Sunway’s shares rise post 1Q results, though analysts warn of looming cost pressures
Sunway Bhd’s (KL:SUNWAY) shares climbed after its first-quarterly earnings booked a RM9.4 billion gain in net profit.
UOA Group co-founder CS Kong passes away
UOA Group co-founder and UOA Development Bhd (KL:UOADEV) executive director and managing director Kong Chong Soon @ Chi Suim, or better known as CS Kong, has passed away at the age of 85.
US seizes luxury apartment bought with 1MDB funds for Jho Low’s aide
US authorities have secured a court order to seize a luxury apartment in New York that was bought using funds allegedly misappropriated from 1Malaysia Development Bhd (1MDB).
E&O to prioritise RM1b sales target over passing on higher costs to buyers
Eastern & Oriental Bhd (KL:E&O) may absorb some rising construction costs driven by the ongoing conflicts in the Middle East rather than passing them entirely to homebuyers, as the property developer prioritises sustaining its RM1 billion annual sales.
Paramount flags 3%–5% price hike for new launches, keeps RM1.2b sales target
Construction costs, including building materials and fuel, account for up to 50% of total development costs, while land costs make up for 20%.
Mitraland, RHB partner on green financing scheme for SMEs
It is aimed at supporting businesses investing in sustainable industrial and commercial properties.
Valiram Group completes acquisition of stake in Lendlease’s assets
Luxury retailer Valiram Group has completed the acquisition of a 40% stake in The Exchange TRX mall and 60% stake in the TRX Campus office from Australian property developer Lendlease Group on Monday.
High Court allows UOA Development unit to challenge tax bill on property sale to REIT
The High Court has allowed Distinctive Acres Sdn Bhd, an investment unit of property developer UOA Development Bhd (KL:UOADEV), to challenge a RM165.66 million tax bill and penalty linked to the sale of an asset to a REIT in 2020.
AME Elite posts record full-year profit of RM284m, declares seven sen dividend
AME Elite Consortium Bhd (KL:AME) posted a net profit of RM283.97 million for the financial year ended March 31, 2026 (FY2026), its highest since the construction and property group's listing on Bursa Malaysia in 2019.
Hektar REIT to buy, lease back school campus for RM125 mil
Hektar Real Estate Investment Trust (KL:HEKTAR) plans to acquire and lease back an international school campus near Setapak in Kuala Lumpur for RM125 million, marking its latest push into the education asset segment to diversify beyond retail properties.
