News by M

Malaysia's short-term rental sector is expected to expand over the next five years, driven by regulatory clarity, tourism recovery, and rising supply, though industry players warn that competition will intensify.

Gadang Holdings Bhd (KL:GADANG) has posted a net loss of RM10.38 million for its third financial quarter ended Feb 28, 2026 (3QFY2026), a reversal from a net profit of RM9.08 million a year earlier, after it was hit by additional costs.

HCK Capital Group Bhd (HCK Capital) announced yesterday (April 16) that all conditions precedent of its proposed joint venture (JV) to develop a freehold land parcel in Cheras, Selangor, have been fulfilled, rendering the JV unconditional with immediate effect.

YNH Property Bhd announced yesterday (April 16) that its wholly-owned subsidiary, YNH Construction Sdn Bhd, had been served with a winding-up petition by the government of Malaysia via Lembaga Hasil Dalam Negeri Malaysia [LHDN] (Lembah Klang Legal Branch) on April 14, 2026.

Sunway Bhd has confirmed that its indirect wholly-owned subsidiary, Sunway Property (Australia) Pty Ltd (SPAPL), was formally deregistered by the Australian Securities and Investments Commission (ASIC) on April 6, 2026, under Section 601AA(4) of the Corporations Act 2001.

Careplus Group Bhd (KL:CAREPLS) said it is disposing of its entire stake in its property development unit Centro Heights Sdn Bhd to streamline its asset portfolio and unlock asset value.

With Grade A office supply in prime locations experiencing high demand and occupancy rates, businesses are advised to adopt a more forward-looking and strategic approach when securing workspaces.  

S P Setia Bhd will launch 70 units of its Ferrous Finale double-storey terrace homes in Alam Impian this Saturday (April 18), with a total Gross Development Value (GDV) of RM75.43 million.

Chin Hin Group Property Bhd (CHGP) today issued a circular to shareholders in relation to the proposed joint venture (JV) between BKG Development Sdn Bhd (BKGD), a wholly-owned subsidiary of CHGP, and Fiamma Holdings Bhd (FHB), for a mixed commercial development in Kuala Lumpur.