News by M

Paramount Corp Bhd (KL:PARAMON) is acquiring a 3.7-acre freehold commercial land parcel along Jalan Ampang from IOI Properties Group Bhd (KL:IOIPG) for RM257.9 million, which it plans to develop into two blocks of high-end serviced apartments with an estimated gross development value (GDV) of RM1.1 billion.

Binastra Corporation Bhd (KL:BNASTRA) has been appointed to complete construction of Subang Sentral for RM316 million and revive the long-stalled project in Subang Jaya.

Despite witnessing a marginal dip in overall property transaction volume in 2025 (3.5% y-o-y), many high-value deals continued to move the market. 

Selangor Information Technology & Digital Economy Corp (Sidec) has announced the establishment of Fitipower Malaysia Sdn Bhd (Fitipower Malaysia), marking another step in strengthening Selangor’s semiconductor ecosystem.

The Kuala Lumpur stop of the “Until We’re Old, WE ARE ONE” World Tour Concert featuring Hong Kong music icons George Lam and Sally Yeh concluded last Saturday (March 14), drawing fans across generations for an evening celebrating decades of Chinese pop classics.

Binastra Corporation Bhd (KL:BNASTRA) is poised to close its financial year 2026 with a "bang", according to RHB Research, who is projecting a sharp 60% to 100% jump in its upcoming fourth-quarter earnings, driven by its strong RM7 billion order book.

Axis REIT (KL:AXREIT) aims to convert its remaining loans to sustainability-linked financing and explore more of such funding as the real estate investment trust expands its portfolio.

JLand Group (JLG), the real estate and infrastructure arm of Johor Corporation (JCorp), has formalised a strategic partnership with EdgeProp, Malaysia’s leading property media and data platform, through the signing of a Memorandum of Understanding (MoU) to advance property data intelligence and strengthen market positioning across Johor’s evolving real estate landscape.

S P Setia Bhd (SP Setia) has unveiled Summera Grove, a 15.28-acre landed residential enclave within its established Setia Tropika township in Johor Bahru, drawing strong demand with all non-Bumiputera units taken up within hours of launch.

The launch of the master plan and blueprint for the Johor-Singapore Special Economic Zone (JS-SEZ), scheduled for March 30 in Johor Bahru, has been postponed until a date to be announced.