News by theedgemalaysia.com

Relying on ad-hoc intervention by the Commissioner of Buildings (COB) is not a sustainable long-term solution to address the management failure in low-cost strata housing schemes, according to the Malaysian Institute of Property and Facility Managers (MIPFM).

UOA REIT (KL:UOAREIT) declared an interim income distribution of 3.94 sen per unit as its second-quarter net property income surged 30.8% year-on-year on improved occupancies and lower maintenance costs.

GDB Holdings Bhd (KL:GDB) has secured a RM439.4 million contract with Magma Kiara Sdn Bhd, a wholly-owned subsidiary of Magma Group Bhd (KL:MAGMA), to construct a mixed-use tower in Mont Kiara called the Wolo Hotel & Residences.

IGB REIT’s (KL:IGBREIT) net property income (NPI) jumped 51% for the second quarter ended June 30, 2026 (2QFY2026), helped by a full-quarter contribution from The Mall, Mid Valley Southkey (MVS Mall).

TA Securities expects AEON Mall KL Midtown to contribute approximately 2% of AEON Co (M) Bhd's (KL:AEON) revenue for the financial year ending Dec 31, 2027 (FY2027), with an anticipated occupancy rate of 75%-80% upon opening in the last quarter of the year.

PRG Holdings Bhd’s (KL:PRG) largest shareholder Datuk Ng Yan Cheng has pushed back against what he called one-sided claims that imply he and his family intended to harm PRG, saying such claims ignore the financial support and commercial risks he had taken over the years to support the company during difficult periods.

PRG Holdings Bhd (KL:PRG) has rejected a requisition notice from its second-largest shareholder Datuk Sheah Kok Fah and three other shareholders seeking an extraordinary general meeting (EGM) to revamp the board, after determining that their collective shareholding falls short of the 10% threshold required under the Companies Act.

This comes after the appellate court ruled on Monday (July 20) that it was not proper for the High Court to enter a summary judgement against the Orang Asli without going for a full trial.

Talisa features residential units ranging from 917 to 1,478 sq ft, with layouts from two-bedroom to 3+1 bedrooms configurations.

"The domestic pipeline is strongly backed by high-margin data centre packages and two semiconductor projects."