Property News Archives

GDB secures preferred liquidators as 8 Conlay developer Damai City wound up

Jan 1, 1970

KUALA LUMPUR (July 16): GDB Holdings Bhd (KL:GDB) said its wholly owned subsidiary Grand Dynamic Builders Sdn Bhd (GDBSB) has been informed of the Shah Alam High Court’s order for 8 Conlay project developer Damai City Sdn Bhd (DCSB) to be wound up. In a Bursa Malaysia filing on Wednesday, GDB said the winding-up order…
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Rivertree STF seeks shareholders’ nod for RM46.29 mil acquisitions, RM12.97 mil disposal

Jan 1, 1970

PETALING JAYA (Aug 12): Rivertree STF Synergies Bhd (RSSB), formerly known as Sinmah Capital Bhd, is seeking shareholders’ approval to acquire two property development companies for a combined RM46.288 million and dispose of another for RM12.972 million, as the group reshapes its property development pipeline. It said in a Bursa Malaysia filing on Tuesday (Aug…
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Exsim Hospitality unit gets RM7.35m related-party contract

Jan 1, 1970

PETALING JAYA (Sept 1): Exsim Hospitality Bhd said its wholly owned subsidiary Exsim Concepto Sdn Bhd (ECSB) has accepted a RM7.35 million letter of award from Lim Legacy Properties Sdn Bhd (LLPSB) for the main building works of a two-storey temporary sales gallery in Kuala Lumpur. In a Bursa Malaysia filing on Tuesday (Sept 1),…
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KL condo resale data reveal why entry price matters

Jan 1, 1970

This article appeared in the Sept 10, 2026 issue of the monthly print edition. Subscribe now. EdgeProp’s analysis of 384 resale transactions for Kuala Lumpur condominium units found nearly six in 10 changed hands above their previous purchase prices. However, after factoring in the properties’ holding periods, the median annualised return was just 1.2%. At…
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Glomac COO Zulkifly Garib retires

Jan 1, 1970

KUALA LUMPUR (March 2): Glomac Bhd (KL:GLOMAC) has announced the retirement of Zulkifly Garib (pictured) as chief operating officer—operations, effective last Friday (Feb 27). In a statement, the company shared that Zulkifly joined Glomac on Oct 15, 2019, and served for over six years. During his tenure, he oversaw the operational and technical aspects of…
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Hilton Shah Alam Glenmarie positions itself as Klang Valley’s premier urban resort

Jan 1, 1970

KUALA LUMPUR (May 21): The former Glenmarie Hotel & Golf Resort has rebranded as the Hilton Shah Alam Glenmarie, having officially reopened under new management on March 1, 2026. The hotel has been repositioned to capture the MICE (Meetings, Incentives, Conferences and Exhibitions) segment, alongside corporate and family leisure travellers following expansions of their event…
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V3D Asia, Nuvah partner SIRIM Academy to develop Malaysia’s first 3D construction printing standards

Jan 1, 1970

KUALA LUMPUR (June 22): V3D Asia Ltd and its commercial arm, Nuvah Sdn Bhd, have announced a strategic collaboration with SIRIM Academy Sdn Bhd to develop Malaysia’s first industry standards for 3D construction printing, according to a press statement issued on June 19. The initiative represents a major step towards accelerating the safe, structured and…
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Construction sector valuation improves on easing Iran war risks, job acceleration — HLIB

Jan 1, 1970

KUALA LUMPUR (July 6): Valuations for the construction sector have turned more favourable following the easing of Iran war headwinds and expected job flow acceleration for the rest of the year, said Hong Leong Investment Bank (HLIB). “The sector has also turned more favourable following the sector-wide de-rating due to the Iran war. With war-related…
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GDB Holdings secures RM439.4m contract for mixed-use tower in Mont Kiara

Jan 1, 1970

KUALA LUMPUR (July 22): GDB Holdings Bhd (KL:GDB) has secured a RM439.4 million contract with Magma Kiara Sdn Bhd, a wholly-owned subsidiary of Magma Group Bhd (KL:MAGMA), to construct a mixed-use tower in Mont Kiara called the Wolo Hotel & Residences. According to its bourse filing, construction of this multi-purpose tower is expected to begin…
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Kumpulan Jetson forensic review finds irregularities in payments, ESOS implementation

Jan 1, 1970

KUALA LUMPUR (July 31): Kumpulan Jetson Bhd (KL:JETSON) on Friday announced that an independent forensic review it had commissioned into disputed payments and an employee share option scheme (ESOS) executed in and around June 2025 has found anomalies. The forensic review by BDO Governance Advisory Sdn Bhd, which was not announced prior to this, found…
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