Urban Renewal Bill 2025 tabled in Parliament for first reading
The Urban Renewal Bill 2025, which seeks to lower the consent threshold for redevelopment projects, was tabled for its first reading in the Dewan Rakyat on Thursday.
Matrix Concepts’ 1Q net profit up 3.7% on higher property sales, lower marketing costs
Seremban-based property developer Matrix Concepts Holdings Bhd’s (KL:MATRIX) net profit rose 3.7% year-on-year in the first financial quarter from last year, boosted by stronger property sales and lower selling and marketing expenses.
Hextar Technologies terminates RM31m Nilai land disposal to Widad, plans reassessment of terms
Hextar Technologies Solutions Bhd has terminated its proposed disposal of four adjoining parcels of vacant freehold industrial land in Nilai Industrial Estate, Negeri Sembilan, to Widad Development (Nilai) Sdn Bhd for RM31 million.
S P Setia collaborates with Taiwan’s Ally Logistic Property to develop smart warehouse campus in Klang
S P Setia Bhd has signed a partnership with Taiwan-based Ally Logistic Property Co Ltd (ALP) to develop a build-to-lease warehouse on a 42-acre plot at Setia Alaman, Klang.
Cahya Mata slides to two-month low after missing earnings estimates
Cahya Mata Sarawak Bhd (KL:CMSB) fell to a two-month low on Thursday, after the construction materials company reported a weaker-than-expected second quarter.
KTI Landmark to build RM107m cultural complex in exchange for 65-acre land in Sabah
Sabah-based property developer KTI Landmark Bhd (KL:KTI) will build a RM107 million cultural complex on 58 acres of land in Kinarut, Sabah through a land swap with the state government.
Parkson unit signs 20-year lease in China’s Sichuan province
Parkson Holdings Bhd (KL:PARKSON) said that its 54.97%-owned Hong Kong-listed subsidiary Parkson Retail Group Ltd (PRG) has inked a 20-year agreement to lease 4,801 sq m of commercial space in Mianyang City in China’s Sichuan province.
Paramount cuts sales target to RM1.2b amid market headwinds
Paramount Corp Bhd (KL:PARAMON) has lowered its full-year sales target and scaled back its planned project launches, in a move reflecting the moderating economic outlook and persistent property market challenges, as its second-quarter net profit fell 10.15% year on year.
Times Square owner Berjaya Assets shrinks 4Q loss with accounting gains
Berjaya Assets Bhd (KL:BJASSET), the developer of Times Square, said on Wednesday it narrowed net loss for the fourth quarter with accounting gains and revenue growth.
MB World launches RM2b heavy industrial township in Forest City SFZ
Property developer MB World Group Bhd, which was once a publicly listed entity, on Wednesday launched its 732-acre MBW Innexus Industrial City development in Tanjung Langsat, Johor Bahru, Johor.
