Week 30 - 2026
MALAYSIA’S EXPORTS SURGE 45% IN JUNE 2026
The Edge, The Star, The Sun & NST, 20/07/2026
Malaysia’s exports accelerated further in June 2026 as shipments of electronics and petroleum defied geopolitical tensions in the Middle East. Exports totalled RM177.89 billion, a 45.4% increase when compared with June 2025. While downside risks remain from prolonged geopolitical tensions, Malaysia’s trade has thus far demonstrated resilience. Electrical and electronic products, which accounted for nearly half of the total outbound shipments in terms of value, were 57% higher year-on-year in June 2026. Exports of petroleum products were up 56% while that of liquefied natural gas soared 83%. In terms of markets, deliveries more than doubled to the US, shrugging off US tariffs, while shipments to the top 10 markets were up at least 25%. Orders from China, Malaysia’s biggest trading partner, climbed 36% in terms of value.
Gross imports, meanwhile, expanded 43.9% year-on-year to RM163.00 billion in June 2026. Inbound shipments of capital goods jumped 67%, driven by non-transport items, while intermediate goods components and parts used in final assembly increased 41.3% in June 2026. Consumption goods rose 17.2% from inbound non-durables. All in all, trade surplus widened 64.9% to RM14.89 billion when compared to June 2025 but contracted 62.7% on a month-on-month basis.
SEREMBAN SENTRAL RAILWAY STATION 35% COMPLETED, READY IN MARCH 2027
The Edge, 22/07/2026
The construction project for the new Seremban Sentral railway station, which will become an integrated modern transport hub in Seremban, has reached 35% progress so far and is expected to be completed by March 2027. The project worth almost RM100 million would integrate the Seremban KTMB Station, which is over 100 years old with a new modern station, thus creating a more efficient and user-friendly transport hub. The new station was designed with a green building concept with Minangkabau-inspired architectural elements and equipped with new commercial spaces. Once completed, the station would be able to accommodate up to 30,000 passengers a day in the initial stage and has the capacity to be expanded to 120,000 passengers a day in the future.
S P SETIA LAUNCHES RM63.14 MILLION AURORA II TERRACE HOMES IN SETIA BAYUEMAS SOUTH
The Sun, The Star, Starproperty.com.my & The Edge, 20/07/2026
S P Setia Bhd has launched its Aurora II double-storey terrace homes, which carry a gross development value (GDV) of RM63.14 million, in Setia Bayuemas South precinct in Klang, Selangor. The new project comprises 69 units of double-storey terrace homes with lot sizes at 22ft by 75ft and a built-up of 1,904 and 1,967 sq. ft. The selling prices starts from RM840,000. The group noted that this follow-up development follows the successful February 2026 launch of Aurora I, which has recorded commendable sales. The homes are equipped with smart home capabilities and the developer's eGreenLiving features, including smart locks, green switches, Box 366, electric vehicle charger port provisioning, and solar photovoltaic conduit readiness. Residents will have access to green spaces such as a one-km Linear Park, Aurora Central Park, Aurora Neighbourhood Park, and the upcoming Setia Bayuemas Lake Park Two.
ELEVATED LIVING TAKES SHAPE AT NOVA PHASE 1
Starproperty.com.my, 20/07/2026
IJM Land has delivered vacant possession of Nova Phase 1, the first phase of its freehold landed enclave in Seremban 2 Heights (S2 Heights). Set on elevated terrain overlooking rolling hills and lake landscapes, the 32.24-acre development comprises 161 units across two phases. Launched in June 2024, Phase 1 features 64 two-storey semi-detached homes, five bungalows and four bungalow lots, with an estimated GDV of RM154mil and an 80% sales rate. Residents will have access to parks, a private jungle hiking trail, a 3km jogging track, a swimming pool, a gym and sports facilities. The development is targeting GreenRE Bronze Provisional certification. Nova Phase 2, which was launched in February 2025, has recorded a 70% sales rate and represents the final release of the 161-unit master plan.
RADIUM MARKS VISTA ADESA TOPPING-OUT, TARGETS 2Q27 COMPLETION
The Edge, 20/07/2026
Radium Development Bhd has marked the structural completion of Vista Adesa, its 1,218-unit Residensi Wilayah project in Sungai Besi, Kuala Lumpur, with a topping-out ceremony, as the development remains on track for completion in 2Q27. Vista Adesa is part of the broader Desa East Residences development, which carries a combined gross development value (GDV) of approximately RM1 billion. Vista Adesa comprises 1,218 affordable housing units under the Residensi Wilayah scheme. Each 800 sq. ft. unit is priced from RM300,000 and features three bedrooms and two bathrooms.
SUNSURIA HITS 88% SALES RATE FOR TALISA
The Edge, 22/07/2026
Sunsuria Bhd’s second residential phase of Bangsar Hill Park, Talisa, has achieved an 88% sales rate Targeted for completion in mid-2028, Talisa features residential units ranging from 917 to 1,478 sq. ft., with layouts from two-bedroom to 3+1 bedrooms configurations. The development comprises eight units per floor and is served by six high-speed lifts.
GEOHAN SECURES RM40.9 MILLION FOUNDATION JOB FOR MIXED DEVELOPMENT IN PERSIARAN KLCC
The Star, 22/07/2026
Geohan Corporation Bhd has secured a RM40.9 million contract for the foundation and structural works of a mixed development in Persiaran KLCC. The contract was awarded to its wholly owned subsidiary Geohan Sdn Bhd by China State Construction Engineering (M) Sdn Bhd (CSCEM). CSCEM is a subsidiary of Chinese state-owned enterprise China State Construction Engineering Corporation. The scope of Geohan's new job involves bored piling, reinforced concrete works and basement wall works for the development, which comprises two 65-storey serviced apartment towers with a total of 850 units. The works are slated for completion by early June 2027.
TA GLOBAL PARTNERS GAGGENAU, GESSI AND LAUFEN FOR CLOUTHAUS RESIDENCES
The Edge & Starproperty.com.my, 23/07/2026
TA Global has partnered with Gaggenau, Gessi and Laufen to supply kitchen appliances, fittings and sanitaryware for CloutHaus Residences, the residential component of its RM3 billion mixed-use development in Kuala Lumpur City Centre (KLCC). The collaborations were formalised through the signing of three memoranda of understanding (MoUs). Selected Gaggenau appliances, Gessi fittings and Laufen sanitaryware will be incorporated as standard across all residences.
OGX GROUP ACQUIRES NEW HEADQUARTERS FOR RM19 MILLION
The Star, 22/07/2026
OGX Group Bhd is proposing to acquire a three-storey detached warehouse with a four-storey office annexed thereto and a guardhouse, with a land area of 43,981sq. ft. in Damansara, Selangor, from Trisystems Engineering Sdn Bhd for RM19 million. The group is currently operating in two units of three-storey factories, which are located in Bukit Jelutong, Shah Alam, with an aggregate built-up area of approximately 14,000 sq. ft. These premises accommodate the group’s corporate office, comprising two large meeting rooms and 70 workstations as well as its warehouse.
HAP SENG LAND, NAZA TTDI UNVEIL KL MIDTOWN SIGNATURE OFFICE TOWERS
The Edge, 24/07/2026
KL Midtown Signature Office Towers, one of the two office components of the KL Midtown mixed-use development in Kuala Lumpur, has been completed and is now ready for occupation. KL Midtown is developed by KL Midtown Sdn Bhd, a joint venture between Hap Seng Consolidated Bhd’s subsidiary Hap Seng Land Sdn Bhd and Naza TTDI Sdn Bhd’s subsidiary TTDI KL Metropolis Sdn Bhd. Designed by architectural firm Skidmore, Owings & Merrill (SOM), the Grade A office building boasts provisional LEED Gold and GreenRE Platinum certifications. The Signature Office Towers comprise two office components with four towers in total. Each tower has a main lobby, complemented by a sub-lobby located on the podium at level five. The office development features a total net leasing area of 453,000 sq. ft. with unit built-up sizes starting from 5,950 sq. ft., up to 11,956 sq. ft. for a column-free floor plate. Tenants also have the option to combine two wings at the same floor for a larger layout. Facilities within the development include a linear park, rooftop terraces for each tower, seasonal car park allocations, shuttle services, five passenger lifts and one service lift for each wing and 3,200 basement car park lots. Office tenants may also access the adjacent Hyatt Regency Hotel’s gym with a small membership fee.
GDB HOLDINGS SECURES RM439.4 MILLION CONTRACT FOR MIXED-USE TOWER IN MONT KIARA
The Edge & The Star, 23/07/2026
GDB Holdings Bhd has secured a RM439.4 million contract with Magma Kiara Sdn Bhd, a wholly owned subsidiary of Magma Group Bhd, to construct a mixed-use tower in Mont Kiara called the Wolo Hotel & Residences. Construction of this multi-purpose tower is expected to begin in August 2026. It will be constructed by Grand Dynamic Builders Sdn Bhd, a wholly owned subsidiary of GDB, and is expected to be completed by December 2030. The tower, located in Mukim Batu, Kuala Lumpur, is expected to comprise 60 storeys. The tower will house serviced apartments, suites, hotel rooms and retail spaces.
MUI PROPERTIES UNIT SELLS BANDAR SPRINGHILL INDUSTRIAL LAND FOR RM18.7 MILLION
The Edge, 20/07/2026
MUI Properties Bhd's unit is disposing of a parcel of industrial land in Bandar Springhill, Negeri Sembilan for RM18.73 million cash to fund ongoing development and infrastructure works, while advancing its plan to position the township as a medical hub. The property developer's indirect 60%-owned subsidiary, West Synergy Sdn Bhd, is selling the land to Antmed Malaysia Sdn Bhd. The freehold land, measuring 12.3 acres, is located within Springhill Industrial Park in Port Dickson. West Synergy originally acquired the land for RM497,902 in January 1995. The disposal builds on the group’s strategy, adopted in 2024, to develop Bandar Springhill into a medical hub. Antmed, which is wholly owned by Hong Kong Antmed Ltd, is involved in medical science research and development.
In July 2024, West Synergy sold 53 acres of freehold land in Bandar Springhill to Antmed for RM80.8 million cash. At the time, MUI Properties said Antmed could help attract other healthcare-related investments and support the development of Bandar Springhill as a medical hub. Antmed’s decision to acquire further land within two years of its initial purchase reaffirmed its long-term commitment to the township. The proposed disposal continues to advance the medical hub ecosystem, while delivering financial benefits to West Synergy through improved earnings and working capital to support ongoing development.
AME ELITE, KLK LAND TO JOINTLY DEVELOP RM1.3 BILLION INDUSTRIAL PARK IN SUNGAI BULOH
The Edge, The Star & The Sun, 23/07/2026
AME Elite Consortium Bhd and KLK Land Sdn Bhd have unveiled their joint-venture (JV) 151.2-acre industrial park development named i-Park @ Coalfields in Sungai Buloh, Selangor. The industrial park will be developed by Central Gateway Development Sdn Bhd, a 60:40 JV between AME Elite and KLK Land. With a gross development value of RM1.3 billion, the park will be developed in two phases and provide options for outright purchase or lease. Phase 1 will offer 34 units of 1.5-storey semi-detached factories that come in built-ups of 10,002 sq. ft. and 10,447 sq. ft. with selling prices starting from RM650 psf. Phase 1 is now open for registration and will commence construction early next 2027.
Phase 2 will offer several other options such as detached lots, built-to-suit parcels from one acre and above, a commercial hub and a recreational park. The entire park is expected to be completed in 2033. On the target market, the developer has its eyes set on automotive, pharmaceutical, semiconductor, logistics and advanced manufacturing companies. The park will be equipped with the necessary digital infrastructure. As such, the developer also aims to achieve a GreenRE Bronze certification for the industrial park as it will be equipped with green features such as electric vehicle charging stations, solar panel-ready infrastructure, as well as an AI-powered security management system.
MYNEWS ACQUIRES 13.5-ACRE PLOT IN RAWANG FOR RM24.7 MILLION TO BUILD NEW DISTRIBUTION CENTRE
The Edge & The Star, 23/07/2026
MyNews Holdings Bhd is acquiring 13.5 acres of industrial land in Rawang for RM24.7 million in cash to build a new distribution centre. The land is currently vacant and has a remaining lease tenure of 69 years. The new distribution centre is expected to enhance supply chain efficiency, strengthen the company's asset base and support continued business expansion over the medium to long term. The group is buying the land via its wholly owned subsidiary MyNews Retail Sdn Bhd, from Thung Hing Metal Industry Sdn Bhd, a company engaged in the fabrication and installation of ventilation ducts and metal roofing, and sales of metal roofing products.
PRESTAR ACQUIRES FACTORY UNITS FOR RM15.4 MILLION
The Star, 23/07/2026
Prestar Resources Bhd plans to acquire three semi-detached factory units at Serendah Technology Park in Rawang, Selangor, for a total of RM15.43 million, as the steel products manufacturer expands its industrial footprint. Three of its subsidiaries entered into separate sale and purchase agreements (SPAs) with a vendor to acquire the three-storey factory buildings. The properties comprise land parcels ranging from about 20,107 sq. ft. to 31,119 sq. ft., with each factory offering a built-up area of approximately 9,790 sq. ft.
SWS CAPITAL IN RM16 MILLION PROPERTY SALE
The Star, 23/07/2026
SWS Capital Bhd’s wholly owned subsidiaries, U.D. Wood Products Sdn Bhd and Syarikat U.D. Trading Sdn Bhd, have entered into sale and purchase agreements with Seng Seang Trading Sdn Bhd to dispose of three leasehold industrial properties in Muar, Johor, for a total cash consideration of RM15.5 million. The assets comprised a double-storey factory/warehouse and a piece of leasehold industrial land, as well as a two-storey office together with a single-storey factory/warehouse.
PESONA METRO SECURES RM247.5 MILLION JOB TO BUILD THREE HOSPITAL BLOCKS IN SETIA ALAM
The Edge, NST & The Sun, 18/07/2026
Construction firm Pesona Metro Holdings Bhd has won a RM247.5 million contract from Setia Alam Medical Centre Sdn Bhd to undertake the construction of three private hospital blocks in Setia Alam, Selangor. The contract was awarded to its wholly owned unit Pesona Metro Sdn Bhd. The project involves the construction of hospital facilities, support facilities, mechanical and electrical (M&E) rooms, as well as parking facilities. Works are scheduled to begin on 28th July 2026 and targeted for completion by 28th January 2029. Block A will comprise 15 levels of hospital space, while Block B will include eight levels of hospital facilities and additional car park floors. Block C will consist of three levels of hospital space and five levels of parking facilities. The development will also include basement-level parking, M&E rooms and support facilities. Setia Alam Medical Centre Sdn Bhd, a subsidiary of Mega First Corporation Bhd, runs the medical centre in Setia Alam.
MAH SING TO DEVELOP RM2.2 BILLION JOHOR INDUSTRIAL PARK
The Edge, & The Sun, 23/07/2026
Mah Sing Group Bhd will develop MS Industrial Park @ Kulai, an integrated industrial development in Johor with an estimated gross development value of RM2.26 billion. The development of MS Industrial Park @ Kulai would be undertaken by M Industrial Development Sdn Bhd, a 60% owned subsidiary of Mah Sing, with KLK Land Sdn Bhd holding the remaining 40% equity interest. Furthermore, with MS Industrial Park @ Kulai, Mah Sing’s total landbank would increase to 2,683 acres, providing the group with a stronger platform to pursue future residential and industrial growth opportunities. Subject to the relevant approvals, MS Industrial Park @ Kulai is planned to comprise a diversified mix of cluster, semi-detached and detached factories.
AME REIT TO BUY THREE FREEHOLD INDUSTRIAL PLOTS IN JOHOR-SINGAPORE SEZ
The Edge, The Star & The Sun, 24/07/2026
AME Real Estate Investment Trust is purchasing three pieces of vacant freehold industrial land in i-Park @ Senai Airport City, Johor for RM50.2 million. The acquisition spans 8.87 acres of freehold land location positions the REIT to capitalise on rising demand for premier industrial space driven by investments in the Johor-Singapore Special Economic Zone (JS-SEZ). Under a new build-to-lease initiative, the REIT plans to develop three detached industrial facilities on the newly acquired land into flexible spaces that can be customised to tenant requirements, while existing on-site infrastructure will allow for reduced time for incoming companies to develop its operation sites.
ECM LIBRA GETS RM130 MILLION LOAN FOR JOHOR HOTEL
The Star, 21/07/2026
ECM Libra Group Bhd has secured a term loan of up to RM120 million and revolving credit facilities of up to RM10 million from RHB Bank Bhd to part-finance the development of a proposed beachfront hotel in Johor. The banking facilities were secured by its indirect wholly owned subsidiary, Desaru Beachfront 2 Sdn Bhd (DB2SB).
PENANG PORT SERVES AS LOGISTICS GATEWAY TO BORDER AREAS
The Sun & The Edge, 20/07/2026
Penang Port continues to play an important role as a logistics gateway for southern Thailand by handling container and cargo movements between the neighbouring country and Malaysia. The port is now handling a large number of containers to and from southern Thailand, thus strengthening its role as a regional logistics hub. The cargo is transported by containers via train from southern Thailand to Penang Port and vice versa. The port is indeed actively handling cargo and containers from Southern Thailand.
MARRIOTT INTERNATIONAL, ICONIC GROUP SIGNS AGREEMENT TO LAUNCH COURTYARD BY MARRIOTT ON PENANG MAINLAND
The Edge, 20/7/2026
Marriott International Inc and Iconic Group have signed an agreement to introduce the Courtyard by Marriott brand to Penang mainland through the rebranding of the existing Iconic Hotel Penang into Courtyard by Marriott Penang Icon City. The hotel will be located within the 9.8 acres Icon City integrated commercial development in Bukit Mertajam and is expected to open in December 2026. The project marks the latest collaboration between Marriott International and Iconic following the launch of Iconic Marjorie Hotel, a Tribute Portfolio Hotel. Courtyard by Marriott Penang Icon City is expected to feature 196 guestrooms. Upgrades will include enhancements to public areas, restaurants, recreational facilities, guestrooms, and expanded fitness and wellness amenities. The hotel is also expected to include an all-day dining restaurant, cafe, bar, outdoor swimming pool, fitness centre with sauna and steam rooms, a 6,889 sq. ft. divisible ballroom, and two meeting rooms for corporate and social events.
