News by EDGEPROP.MY

Axis Real Estate Investment Trust (Axis-REIT) posted a stronger first quarter, with net income rising 8.3% to RM49.87 million for the quarter ended March 31, this year from RM50.19 million on a like-for-like basis — or RM53.21 million profit before tax compared with RM49.13 million a year ago — supported by a larger portfolio and lower financing costs, according to its announcements on Bursa Malaysia.

UOA Real Estate Investment Trust's (UOA REIT) proposed acquisition of three commercial properties for RM200 million has been called off after unitholders voted against the deal at an adjourned unitholders' meeting held today.

KHPT Holdings Bhd's soon-to-be-acquired subsidiary, Ngai Cheong Metal Industries Sdn Bhd (NCMI), has entered into a 10-year lease for a factory complex in Puchong, Selangor, at an initial annual rental of RM1.3 million — part of a broader RM19.5 million acquisition and diversification exercise announced on Monday (April 27).

Kuala Lumpur's residential property market recorded steady quarterly growth throughout 2025, with each successive quarter surpassing the previous, culminating in the strongest performance since 2021.

Real estate agency Wereg Properties recorded a 50% to 100% increase in sales revenue over the past year, marking a significant milestone in its growth trajectory.

The Forest City Special Financial Zone (SFZ) is well-positioned to draw global investors seeking stability, as geopolitical tensions in West Asia push ultra-high-net-worth individuals to reposition assets into safer jurisdictions.

Tropicana Corp Bhd is deepening its bet on Langkawi's tourism-driven property market, with its wholly-owned subsidiary Tropicana Scenic Development Sdn Bhd (TSDSB) acquiring two separate parcels of land on the island for a combined consideration of RM195.88 million, according to the company's announcements on Bursa Malaysia.

Eleven Malaysia Holdings Bhd (SEM) is pushing upstream into food production, with its 60%-owned subsidiary QVI Foods Sdn Bhd signing a Sale and Purchase Agreement (SPA) yesterday to acquire a parcel of freehold agricultural land in Seri Kembangan, Selangor for a cash consideration of RM19 million, or approximately RM205 psf, according to its announcement on Bursa Malaysia.

Avaland Bhd is expanding its footprint in Kuala Lumpur's luxury residential segment, with its indirect wholly-owned subsidiary Nexus Advertising Sdn Bhd (NASB) signing a conditional sale and purchase agreement (SPA) yesterday (April 28) to acquire three adjoining parcels of freehold development land in the prestigious Taman U-Thant embassy enclave for RM86,039,000, according to its announcement on Bursa Malaysia.

The company said it remains open to revisiting the acquisition should suitable opportunities arise.