UEM Sunrise Bhd submitted the development application (DA) of its first residential development in Subiaco East in Perth, Western Australia for Lots 1 and 2 at The Oval, Subiaco East, to deliver two landmark apartment buildings.

NCT Group (NCT Platinum Sdn Bhd) recently unveiled the final phase of its Ion Belian Garden project, Precinct B-Phase 2, featuring single-storey terrace houses.

S P Setia Bhd (KL:SPSETIA) chief operating officer Datuk Zaini Yusoff (pictured) has been reappointed as chairman of the Real Estate and Housing Developers' Association Malaysia (Rehda) Selangor Branch for the term of 2024-2026.

Kerjaya Prospek Group Bhd (KL:KERJAYA) has bagged a contract worth RM567.73 million in Penang.

Analysts foresee Gamuda Bhd (KL:GAMUDA) to bag more project portfolios in the data centre (DC) sector, after the engineering and construction company recently secured contracts for the construction of a hyperscale DC in Elmina Business Park, with a combined value of RM1.7 billion.

Construction outfit TRC Synergy Bhd (KL:TRC) said it has secured a RM142.34 million subcontract for the "proposed transformation" of a state legislative building.

Favelle Favco Bhd said it is spending A$39.8 million (RM123.98 million) to develop two units of single-storey logistic warehouses on its freehold land near Sydney, Australia.

MKH Bhd (KL:MKH) said its net profit fell 17.23% to RM20.74 million for its second quarter ended March 31, 2024 (2QFY2024), from RM25.06 million a year earlier, dragged down by lower unrealised foreign exchange gains. Earnings per share dropped to 3.59 sen from 4.34 sen previously.

Engineering and construction company Gamuda Bhd (KL:GAMUDA) announced on Friday that it has secured contracts worth a combined value of RM1.74 billion to build a hyperscale data centre for Sime Darby Property Bhd (KL:SIMEPROP) at the latter’s Elmina Business Park.

Property developer Scientex Bhd (KL:SCIENTX) said on Friday it is acquiring land in Seberang Perai, Penang for RM462.50 million to expand its land bank for future development.