The Penang Mutiara Line has entered its next phase with the award of a RM3.028 billion railway systems contract, allowing railway systems design to proceed alongside ongoing civil works as construction of Penang's first metro rail project gathers pace, according to Mass Rapid Transit Corporation Sdn Bhd (MRT Corp).
Nestcon Bhd has secured a RM243 million contract from Exsim Waterfront Sdn Bhd to undertake the main building and infrastructure works for a 57-storey serviced apartment project in George Town, Penang.
Eastern & Oriental Bhd (E&O) said its indirect 66.67%-owned joint venture, KP Urban Sdn Bhd, intends to redevelop a 5,682 sq m freehold site near KLCC into a residential project for sale.
Hektar Real Estate Investment Trust (Hektar REIT) has secured Bursa Malaysia Securities Bhd's approval to list and quote up to 42,075,256 consideration units to partly fund its proposed RM125 million acquisition and leaseback of KYS KL East International School.
Three recent Bursa Malaysia filings have revealed a major industrial land assembly in Kapar, with WG Malaysia VIII Sdn Bhd, a DayOne-linked acquisition vehicle, acquiring about 157 acres of adjoining freehold land for a combined RM687.89 million.
CPE Technology Bhd's wholly owned subsidiary, Champion Precision Technology Sdn Bhd (CPT), is acquiring a freehold industrial property with an existing factory in Ulu Tiram, Johor, for RM10 million cash to expand the group's manufacturing capacity, according to a Bursa Malaysia filing.
S P Setia Bhd is inviting Malaysians to take part in its Setia Lenscape photography contest, offering a total prize pool of RM50,000 for photographs capturing everyday life across its townships.
A total of 217 landowners in Kampung Valdor, Penang have received temporary land title approval letters for the extension of their leasehold tenure to 99 years.
Government policy, infrastructure investment and digitalisation are increasingly shaping where real estate demand is concentrated across Southeast Asia, with Malaysia well placed to benefit through the Johor-Singapore Special Economic Zone (JS-SEZ), expanding digital infrastructure and industrial corridors, according to global property consultancy JLL.
Malaysia has more than doubled its representation on Forbes Asia's Best Under A Billion 2026 list, with 19 publicly listed companies making this year's annual ranking, as the country's artificial intelligence (AI) infrastructure boom continues to drive growth among small and mid-sized businesses.
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