To ensure full transparency in the renewal of urban strata developments, the tender process will be jointly overseen by the Housing and Local Government Ministry (KPKT) together with the respective joint management bodies (JMBs) or management committees (MCs), said KPKT Minister Nga Kor Ming.

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.

The Ministry of Housing and Local Government (KPKT) is set to conduct a visit on April 29 to dilapidated flat sites that urgently require redevelopment.

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.

Noteworthy:

• Freehold
• Built-up size: 4,939 sq ft
• Land size: 7,373 sq ft
• Semi-furnished
• 5 bedrooms, 5 bathrooms
• Nearby amenities: Sunway 163, 1 Mont Kiara, Garden International School, Mont’Kiara International School, Kuala Lumpur Golf & Country Club
• Accessibility: SPRINT Penchala and Kerinchi Links, Jalan Duta-Sungai Buloh Highway, NKVE, North-South Expressway, Jalan Duta Kiara

When: November 2024

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.