Week 22 - 2026
THRIVEN GLOBAL SELLING SECTION 13 LAND IN PJ FOR RM 54 MILLION
The Edge, 01/06/2026
Thriven Global Bhd has put its land in Section 13, Petaling Jaya, on the market via an expression of interest (EOI) exercise. The asking price is about RM54 million or RM625 per sq. ft. The EOI for the 1.99-acre site, known as Lot 53 and located in Jalan Professor Khoo Kay Kim (formerly Jalan Semangat). The land previously housed the corporate office of Mudajaya Group Bhd, but is currently occupied by the Flour, Fire & Stone café and pickleball club Pickle Park, both operated by the Kenny Hills Hospitality Group.
MISC RENEWS MENARA DAYABUMI LEASE WITH PETRONAS IN RM433 MILLION 15-YEAR DEAL
The Edge, 04/06/2026
MISC Bhd has entered into a long-term tenancy agreement with Petroliam Nasional Bhd (PETRONAS) to renew the lease of its office space at Menara Dayabumi, Kuala Lumpur, in a deal valued at an estimated RM433 million over 15 years.
ORIENTAL INTEREST'S PROPERTY ARM LAUNCHES MYRA EMBUN MIXED-USE DEVELOPMENT IN JENDERAM
The Edge, 05/06/2026
Myra, the residential property arm of Oriental Interest Bhd, has unveiled the RM294 million Myra Embun, a new freehold mixed-use development in Jenderam, Dengkil. Set on 5.08 acres of freehold land, Myra Embun represents one of the first mixed-use developments in the Jenderam area. The master plan integrates two residential towers alongside retail offerings, food and beverage outlets, a supermarket, electric vehicle charging facilities and a boutique hotel within a single footprint. The residential component features a total of 594 serviced residence units split across two phases. The project offers five layout configurations ranging from 700 to 1,490 sq. ft., available in two-bedroom, three-bedroom, and four-bedroom formats. Indicative pricing starts from approximately RM250,000. Located 5km from Putrajaya, the development is connected to major transit routes, including the MEX, PLUS, and Lingkaran Putrajaya highways. The mixed-use project is designed to serve the growing Putrajaya fringe and capture spillover housing demand from nearby growth corridors, including Putrajaya, Cyberjaya, Dengkil and Sepang.
VARIA TO JOINTLY DEVELOP MIXED DEVELOPMENT PROJECT IN PUTRAJAYA
The Edge, 30/06/2026
Varia Bhd has proposed to jointly develop a mixed development project in Putrajaya with United Malayan Land Bhd (UMLand) and Canada-based King George Financial Corp (KGFC). The group inked an agreement for the project on a 6.82-acre freehold site in Precinct 7 with landowner Cahaya Nusantara Sdn Bhd, a company 51%-owned by UMLand and 49% by KGFC’s unit KGFC (Malaysia) Sdn Bhd. Under the arrangement, Varia will undertake the project’s development. Further details on the project were not disclosed. Varia noted that details of the mixed development project will be decided by a project committee. The project’s Certificate of Completion and Compliance will be issued within four and a half years from the date of the agreement.
SAPURA INDUSTRIAL PROPOSES RM10.48 MILLION DISPOSAL OF MELAKA INDUSTRIAL LAND TO UNLOCK CAPITAL GAINS
Edgeprop.my, 04/06/2026
Sapura Industrial Bhd (SIB) has proposed to dispose of a vacant leasehold industrial land in Ayer Keroh, Melaka, to Loongsen Plastics (M) Sdn Bhd for RM10,477,260 in cash. The company had executed a letter of offer with the purchaser for the proposed disposal of the 5.34-acre industrial land. The property is held under a 99-year lease expiring on Oct 22, 2073, and identified under H.S.(M) 549, Plot 98, Mukim Bukit Katil, Tempat Ayer Keroh, Daerah Melaka Tengah, Negeri Melaka.
CHIN HIN PROPERTY BUYS KOTA DAMANSARA INDUSTRIAL SITE FOR RM92.5 MILLION, PLANS RM612 MILLION LOGISTICS HUB
Edgeprop.my, 04/06/2026
Chin Hin Group Property Bhd (CHGP) is acquiring a factory and warehouse complex in Selangor Science Park 1 for RM92.5 million, with plans to redevelop the site into a stratified industrial hub carrying an estimated gross development value (GDV) of RM612 million comprising about 322 units in Kota Damansara. The acquisition was made through CHGP's wholly-owned subsidiary Chin Hin Property (Tebrau) Sdn Bhd (CHPT), which entered into a sale and purchase agreement with vendor Simm Ventures Sdn Bhd for the property at 16, Jalan Teknologi T.S.S.1, Selangor Science Park 1, Kota Damansara, Petaling Jaya.
The property sits on a 5.33-acre leasehold plot, tenure running until Oct 18, 2106. The existing improvements include a single-storey warehouse and factory annexed with a two-storey office block, a Tenaga Nasional Bhd sub-station, a two-storey canteen and dormitory building, a guard post and a refuse chamber, with a combined built-up of approximately 74,349 sq. ft. The buildings are about 20 years old and currently vacant. The land is categorised for industrial use (Perusahaan) and is currently charged to Malayan Banking Bhd, which will be discharged upon completion.
CHPT intends to develop the site into a stratified industrial hub comprising approximately 322 units, with individual built-ups ranging from 1,800 sq. ft. to 3,200 sq. ft. The project carries an estimated GDV of RM612 million and gross development cost (GDC) of approximately RM480 million. Construction is expected to commence in 2Q27, with completion targeted by the end of 2030. Completion of the acquisition is expected in 4Q26, subject to state authority consent.
TANCO SEEKS SHAREHOLDER APPROVAL FOR RM88.5 MILLION PORT DICKSON FREE ZONE LAND ACQUISITION
Edgeprop.my, 30/05/2026
Tanco Holdings Bhd is seeking shareholder approval to acquire a 300-acre parcel of land in Port Dickson for RM88.5 million and to provide up to RM250 million in funding and guarantees for the first phase of the proposed Port Dickson Free Zone (PDFZ) development. The group’s 80%-owned subsidiary, PDFZ Sdn Bhd (PDFZSB), proposes to acquire a freehold parcel measuring about 0.03 acre in Mukim Pasir Panjang, Port Dickson, from SD Guthrie Bhd at RM6.77 psf. The land forms the first 300-acre tranche of the proposed PDFZ, an industrial development planned within the Malaysia Vision Valley 2.0 (MVV 2.0) corridor and near the proposed Midport Smart AI Container Port.
According to the company, the first phase of PDFZ is envisaged as a five-year industrial park development comprising infrastructure works, warehouses, factories and subdivided industrial lots. Phase 1 has an indicative GDV of approximately RM350 million and a gross development cost (GDC), including land cost, of about RM243 million for the sale of industrial lots with infrastructure works.
MALTON UNIT TO ACQUIRE 3.72-ACRE JOHOR BAHRU DEVELOPMENT SITE FOR RM97.2 MILLION AS PART OF LANDBANK REPLENISH STRATEGY
Edgeprop.my, 03/06/2026
Malton Bhd's wholly owned subsidiary, Bukit Rimau Development Sdn Bhd (BRDSB), has entered into a conditional sale and purchase agreement (SPA) to acquire a 3.72-acre freehold development parcel in Bandar Johor Bahru for RM97.23 million cash with Tanjung Nakhoda (M) Sdn Bhd (TNSB). The land forms part of a larger 35.25-acre master parcel held under HSD 640514 PTB 24790 and forms part of the integrated W City Larkinton development. The parcel, measuring about 3.72 acres (approximately 162,043 sq. ft.), is located near the Johor Golf & Country Club in Larkin and is strategically connected to Johor Bahru city centre via Jalan Tun Abdul Razak. The purchase consideration of RM97.23 million, or roughly RM600 per sq. ft., was arrived at on a willing-buyer willing-seller basis and represents a marginal 0.08% discount to the market value of RM97.30 million ascribed by independent valuer Jones Lang Wootton in a report dated May 5, 2026.
The site is located within the integrated commercial development of W City Larkinton, which comprises shopping malls, serviced apartments, retail and commercial lots as well as convention facilities, and is situated approximately 6km from Johor Bahru city centre, the Bangunan Sultan Iskandar Customs, Immigration and Quarantine Complex, and the Johor Bahru–Singapore Rapid Transit System (RTS) Link development in Bukit Chagar.
YLI TO DISPOSE OF PENANG INDUSTRIAL LAND FOR RM28.5 MILLION, BOOK RM6.8 MILLION GAIN
Edgeprop.my, 04/06/2026
Pipe manufacturer YLI Holdings Bhd is selling two industrial land parcels in Prai, Penang, for RM28.5 million cash. The disposal will be undertaken by YLI’s wholly owned subsidiary Yew Lean Foundry & Co Sdn Bhd, which has entered into a sale and purchase agreement with Trilight Optics (Malaysia) Sdn Bhd. The assets comprise two leasehold industrial land parcels in Prai Industrial Estate together with a 33kV electrical system and substation erected on the properties. The disposal is expected to be completed by 4Q26, subject to approvals from the Penang Development Corporation and state authorities.
IJM TO SELL HYPERMARKET BUILDING IN SANDAKAN TO TENANT ECONSAVE FOR RM47.5 MILLION
Edgeprop.my, 02/06/2026
IJM Corporation Bhd is selling a hypermarket building in Sandakan, Sabah, to its tenant, supermarket operator Econsave, for RM47.5 million. IJM Properties Sdn Bhd, had inked a sale and purchase agreement with Coupang Sdn Bhd, the asset-holding company of Econsave Cash & Carry Sdn Bhd, for the disposal of the single-storey building, which sits on a 2.35-acre plot. IJM anticipates completing the disposal by 3Q26.
