News by M

Penang has achieved 100% 4G coverage in populated areas as of last April, although efforts are ongoing to address connectivity gaps in several locations, particularly along coverage boundaries, said Zairil Khir Johari.

Sime Darby Property Bhd is strengthening its Negeri Sembilan  industrial footprint with the rollout of XME Business Park 2 in Nilai Impian, supported by continued demand for factory and logistics space.

When Malaysia's most ambitious financial district was mapped out on a 70-acre freehold site along Jalan Tun Razak, the residential towers were supporting cast — amenities for the bankers and lawyers who would fill the Grade A office blocks rising around them. The real story, the planners said, was the offices. The mall. The skyline.

The Penang government today denied claims that Chinese nationals had bought hundreds of homes in the state below the minimum price threshold set under the Malaysia My Second Home (MM2H) programme.

Sentral Real Estate Investment Trust (KL:SENTRAL) sees improving occupancy levels and steady leasing activity for 2026 as its Klang Valley office portfolio navigates a competitive tenant-driven market and mounting cost pressures.

Encorp Bhd (KL:ENCORP) has entered into a memorandum of understanding (MOU) with KBI Properties Sdn Bhd to explore strategic partnership opportunities and potential collaborations in the property development sector, according to a press statement issued on Wednesday.

Axis Real Estate Investment Trust (Axis-REIT) is acquiring an industrial complex in Seksyen 16, Shah Alam, Selangor for RM38.0 million from Rubicon Assets Sdn Bhd (RASB) — a transaction classified as a related party deal given the vendor's links to directors of the REIT's management company.

KPKT has urged all PBTs nationwide to consider reducing rental rates for business premises, stalls and food courts under their purview until end-2026, as part of efforts to ease the rising cost burden on hawkers and small traders.

Sunway Real Estate Investment Trust (Sunway REIT), one of Malaysia's largest diversified REITs with 28 properties valued at RM10.2 billion and a market capitalisation of RM7.9 billion, recorded a 10% year-on-year (y-o-y) increase in profit before tax to RM114.8 million in the first quarter ended March 31 (1Q2026), driven by a stronger retail segment performance and lower finance costs.

The Negeri Sembilan state government has agreed to provide a 20% rental reduction for all tenants of local authority (PBT) premises from June to December this year, involving a total cost of RM1.4 million.