News by edgeprop.my

The government on Monday (Aug 10) launched the National Housing Policy (DRN) 2026–2035, setting a target of delivering one million affordable homes by 2035 while introducing reforms aimed at reducing housing oversupply, improving affordability and strengthening buyer protection.

Eco World Development Group Bhd (EcoWorld) has broken ground on SJK(C) Eco Grandeur, marking the start of construction on a Chinese primary school intended to serve children from the Eco Grandeur township and the wider Puncak Alam community.

Penang should combine enforcement, technical guidance and financial assistance to improve the safety of ageing buildings in George Town, rather than relying on enforcement alone, state Tourism and Creative Economy Committee chairman Wong Hon Wai said.

Oriental Holdings Bhd (KL:ORIENT) has extended the conditional period for its proposed subscription for a 96.84% stake in Northam Georgetown Sdn Bhd (NGSB) to Oct 15, 2026, from Aug 7, 2026.

Sarawak Consolidated Industries Bhd (SCIB) said its wholly owned subsidiary, SCIB Ecobuild Sdn Bhd (SCIBE), has entered into a conditional co-development agreement with Inland World Sdn Bhd (IWSB) to jointly undertake a residential development in Penampang, Sabah, with an estimated gross development value (GDV) of RM83.19 million.

IOI Properties Group Bhd (KL:IOIPG) has secured conditional approval from the Securities Commission Malaysia (SC) for the establishment and listing of its proposed real estate investment trust (REIT), marking a key regulatory milestone for the REIT's proposed acquisition of nine properties for RM7.578 billion.

GuocoLand (Malaysia) Bhd's privatisation has been completed following the settlement of the offer price to entitled shareholders under its selective capital reduction and repayment exercise.

DPS Resources Bhd's wholly owned subsidiary Shantawood Sdn Bhd (SSB) has signed a non-binding memorandum of understanding (MoU) with China's Hangyue Intelligent Electrical Co Ltd to collaborate on digital energy infrastructure projects, including the marketing of SSB's proposed data centre facility with a capacity of up to 89 megawatts (MW) in Bukit Rambai, Melaka.

NuEnergy Holdings Bhd (KL:NHB) has accepted a letter of award (LoA) worth approximately RM44.5 million for mechanical, electrical and plumbing (MEP) works for a proposed two-storey 265kV/11kV consumer landing station building for a data centre in the Johor Bahru district.

Malaysian Resources Corp Bhd (KL:MRCB) is proposing to dispose of seven parcels of land in Cyberjaya, Selangor to Digital Cosmos Malaysia Sdn Bhd for RM419.05 million cash under a conditional sale and purchase agreement (SPA).