News by M

The International Construction Week (ICW) Borneo is returning for its second edition on May 12 and 13 in Kota Kinabalu, Sabah, with a technical site visit on May 13.

Construction and property group Pesona Metro Holdings Bhd has delivered its strongest financial performance in recent years, with group revenue surging 38% to RM705.9 million in the financial year ended December 31, 2025 (FY2025), propelled by a first full-year contribution from its newly acquired property development arm and steady billings across its construction order book.

The Real Estate and Housing Developers’ Association (Rehda) Institute Youth Initiative (RIYI) 2026 recently held its first corporate mentorship session, bringing together about 50 students from over 15 universities nationwide to engage directly with industry leaders and gain early exposure to workplace expectations in the built-environment sector.

A 253-acre freehold landbank in Alor Gajah, Melaka — bought for RM45.60 million in 2023 to develop mixed residential and commercial properties — is now the centrepiece of an indicative US$1.1 billion (RM4.36 billion) Artificial General Intelligence (AGI) data centre development, after DPS Resources Bhd's wholly-owned subsidiary signed a memorandum of understanding (MoU) with an Alibaba Group-affiliated technology firm.

The retail and office arms of the IGB group both reported stronger first-quarter results, though the scale of their performances diverged sharply — with IGB Real Estate Investment Trust's (IGB REIT) malls posting blockbuster growth on the back of a new acquisition, while IGB Commercial Real Estate Investment Trust (IGB Commercial REIT) delivered a steady, organic improvement across its office portfolio, according to its Bursa Malaysia announcements.

Construction and property firm Bina Puri Holdings Bhd (KL:BPURI) is extending its financial year again, now combining nearly two years of results into a 23-month reporting period by switching to a May year-end.

Real estate agency Polygon Properties marked its ninth anniversary with its Globe Gala Night on April 17 at Galaxy Banquet Hall in Sentul, bringing together 500 guests for a cross-cultural themed celebration.

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).