The Housing and Local Government Ministry (KPKT) will introduce the Certificate of the Auditor-General and the Public Service Corruption Rating by the Malaysian Anti-Corruption Commission as two new indicators under the Local Authority Star Rating System (SPB-PBT) starting 2026.

IOI Properties Group Bhd (KL:IOIPG) marked a construction milestone with the topping out of COVO on Sept 19, which is its first transit-oriented development in the 16 Sierra township in Puchong South.

The Selangor State Development Corporation (PKNS) has launched its Buy & Win Campaign that will run until Nov 30, 2025.

Kuchai Development Bhd (KL:KUCHAI) has proposed a special dividend of 44.8 sen per share to be followed by the company's voluntary withdrawal from Bursa Malaysia.

IGB Real Estate Investment Trust (REIT) (KL:IGBREIT) has proposed to set up a RM5 billion medium-term notes (MTN) programme.

Chin Hin Group Property Bhd (KL:CHGP) is disposing of two freehold industrial plots in Johor Bahru for RM19.3 million cash to Miroad Rubber Industries Sdn Bhd.

Noteworthy

• Freehold
• Built-up size: 2,200 sq ft 
• Land size: 1,760
• 5 bedrooms, 5 bathrooms
• Semi-furnished
• Nearby amenities: AEON Big Bukit Rimau, SJK(C) Chung Hua Kota Kemuning, MITstem International School, KPJ Shah Alam, Masjid Alam Impian.
• Accessibility: Lebuhraya Kemuning–Shah Alam (LKSA, E13), Shah Alam Expressway (Kesas, E5).

When: May 2025

Ireka Corporation Bhd (KL:IREKA) has defaulted on loan repayments totalling RM1.04 million owed to Hong Leong Bank Bhd (KL:HLBANK) and AmBank (M) Bhd.

He said the first phase of the high-impact project, which began in September, is expected to create more than 5,000 jobs across technical, service, logistics, marketing and management fields.

For this year alone, 325 sick and delayed housing projects involving 36,922 units with a GDV of RM28.85 billion had been revived.