The expanded SST may raise tenants’ operating costs and limit REITs' rental reversion, said CIMB Securities.

They specifically highlighted the proposed 8% tax on commercial rental and leasing services, deeming its timing "gravely misguided".

The association said the 8% SST on commercial rentals that will kick in on July 1 — introduced without any consultation or engagement with the retail sector — will add further pressure on the retail industry. 

Avaland Bhd (KL:AVALAND) has commenced construction of a 300m covered pedestrian walkway and link bridge from its Avenue25 mixed-use development to the USJ21 LRT Station. 

SkyWorld Development Bhd has received global recognition at the FIABCI World Prix d’Excellence Awards 2025, earning the World Silver Award in the Residential High Rise category for its park front development, SkyLuxe On The Park Residences in Bukit Jalil.

Real Estate and Housing Developers’ Association (REHDA) is concerned that the 6% SST imposition on construction services will pose significant challenges for developers, primarily due to anticipated increases in operational costs.

GDB Holdings Bhd (KL:GDB) said its non-executive chairman Tan Sri Zaini Omar has resigned from the position due to health issues.

UEM Edgenta Bhd (KL:EDGENTA) has formed a joint venture (JV) company in Dubai, United Arab Emirates, to manage large-scale real estate projects there, marking a strategic expansion into the region.

Cash-strapped property developer Country Heights Holdings Bhd (KL:CHHB) plans to dispose of a firm that owns a property in South Africa for RM600,000 in cash.

The Malaysia Shopping Malls Association (PPK Malaysia), which represents shopping mall operators across the country, is calling for a deferment of the government's decision to expand the sales and service tax (SST) to include rental and leasing services, construction and beauty services, until after Visit Malaysia Year 2026, and to take a staggered approach to it thereafter.