News by theedgemalaysia.com

IOI Properties Group Bhd (KL:IOIPG) officially unveiled its latest commercial development, named Bangi Fresco, at its 360-acre Bandar Puteri Bangi township in Bangi, Selangor, on Thursday.

Malaysian property developers are optimistic that demand will pick up in the second half of the year, while staying cautious about rising costs of doing business ahead, according to an industry survey.

Eco World International Bhd (KL:EWINT) achieved RM58 million in property sales in the first four months of the financial year ending Oct 31, 2025 (FY2025).

Lim Seong Hai Capital Bhd (KL:LSH), which is set to make its debut on the ACE Market this Friday, said its net profit for the first quarter ended Dec 31, 2025 (1QFY2025) rose 19% to RM18.5 million from RM15.5 million a year earlier, lifted by higher gross profit from construction works in Tangkak.

NCT Alliance Bhd has entered into a conditional sale of shares agreement (SSA) to acquire a 51% equity stake in Sabah-based property developer Setara Juara Sdn Bhd for RM22 million.

IGB Commercial Real Estate Investment Trust (KL:IGBCR) and IGB Real Estate Investment Trust (KL:IGBREIT) on Wednesday announced that their chief executive officer Elizabeth Tan Hui Ning, 41, is stepping down due to medical reasons, effective immediately.

Gagasan Nadi Cergas Bhd (GNCB) (KL:NADIBHD) said it has secured an en-bloc sale of 523 affordable housing units in the City of Elmina development in Shah Alam for RM134.41 million.

TSR Capital Bhd (KL:TSRCAP), a construction and property developer, has been awarded a RM219 million contract by Kwasa Land Sdn Bhd for infrastructure and water reservoir construction at the Kwasa Damansara township in Sungai Buloh, Selangor.

Video surveillance company ITMAX System Bhd (KL:ITMAX) has secured a contract

The other shareholders of Cyberview — the master developer of Cyberjaya — include Sime Darby Property Bhd (KL:SIMEPROP), with a 5.17% stake, and Permodalan Nasional Bhd, with a 2.59% stake.