MPDP (Penang Edition): Penang property transaction volume, value hold steady
The Penang property market is showing signs of stabilisation after the post-pandemic rebound, with both transaction volume and value holding steady.
EcoWorld 3Q net profit jumps 25.8% to RM101m, beats FY2025 sales target
Eco World Development Group Bhd reported a net profit of RM101.17 million for the third quarter ended July 31, 2025, up 25.8% from RM80.44 million a year earlier, mainly driven by higher contributions from ongoing projects and land sales.
MPDP (Penang Edition): Developers urged to rethink strategies in selling bumi lots
Developers must change how they approach bumiputera lot sales, shifting from a “compliance mindset” to genuine demand-matching if they want to clear stocks faster.
Glomac posts first quarterly net loss in four years as property development revenue slumps
Glomac Bhd (KL:GLOMAC) has posted a net loss of RM1.42 million for its first financial quarter ended July 31, 2025 (1QFY2026) compared with a net profit of RM7.28 million a year ago.
Sunsuria proposes to raise up to RM500m via sukuk
Sunsuria Bhd (KL:SUNSURIA) has proposed the establishment of an Islamic commercial paper (ICP) programme of up to RM500 million in nominal value.
MKH to sell China furniture unit for RM49.5 mil
MKH Bhd (KL:MKH) has proposed to dispose of its furniture manufacturing subsidiary in China to focus on its property and plantation business.
YLI to sell Prai factory land for RM18 mil cash to pare borrowings
Pipe manufacturer YLI Holdings Bhd (KL:YLI) is disposing of a piece of industrial land in Prai, Penang, together with a factory building, for RM18 million cash, to strengthen its working capital and reduce borrowings.
HCK Capital inks JV deal for RM600m Cheras development
HCK Capital Group Bhd (KL:HCK) said it had entered into a joint-venture deal with a landowner to undertake a property development in Cheras with an estimated gross development value of RM600 million.
Asian Pac to sell Semenyih land for RM87.7 mil to fund developments, cut debt
Property developer Asian Pac Holdings Bhd (KL:ASIAPAC) has proposed to dispose of a 35.72-hectare freehold land in Semenyih, Selangor for RM87.69 million cash.
Scientex 4Q net profit rises 13.6% on strong project progress and new launches
Scientex Bhd posted a 13.6% rise in net profit to RM154.3 million for the fourth quarter ended July 31, 2025 (4QFY2025), from RM135.9 million in the corresponding period last year.
