News by Myia S Nair

Ornapaper Bhd, one of the country’s largest manufacturers of corrugated boards and cartons, has proposed to acquire two leasehold parcels of vacant land in Melaka for RM7.2 million.

The Iskandar Regional Development Authority (IRDA) and Mizuho Bank (Malaysia) Bhd have formalised a collaboration through the exchange of a letter of intent (LOI) to strengthen investment opportunities within the Johor-Singapore Special Economic Zone (JS-SEZ).

Past urban planning decisions often relied heavily on instinct and experience, but today’s context requires striking a balance between data-driven insights and human judgement.

Approximately 27,000 trees are cut daily for paper production, equivalent to 9.8 million trees annually.

The 7.3-acre site, which comes with a new 99-year leasehold, is designated for an integrated development comprising up to 875 residential units, approximately 12,600 sq m of commercial space, a bus interchange, and a hawker centre.

(Sept 29, 2025): Johor-based Construction outfit Haily Group Bhd announced that its wholly owned subsidiary, Haily Construction Sdn Bhd, has accepted two letters of award from property development company Connoisseur Properties Sdn Bhd for the construction and completion of a development in Johor Bahru with a total contract value of RM197.55 million.

Majestic Labs, located within the Eco Majestic township in Semenyih, saw its soft opening today, while welcoming a strong mix of tenants.

High-density residential plans are being approved without proper research on demand, leading to further pressure on oversupply, says an expert. 

Unsuitable locations and a mismatch between property prices and local income levels are the main factors driving the high proportion of unsold affordable homes in Malaysia.

Gamuda Bhd registered a 22% increase in fourth-quarter net profit to RM332.15 million, compared with RM272.49 million in the corresponding period a year earlier.