News by theedgemalaysia.com

Vestland Bhd (KL:VLB) said it will not proceed with three Selangor affordable housing projects worth a total of up to RM550.69 million secured in 2022 from Splendid Forte Development Sdn Bhd.

SkyGate Solutions Bhd (KL:SKYGATE) is buying a Penang-based property investment company linked to its major shareholder for RM75.9 million in cash and shares.

A bill to facilitate border control arrangements for the Johor Bahru-Singapore Rapid Transit System (RTS) Link will be tabled in Parliament next month, Transport Minister Anthony Loke Siew Fook said.

Construction outfit SC Estate Builder Bhd (KL:SCBUILD) has formalised an agreement to acquire a 25% equity interest in a non-operational hotel in Alor Setar for RM18.79 million from chairman Loh Boon Ginn’s mother in its push into property investment.

Kerjaya Prospek Group Bhd (KL:KERJAYA), which targets RM2 billion in order book replenishment for 2026, said its subsidiary Kerjaya Prospek (M) Sdn Bhd has secured its first contract for 2026 worth RM201.25 million from Greencove Sdn Bhd for a mixed development in Damansara Damai.

Construction outfit TRC Synergy Bhd (KL:TRC) has secured a RM249 million contract to build new complex buildings in Precint 5, Putrajaya.

Malaysian real estate investment trusts (M-REITs) are expected to remain supported into 2026 by lower interest rates and catalysts from the Visit Malaysia 2026 (VM2026) tourism campaign, said Hong Leong Investment Bank (HLIB).

Malaysia’s construction industry is expected to expand at an average annual rate of 4% between 2026 and 2029, supported by sustained public and private investment in housing, oil and gas supply chains, and digital infrastructure, according to the latest Construction Market Insights report by Linesight.

The 25th International Architecture, Interior Design and Building Exhibition (Archidex 2026) aims to surpass total business transactions of RM1.4 billion generated in 2025, and expects around 40,000 visitors.

Shares of Sunway Bhd (KL:SUNWAY) and IJM Corporation Bhd (KL:IJM) ended Tuesday on a mixed note as investors weighed Sunway's proposed RM11 billion cash-and-share takeover of IJM against the group’s upcoming healthcare listing.