Property News Archives

KLK and parent Batu Kawan plan 20 sen dividends each as profit surges on land disposals, forex gains

Jan 1, 1970

KUALA LUMPUR (May 19): Plantation group Kuala Lumpur Kepong Bhd (KL:KLK) and its parent company Batu Kawan Bhd (KL:BKAWAN) reported strong second-quarter results on Monday, with net profits surging around 90%, lifted by gains from land disposals and favourable foreign exchange gains. Both companies declared interim dividends of 20 sen per share for the quarter,…
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OCR Group extends deadline for Chester Properties stake acquisition by two months

Jan 1, 1970

KUALA LUMPUR (June 4): OCR Group Bhd has extended the heads of agreement (HOA) deadline for its proposed acquisition of a 49% equity interest in Chester Properties Sdn Bhd by two months, allowing the parties additional time to negotiate and finalise the definitive agreement. In a Bursa filing yesterday, OCR said it and the vendor…
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PRG Holdings board terminates related-party debt settlement, initiates independent review

Jan 1, 1970

PETALING JAYA (June 19): PRG Holdings Bhd said its board has terminated a proposed debt settlement involving a related-party transaction and has initiated the process of appointing an independent reviewer, according to a media statement released via Bursa Malaysia yesterday. The matter centres on RM37.17 million owed by Premier De Muara Sdn Bhd (PDM) to…
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LSH Capital posts lower 2Q earnings on higher tax expenses, softer property contributions

Jan 1, 1970

KUALA LUMPUR (May 23): Lim Seong Hai Capital Bhd posted a 13.8% decline in second-quarter net profit, weighed by higher tax expenses and softer contributions from its property development segment as its flagship LSH Segar project nears completion. Net profit for the quarter ended March 31, 2026 (2QFY2026) fell to RM18.6 million from RM21.58 million…
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Malaysia’s 1Q retail sales growth worse than expected at 3.7%, association cuts full-year forecast

Jan 1, 1970

KUALA LUMPUR (June 12): Malaysia’s retail sales grew 3.7% in the first three months of the year compared to the same period in 2025, according to Retail Group Malaysia. The result, however, fell short of market expectations, as members of the Malaysia Retailers Association (MRA) and Malaysian Retail Chain Association (MRCA) had forecast a 4.4%…
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GDB faces potential delay in debt recovery as 8 Conlay developer faces judicial management bid

Jan 1, 1970

KUALA LUMPUR (June 23): Construction firm GDB Holdings Bhd (KL:GDB) may face further delays in recovering more than RM140 million in court-awarded claims after a creditor filed an application to place 8 Conlay project developer Damai City Sdn Bhd (DCSB) under judicial management. In a filing with Bursa Malaysia on Monday, GDB said its wholly…
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ECRL diversion into Kuantan Port ready by year end, says deputy minister

Jan 1, 1970

KUALA LUMPUR (March 11): Construction of the diversion alignment for the East Coast Rail Link (ECRL) project into the operational area of Kuantan Port is expected to be completed by the end of this year, the Dewan Negara was told on Wednesday. Deputy Transport Minister Datuk Hasbi Habibollah said the implementation of the alignment is…
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SD Guthrie, Selangor govt explore massive 5,000-acre development on Carey Island

Jan 1, 1970

KUALA LUMPUR (Feb 27): SD Guthrie Bhd (KL:SDG) and the Selangor state government have entered a strategic partnership to explore a massive integrated development on Carey Island that is set to be a “critical component” of the Carey Island Port—the planned third terminal for Port Klang. A memorandum of understanding (MOU) was inked between the…
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Encorp inks initial pact for Felda staff housing project

Jan 1, 1970

KUALA LUMPUR (June 5): Encorp Bhd (KL:ENCORP) has signed an initial pact that may lead to a contract to build staff housing for the Federal Land Development Authority. The memorandum of understanding (MOU) sets out the intention of the agency also known as Felda to appoint Encorp as the contractor for the proposed project, pending…
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Super-scale home designed for vibrant connection with family, friends

Jan 1, 1970

This article appeared in the May 12, 2026 issue of the monthly print edition. Subscribe now. It is termed a bungalow — but it’s not just any standard bungalow. Situated in a vibrant Kuala Lumpur suburb, the expansive 15,000 sq ft residence sitting on two plots totalling a massive 20,000 sq ft is more like…
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