News by edgeprop.my

Eco World Development Group Bhd (EcoWorld) recorded RM2.06 billion in property sales in the first four months of FY2026, equivalent to 52% of its RM4 billion full-year sales target, according to its financial results announcement.

When Mah Sing Group Bhd confirmed plans to proceed with its M Cora residential project in Penang, the headline figures were typical of a mid-range urban development: an estimated gross development value (GDV) of RM528 million and residential units starting from RM426,000.

Living in Shah Alam means more than just finding a place to stay. It is about choosing a lifestyle. As the capital of Selangor, Shah Alam has grown into one of Malaysia’s most desirable suburbs, offering a balanced mix of affordability, connectivity, and quality of life.

GAP Estate, a property agency specialising in industrial real estate, recorded its highest gross development value (GDV) to date, achieving RM885 million in sales in 2025.

For IGB Bhd, the Ministry of Economy’s approval of its RM214.97 million land acquisition this week represents more than a regulatory milestone — it completes a multi-year land aggregation strategy around its flagship Mid Valley Southkey development in Johor Bahru.

As of September 2025, the Northern Corridor Economic Region (NCER) has realised RM58.39 billion in investments across the region, creating nearly 16,000 job opportunities. Kedah accounts for RM14.94 billion of these realised investments, generating 2,566 jobs to date.

According to Malaysian Investment Development Authority (Mida), in 2024, Penang’s E&E sector accounted for 45% (RM7.8 billion) of total approved manufacturing investments, and in 1H2025, it rose to 53% (RM6.6 billion).

Johor’s role as Malaysia’s fastest-growing investment corridor is beginning to reshape how property developers deploy capital.

Overall, the semiconductor industry is establishing itself as a vital part of Malaysia’s economy, accounting for about 40% of the country’s E&E exports. Its stability and growth support the overall national economic momentum, which in turn underpins a more resilient property market, particularly the industrial segment.

Gamuda Bhd shares fell to an 11-month low on Monday (March 9), dropping 6.3% to RM3.89 in early trade after the group reported weaker-than-expected first-half earnings on March 6.