Property News Archives

EXSIM Hospitality bags RM45m Summit Hotel USJ revamp job

Jan 1, 1970

KUALA LUMPUR (May 21): Hospitality operator EXSIM Hospitality Bhd (KL:EXSIMHB) has secured a RM45 million contract from AmFIRST Real Estate Investment Trust (AmFIRST REIT) (KL:AMFIRST) to redevelop Summit Hotel USJ in UEP Subang Jaya, Selangor, into a 17-storey hotel with three basement levels. The contract was awarded via EXSIM Hospitality’s wholly-owned unit EXSIM Concepto Sdn…
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Tanco hits limit down, erasing RM3.9 bil over four-day losing streak

Jan 1, 1970

KUALA LUMPUR (June 8): Heavy selling emerged in the final hour of trading in shares of property developer Tanco Holdings Bhd (KL:TANCO) on Monday, extending the counter’s losing streak to a fourth consecutive day as it hit limit-down. Tanco shares fell 47 sen, or nearly 30%, to RM1.12 on Monday — their lowest level since…
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Housing Ministry to implement Certificate of Completion and Compliance reforms to boost sustainable urbanisation

Jan 1, 1970

KUALA LUMPUR (June 22): The Ministry of Housing and Local Government (KPKT) will undertake a comprehensive review of the Certificate of Completion and Compliance (CCC) framework, the wider development approval and certification ecosystem to support sustainable urbanisation and ensure the regulatory framework remains responsive. Its minister Nga Kor Ming (pictured) said the KPKT will establish…
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OAKA Residences — low-density luxury in amenity-rich Bukit Jalil enclave

Jan 1, 1970

This article appeared in the June 11, 2026 issue of the monthly print edition. Subscribe now. Many property decisions are guided by prediction — the potential of a location, the reputation of a developer, or how neighbouring projects have performed over time. With that inherent uncertainty, hesitation naturally lingers. The dynamic shifts when a developer…
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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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Citaglobal Tower JV deadline extended again as parties continue working through conditions precedent

Jan 1, 1970

PETALING JAYA (May 16): The proposed joint venture (JV) between Citaglobal Bhd and Varia Bhd to develop the Citaglobal Tower — a mixed development on a 1.58-acre leasehold site at Jalan Tun Razak, Kuala Lumpur — has secured a further extension of its conditions precedent deadline, now pushed to June 4. According to filings by…
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Inta Bina bags RM227 mil contract for mixed development in Klang

Jan 1, 1970

KUALA LUMPUR (May 29): Inta Bina Group Bhd (KL:INTA) said on Friday it has secured a RM227.08 million contract to carry out main building and infrastructure works for a mixed commercial strata development in Klang, Selangor. In a filing with Bursa Malaysia, the construction group said its wholly owned subsidiary Inta Bina Sdn Bhd has…
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Paramount completes RM257.9 mil Jalan Ampang land acquisition from IOI Properties

Jan 1, 1970

PETALING JAYA (June 18): Paramount Corp Bhd’s wholly owned subsidiary Meridian Kuasa Sdn Bhd has completed the acquisition of a 14,974 sq m (approximately 3.7 acres) freehold commercial plot off Jalan Ampang, Kuala Lumpur, after settling the balance purchase price of RM232.1 million on June 16, 2026. It said in a Bursa filing on Tuesday…
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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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