News by Veishnawi Nehru

The Penang property market is showing signs of stabilisation after the post-pandemic rebound, with both transaction volume and value holding steady.

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.

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.

The Young Professionals Lab (YPLab) 2025 ended with one group selected for its Kampung Pasir Baru challenge, after four finalists pitched ideas on placemaking, public spaces and programmes to strengthen the community.

Kuala Lumpur Kepong Bhd’s (KLK) wholly owned subsidiary KLK Land has unveiled KLK TechPark, a 1,500-acre integrated industrial hub in Tanjong Malim, with a projected gross development value (GDV) of RM3.5 billion over the next 10 years.

Noteworthy:

• Leasehold
• Built-up size: 850 sq ft
• Floor Location: Mid
• 3 bedrooms, 2 bathrooms
• Unfurnished
• Nearby amenities: Central I-City, I-City, Maz International School, Universiti Teknologi MARA, KPJ Klang Specialist Hospital, Taman Tasik Seksyen 7
• Accessibility: Federal Highway, Keses, DASH, NKVE, Jalan Platinum

When: April 2025

Private-led rejuvenation can transform streets and neighbourhoods, attracting new businesses, creative cafes, and younger residents.

Urban challenges such as loneliness and depression could be addressed through better city projects that encourage social interaction and well-being.

Majestic Labs within Eco Majestic brought the Semenyih community together for its Merdeka & Malaysia Day Picnic and Night Market over the weekend, attracting an estimated 1,500 to 2,000 visitors.

WCT Holdings Bhd reported a 47% year-on-year increase in revenue to RM553.78 million for the second quarter ended June 30, 2025 (2QFY2025), driven by higher sales and billings in the property development segment and revenue from land sales.