News by theedgemalaysia.com

Encorp Bhd (KL:ENCORP) has entered into a memorandum of understanding (MOU) with KBI Properties Sdn Bhd to explore strategic partnership opportunities and potential collaborations in the property development sector, according to a press statement issued on Wednesday.

Land & General Bhd (L&G) (KL:L&G) has accelerated the completion timeline for The Wyn Residences in Bandar Puchong Jaya to June 2027, marking a 12-month advancement from the original June 2028 target.

The bourse regulator said the disclosure-related breaches involved a letter of award, failure to update the status of an article of agreement, and delayed disclosure of the project termination.

Revenue slipped marginally to RM60.46 million from RM60.85 million in 4QFY2025, weighed by lower advertising and promotional income.

Malaysia’s developers, still unscathed from the Iran war fallout, are benefiting from strong demand for luxury and premium homes, RHB Research said.

KJTS Group Bhd (KL:KJTS) said on Friday that it has signed an agreement to let its joint venture take over a contract involving works for eight retail malls.

GuocoLand (Malaysia) Bhd (KL:GUOCO) slipped into its first quarterly net loss in four years despite a higher revenue, mainly due to a RM7.2 million inventory write-down for its PJ City project.

UDA Holdings Bhd, an agency under the Entrepreneur Development and Cooperatives Ministry, will absorb RM12.5 million in costs to help ease the burden on micro, small and medium enterprises (MSMEs) amid rising cost pressures from Middle East tensions.

Majestic Gen Bhd (KL:MAGEN) has achieved 100% take-up for its Gen Sphere freehold serviced apartment development in Johor since its launch in July 2025.

Coronade Properties Sdn Bhd has officially commenced Phase 2 of its Coronation Square integrated development in Johor with a groundbreaking ceremony for Coronation Square Mall, which is set to become the largest retail mall in the Johor Bahru city centre.