd (KL:MULPHA) will get A$339.3 million (RM933.7 million) from its 15.2% stake in Australian retirement operator Aveo Group, which it had to sell under a tag-along arrangement.

Mah Sing Group Bhd (KL:MAHSING) has officially launched M Legasi, Mah Sing’s largest freehold township in the Klang Valley.