News by M

Property developer Oriental Interest Bhd (KL:OIB) is expanding its landbank in Selangor through a RM80.77 million cash acquisition of 68.12 acres in Bukit Raja.

Paramount Corporation Bhd (KL:PARAMON) said it is acquiring a 2.62-acre parcel of freehold land in Putrajaya for RM40 million and plans to develop a residential project with an estimated gross development value (GDV) of RM323 million on the site.

Tien Wah Press Holdings Bhd (KL:TIENWAH) said on Wednesday (Jan 7) that its joint venture with Singapore-listed Lum Chang Holdings Ltd is entering the data centre business to tap into growing demand for such infrastructure.

The industrial property sector is expected to be the key driver of Malaysia’s real estate market in 2026, according to real estate agency CBRE | WTW.

IJM Land has opened registration for Phase 4 of Ridge View @ Puchong and will officially launch the phase on Jan 17, according to a statement on Wednesday.

Kelana Jaya is seeing renewed development activity, with several new and proposed projects emerging across key pockets of the suburb, adding to its established role as a commercial and transit hub within Petaling Jaya, Selangor.

Older office buildings in the Klang Valley are increasingly facing refurbishment or repurposing as overall office market conditions remain weak heading into 2026.

Iskandar Waterfront City Bhd (KL:IWCITY) has obtained approval from Bursa Malaysia Securities Bhd for its proposed regularisation plan, which comprises a proposed debt settlement and a proposed capital reduction, to exit its affected listed issuer status.

IGB Bhd (KL:IGBB) has proposed a bonus issue of one new share for every two shares held in the property group.

Construction outfit Sarawak Consolidated Industries Bhd (KL:SCIB) is venturing into property development through a joint residential and commercial project in Bintulu, Sarawak.