Property group Ideal Capital Bhd (KL:IDEAL) saw its net profit for the second quarter fall 14%, dragged down by a jump in cost of sales despite higher revenue.

MUI Properties Bhd (KL:MUIPROP) has declared a special dividend of eight sen per share, amounting to RM59.27 million, following the disposal of its Negeri Sembilan land to Gamuda Bhd (KL:GAMUDA) by a subsidiary.

Country Heights Holdings Bhd (KL:CHHB) said its unit, Golden Horse Palace Bhd (GHPB)—operator of the Palace of the Golden Horses—is facing a winding-up petition from Fujifilm Business Innovation Asia Pacific over an unpaid debt.

Sime Darby Property Bhd (KL:SIMEPROP) said the Real Estate and Housing Developers' Association (Rehda) is still in talks with authorities on the expansion of the sales and service tax that raised costs for developers.

Penang’s residential landscape is evolving steadily, with notable differences between the island and the mainland in terms of market dynamics and housing trends.

S P Setia Bhd will host a preview of its upcoming phase called the Starter Homes Collection at Setia Alamsari, Kajang on Saturday, Aug 23 (Saturday) from 12pm to 5pm.

Blossom Suites is a 42-storey mixed development by Kobay Development Sdn. Bhd., located along Jalan Tanjung Bungah in Penang. 

Censof Holdings Bhd (KL:CENSOF) has secured a RM12.4 million contract from the Ministry of Housing and Local Government to develop a one-stop centre licensing system for local authorities.

Metro Healthcare Bhd (KL: METRO), which specialises in fertility, obstetrics and gynaecology services, has cancelled its planned RM9.5 million purchase of a four-storey shopoffice in Subang Jaya, Selangor.

Noteworthy:

• Built-up size: 1,134 sq ft
• 2 bathrooms
• Semi-furnished
• Nearby amenities: NU Empire, Subang Parade, Subang Ria Park, Sri Kuala Lumpur International School, INTI International University
• Accessibility: Federal Highway, LDP, NKVE, Subang–Kelana Jaya Link

When: April 2025