Country View Bhd posted a 15.3% increase in net profit for the second quarter ended May 31, 2026 (2QFY2026), despite lower revenue, as higher-margin property sales, a commercial land disposal and lower financing costs offset weaker sales volumes.
The milestone reinforces the developer's fast-turnaround execution model, with M Zenya launched just nine months after the land was acquired.
The programme will support the group's New Economy Venture (NEV) platform, including its RM1.25 billion discretionary, close-ended, Shariah-compliant NEV Fund.
.jpg)
Malaysia is one of a small number of countries in Southeast Asia that permits foreigners to hold freehold or leasehold titles to residential properties in their own names, without local partners, trust structures, or nominee arrangements.
Located within Desa Millennia, the development comprises 1,245-units within two 39-storey towers on a 5.66-acre site.
The board said it believes these risks are manageable and outweighed by the operational and strategic benefits of the revised expansion plan.
The proposed disposal for the 3.41-hectare parcel in Taman Akasia, Semenyih, was first announced on Dec 5, 2025.
The ruling removes, for now, one legal proceeding involving the broader KSK Land/Damai City dispute.
Each property was sold for RM14 million.
This comprises a direct holding of 77.77 million shares (24.11%) and an indirect holding of 63.88 million shares (19.80%).
The only property app you need. More than 200,000
sale/rent listings and daily property news.
