Residential properties sold under the Housing Development Act (HDA) will be exempted from the update sales and services tax (SST), following concerns from the construction industry over rising costs.

SkyWorld Development Bhd has received global recognition at the FIABCI World Prix d’Excellence Awards 2025, earning the World Silver Award in the Residential High Rise category for its park front development, SkyLuxe On The Park Residences in Bukit Jalil.

Real Estate and Housing Developers’ Association (REHDA) is concerned that the 6% SST imposition on construction services will pose significant challenges for developers, primarily due to anticipated increases in operational costs.

GDB Holdings Bhd (KL:GDB) said its non-executive chairman Tan Sri Zaini Omar has resigned from the position due to health issues.

UEM Edgenta Bhd (KL:EDGENTA) has formed a joint venture (JV) company in Dubai, United Arab Emirates, to manage large-scale real estate projects there, marking a strategic expansion into the region.

Cash-strapped property developer Country Heights Holdings Bhd (KL:CHHB) plans to dispose of a firm that owns a property in South Africa for RM600,000 in cash.

The Malaysia Shopping Malls Association (PPK Malaysia), which represents shopping mall operators across the country, is calling for a deferment of the government's decision to expand the sales and service tax (SST) to include rental and leasing services, construction and beauty services, until after Visit Malaysia Year 2026, and to take a staggered approach to it thereafter.

Berjaya Land Bhd (KL:BJLAND) said the group is divesting its entire 80% stake in a company undertaking a mixed-use development in Hanoi, Vietnam for 1.239 trillion dong (RM201.96 million) in cash.

Binastra Corporation Bhd’s (KL:BNASTRA) RM268 million apartment construction job win from new client TNJ Development Sdn Bhd adds to ongoing efforts to diversify beyond its three core recurring customers, said analysts.

Tower Real Estate Investment Trust (KL:TWRREIT), the REIT arm of the Hong Leong Group, announced that Martin Kung Boon Keat, the CEO of its REIT manager GLM REIT Management Sdn Bhd, will step down from his post on June 12, 2025.