Property News Archives

Encorp, KBI Properties to explore strategic property development opportunities

Jan 1, 1970

KUALA LUMPUR (May 14): Encorp Bhd (KL:ENCORP) has entered into a memorandum of understanding (MOU) with KBI Properties Sdn Bhd to explore strategic partnership opportunities and potential collaborations in the property development sector, according to a press statement issued on Wednesday. The MOU establishes a framework for both parties to jointly assess strategic development initiatives…
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Cafes, community, connectivity keep Wangsa Maju moving

Jan 1, 1970

PETALING JAYA (June 16): Around midday, the commercial streets along Jalan Wangsa Delima move at a steady pace. Rows of old shoplots line the road, while high-rise apartments and condominiums rise behind them, reflecting the residential density that defines much of Wangsa Maju. The neighbourhood has a history that dates back to February 1984, when…
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Glomac’s 4Q profit surges over fourfold, plans RM371 mil launches in FY2027

Jan 1, 1970

KUALA LUMPUR (June 26): Glomac Bhd (KL:GLOMAC) posted a more than fourfold increase in its fourth-quarter net profit, driven by higher progress billings and prudent cost management despite ongoing external cost pressures. Net profit for the fourth quarter ended April 30, 2026 (4QFY2026) surged to RM13.26 million from RM2.74 million a year earlier, while revenue…
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KPKT implements immediate mitigation measures over TTDI water overflow

Jan 1, 1970

PETALING JAYA (Feb 27): The Ministry of Housing and Local Government (KPKT) has responded to concerns over water overflow incidents in Taman Tun Dr Ismail (TTDI) following a video circulated on Instagram on Feb 24. The video alleged that a development project undertaken by the National Landscape Department (JLN), in collaboration with the Public Works…
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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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Gov’t approves RM278.9 mil for 86 Fire and Rescue Department development projects under 13MP

Jan 1, 1970

KUANTAN (July 2): The Federal Government has approved an annual ceiling of RM278.9 million in development expenditure for the Malaysian Fire and Rescue Department (JBPM) to implement 86 projects under the First Rolling Plan of the 13th Malaysia Plan (13MP). Housing and Local Government deputy minister Datuk Aiman Athirah Sabu said the allocation covers 27…
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Econpile bags RM39.52 mil subcontract for Jalan Awan Besar commercial development

Jan 1, 1970

PETALING JAYA (July 30): Econpile Holdings Bhd said its wholly owned subsidiary, Econpile (M) Sdn Bhd, has secured a RM39.52 million subcontract from WCT Construction Sdn Bhd for earthworks, bored piling and sub-structure works at a proposed commercial development in Jalan Awan Besar, Kuala Lumpur. In a Bursa Malaysia filing on Wednesday (July 29), the…
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Magma Group launches RM850 mil Wolo Hotel & Residences in Mont’Kiara

Jan 1, 1970

KUALA LUMPUR (Aug 4): Magma Group Bhd (KL:MAGMA) property development arm Magma Property Sdn Bhd has launched its flagship mixed-development project, Wolo Hotel & Residences, Mont’Kiara KL, according to a press statement issued on Aug 3. The group officially announced the commencement of construction for the project during an exclusive gala launch event held at…
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