News by theedgemalaysia.com

Malaysia’s property and real estate investment trust (REIT) sectors are entering a policy-driven upcycle, anchored by the government’s plan to deliver one million affordable homes between 2026 and 2035 under the 13th Malaysia Plan, BIMB Securities Research said.

I-Bhd (KL:IBHD) has soft-opened its AI World Experience Centre on Thursday at its 72-acre i-City development in Shah Alam, Selangor. The AI World Experience Centre will be officially opened to public on Jan 13, 2026.

Magma Group Bhd has formalised a global marketing partnership with Savills Malaysia for its boutique branded residential development, Wolo Mont Kiara KL.

YNH Property Bhd (KL:YNHPROP) announced a board shake-up on Wednesday, after the group’s largest shareholder Datuk Dr Yu Kuan Chon’s son failed to get re-elected at its annual general meeting (AGM) on Wednesday.

TSR Capital Bhd (KL:TSRCAP) has secured a RM48 million contract from Sime Darby Property (Bukit Raja) Sdn Bhd to undertake infrastructure works at the Bandar Bukit Raja township development in Selangor.

Prestar Resources Bhd (KL:PRESTAR) said it is buying an industrial property in Serendah Technology Park for RM17 million from Landmark Concord Resorts Sdn Bhd, a company linked to its group managing director Datuk Toh Yew Peng.

Paramount Corporation Bhd (KL:PARAMON) has announced the acquisition of 48.49 acres of leasehold land in Section U9, Shah Alam, Selangor for RM113.5 million.

Sime Darby Property Bhd (KL:SIMEPROP) has partnered with MINI Malaysia to launch a festive charity initiative at Elmina Lakeside Mall, aimed at fulfilling the holiday wishes of 120 underprivileged children from Rumah Kasih Harmoni Paya Jaras.

Scientex Bhd (KL:SCIENTX) saw its earnings grow 11% in the recently-ended quarter from a year earlier thanks to cost-cutting efforts and sales of higher-margin products.

Plastic manufacturer and property developer Scientex Bhd (KL:SCIENTX) is looking to expand its affordable housing footprint into East Malaysia, particularly Sarawak.