Property developer Magna Prima Bhd’s (KL:MAGNA) largest shareholders, Datuk Seri Bryan Wong Sze Chien and managing director Eddy Seah Ley Hong, have triggered a conditional mandatory takeover offer at 73 sen per share after their stake in the company rose to 35.73%.

Sime Darby Property Bhd has introduced a refreshed brand identity, reflecting its transition from a traditional property developer to a diversified real estate company, it announced today.

The Sultan of Selangor, Sultan Sharafuddin Idris Shah, has decreed that the redevelopment of Kampung Sungai Baru in Kuala Lumpur must be handled carefully and wisely, with utmost respect and priority placed on the interests of the Malays.

The Penang property market is showing signs of stabilisation after the post-pandemic rebound, with both transaction volume and value holding steady.

Eco World Development Group Bhd reported a net profit of RM101.17 million for the third quarter ended July 31, 2025, up 25.8% from RM80.44 million a year earlier, mainly driven by higher contributions from ongoing projects and land sales.

Developers must change how they approach bumiputera lot sales, shifting from a “compliance mindset” to genuine demand-matching if they want to clear stocks faster.

Glomac Bhd (KL:GLOMAC) has posted a net loss of RM1.42 million for its first financial quarter ended July 31, 2025 (1QFY2026) compared with a net profit of RM7.28 million a year ago.

Sunsuria Bhd (KL:SUNSURIA) has proposed the establishment of an Islamic commercial paper (ICP) programme of up to RM500 million in nominal value.

Police arrested eight male gang members belonging to Geng Musang and Geng Jep Gambang who are believed to be involved in stealing and purchasing East Coast Rail Link (ECRL) project cables, which resulted in estimated losses of over RM825,000.

MKH Bhd (KL:MKH) has proposed to dispose of its furniture manufacturing subsidiary in China to focus on its property and plantation business.