Property News Archives

Mudajaya wins appeal, court raises compensation to RM72.2 mil in fund misappropriation case

Jan 1, 1970

KUALA LUMPUR (April 20): Mudajaya Group Bhd (KL:MUDAJYA) has secured a favourable ruling from the Court of Appeal in its fund misappropriation case against former employee Michael Chua Khian Keng, with compensation increased to RM72.2 million from the earlier High Court award of RM43.5 million. In a Bursa Malaysia filing on Monday, the construction group…
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IJM reviewing key businesses, assets after rebuffing Sunway’s offer

Jan 1, 1970

KUALA LUMPUR (March 16): IJM Corporation Bhd (KL:IJM) said it is reviewing the strategy for its key businesses, including monetising part of its vast land bank at its property division, after rebuffing a takeover offer. The intention is to gradually shrink its land bank that now spans around 3,000 acres while shifting towards smaller, faster-turnaround…
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Wawasan Dengkil’s 2QFY2026 net profit falls to RM700,000; no update on January MoU

Jan 1, 1970

KUALA LUMPUR (Feb 21): Wawasan Dengkil Holdings Bhd reported a lower net profit of RM700,000 for the second quarter ended Dec 31, 2025 (2QFY2026), down from RM3.35 million a year earlier, according to its Bursa Malaysia filing on Friday. Quarterly revenue edged up to RM49.39 million from RM48.05 million previously. However, profit before tax declined…
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Zelan’s proposed scheme of arrangement receives 100% creditor approval at court-convened meeting

Jan 1, 1970

KUALA LUMPUR (April 21): Zelan Bhd — an engineering and construction conglomerate with a track record spanning power plants, ports, airports and high-rise buildings across Malaysia and the Middle East — said it had secured unanimous creditor approval for its proposed scheme of arrangement, with 100% in value of creditors present and voting at a…
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KL Fest 2026 set to revive capital’s historic core with 80 events

Jan 1, 1970

KUALA LUMPUR (March 16): Kuala Lumpur Festival (KL Fest) will return from May 6 to 31, bringing more than 80 arts and cultural events to heritage buildings and public spaces across the city as part of ongoing efforts to revive activity in the capital’s historic core. Organised by Think City Sdn Bhd and KL City…
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SunCon declares nine sen dividend for 4Q, lifting FY2025 payout to record 50.5 sen as revenue tops RM5b

Jan 1, 1970

KUALA LUMPUR (Feb 24): Sunway Construction Group Bhd (KL:SUNCON) has declared a fourth interim dividend of nine sen per share, lifting its total dividend for the year to a record-high 50.5 sen per share, after annual revenue surged past the RM5 billion mark to RM5.34 billion. Net profit for the financial year ended Dec 31,…
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IGB, developer of Mid Valley City, expects broad growth after 20% rise in 4Q earnings

Jan 1, 1970

KUALA LUMPUR (March 2): IGB Bhd (KL:IGBB), the developer of Mid Valley City, said on Friday its net profit rose over 20% in the last quarter of 2025, thanks to a surge in rental income and home sales. Net profit for the three months ended Dec 31, 2025 (4QFY2025) was RM99.14 million, the company said…
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Semantan files further discovery application for pre-Merdeka land records, ahead of assessment proceedings

Jan 1, 1970

KUALA LUMPUR (March 16): Semantan Estate (1952) Sdn Bhd has filed a further discovery application to obtain pre-Merdeka land records and zoning documents for its upcoming compensation assessment proceedings. The company is seeking Memoranda of Transfers (1956–1957) for several lots in Mukim Batu, Kuala Lumpur, which record ownership changes and sale prices. These serve as…
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Govt reviewing proposal to complete beleaguered MEX II highway project, says minister

Jan 1, 1970

KUALA LUMPUR (Feb 24): Works Minister Datuk Seri Alexander Nanta Linggi said the government has received a new proposal to complete the remaining construction of the beleaguered MEX II highway project. The proposal was submitted by the receivers and managers of the project concessionaire, MEX II Sdn Bhd, in December 2025 to the Public-Private Partnership…
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High debt, low income deter two-thirds of Malaysians from owning properties — Rehda

Jan 1, 1970

KUALA LUMPUR (March 13): The Real Estate and Housing Developers’ Association (Rehda) said over two-thirds of prospective homebuyers in Malaysia fail to obtain financing for property purchases, mainly due to high debt obligations and inadequate income levels. A survey by the property agency involving 166 developers found that 72% of respondents encountered financing-related difficulties among…
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