News by M

Malaysia’s northern corridor — comprising Perlis, Kedah, Penang, and Perak — is winning more industrial investment than at any point in its history. Kedah — the focus of this report — in particular has seen rapid growth over the last five years.

Eco World Development Group Bhd and SD Guthrie Bhd have announced completion updates relating to the acquisition by Eco Business Park 8 Sdn Bhd (EBP8) of approximately 935.241 acres of freehold land in Mukim Kulai, Johor, and SD Guthrie’s disposal of the land to EBP8.

Penang Port has called a tender for a 2.20-acre parcel within Butterworth Deep Water Wharves (BDWW) for development and operation under a long-term sub-lease arrangement.

Rehda Institute has launched the second edition of its Property Development Handbook, an updated industry reference incorporating the latest regulatory, sustainability and digitalisation developments to help developers, consultants, regulators and academics navigate Malaysia's increasingly complex property development landscape. Rehda Institute is the research and training arm of the Real Estate and Housing Developers' Association (Rehda) Malaysia.

Gamuda Bhd (KL:GAMUDA) outperformed on Friday as investors shrugged off a weaker-than-expected quarter at the construction and property development firm.

Vestland Bhd (KL:VLB) said it has won a construction contract worth RM135 million under an industrial development project in Bukit Raja, Klang.

Piling and foundation specialist Econpile Holdings Bhd (KL:ECONBHD) has bagged a RM48.8 million piling contract for a 74-storey serviced apartment project at Jalan Pavilion here.

Prime Minister Datuk Seri Anwar Ibrahim said the government will develop housing for civil servants with lower rental rates as an effort to look after the welfare of the group.

The Malaysian Institute of Property and Facility Managers (MIPFM) welcomes and commends the government’s decision to exempt service tax on service charges and sinking fund contributions for non-residential buildings effective July 1, 2026.

EWI Capital Bhd (formerly Eco World International Bhd) is repositioning its portfolio towards income‑generating office assets even as near‑term earnings remain weighed down by impairments and foreign‑exchange losses.