News by M

UMediC Group Bhd (KL:UMC), through its wholly-owned subsidiary UWHM Sdn Bhd, has signed a lease agreement with Penang Development Corporation (PDC) for a 3.06-acre industrial parcel in Batu Kawan Industrial Park 3.

MTAG Group Bhd (KL:MTAG) has proposed to acquire a parcel of 7.54-hectare vacant land in Johor Bahru for RM53.58 million in cash, to boost its manufacturing capabilities and production capacity.

Bakery product maker and retailer SDS Group Bhd (KL:SDS) is buying a 14.3-hectare (35.4 acre) land in Johor Bahru for RM101.7 million to build a new manufacturing facility.

EcoFirst Consolidated Bhd (KL:ECOFIRS) said it is acquiring two freehold land parcels in Penang island for RM45 million as part of its plan to strengthen its development pipeline and diversify earnings beyond the Klang Valley.

The total area of Malay reserve land (MRL) in Peninsular Malaysia increased to 4.95 million hectares in 2024, up from 4.82 million hectares in 2020.

Malaysia and Singapore reaffirmed their commitment to deepen economic cooperation under the Johor–Singapore partnership during a courtesy call between the Minister of Economy of Malaysia, Akmal Nasrullah Mohd Nasir, and Singapore’s Minister for National Development, Chee Hong Tat.

Extended mortgage tenures and higher loan-to-value ratios have made expensive homes more “affordable” in terms of monthly payments, but have contributed to higher overall house prices.

Johor has established itself as Malaysia’s second-largest residential market in 2025, following Selangor, based on both transaction volume and value.

Developers are not building enough industrial projects in the Johor–Singapore Special Economic Zone (JS-SEZ), with supply still lagging behind growing demand.

Property developer NCT Alliance Bhd (KL:NCT) is looking at a potential partnership with Guangzhou Great Power Energy & Technology Co Ltd (Great Power) to explore battery energy storage system (BESS) projects in Malaysia.