News by M

Sime Darby Property Bhd has secured shareholder approval for a new long-term incentive plan (LTIP) of up to 5% of its issued shares, as well as a specific 2026 share grant to its group managing director and CEO Datuk Seri Azmir Merican, at an extraordinary general meeting (EGM) held on Wednesday.

YNH Property Bhd has signed a fifth supplemental agreement to extend the conditional period for the proposed disposal of a freehold vacant land parcel in Kuala Lumpur to Sunway Living Space Sdn Bhd for RM170 million.

Titijaya Land Bhd's wholly owned subsidiary NPO Builders Sdn Bhd has entered into a consortium agreement with PNSB Construction Sdn Bhd to develop a RM343 million gross development value (GDV) affordable housing project under the Rumah Idaman programme in Selangor.

UOA Development Bhd has fixed the issue price of new shares under its dividend reinvestment scheme (DRS) at RM1.54 apiece, representing a discount of about 9.42% to the adjusted five-market-day volume weighted average market price, for shareholders who elect to reinvest the group's 10 sen final dividend.

Kerjaya Prospek Group Bhd (KL:KERJAYA) has teamed up with Aspen Vision Development Sdn Bhd (AVD), a subsidiary of Singapore-listed Aspen (Group) Holdings Ltd, to develop a 34.84-acre mixed-use project in Prai, Penang, on land owned by Railway Assets Corp (RAC), expanding the construction group's exposure to the northern property market.

Tanco Holdings Bhd (KL:TANCO) tumbled on Thursday in the steepest one-day decline since the property developer’s listing 39 years ago.

Malaysia is reviewing Act 757 to ensure strata governance keeps pace with rapid urbanisation and the growing shift towards stratified housing.

The Forest City Special Financial Zone (SFZ) is expected to surpass its RM2 billion investment target for 2026, supported by steady investor interest since its launch within the Johor-Singapore Special Economic Zone (JS-SEZ).

Artificial intelligence (AI) is set to drive stronger economic growth and higher demand for commercial real estate across Asia Pacific (Apac), rather than reduce the need for physical space, according to a new study by global property services firm Cushman & Wakefield.

Property developer Eastern & Oriental Bhd (E&O) announced the launch of AVÉA, a RM1 billion serviced apartment development at Gurney Green within Andaman Island, Penang, slated for completion in June 2030.