Week 32 - 2026
DRAFT REAL PROPERTY DEVELOPMENT ACT IN FINAL STAGE
The Edge, 01/08/2026
A proposed Real Property Development Act is in the final stage of drafting as part of efforts to strengthen regulation of Malaysia’s property sector. The proposed law would extend regulation beyond housing to include certain commercial property developments, while ensuring a fair balance between industry and consumer interests. The proposed legislation formed part of five housing reforms introduced by the Housing and Local Government ministry to improve governance and transparency in the property sector. The reforms also included the electronic sale and purchase agreement (eSPA), the Housing Integrated Management System (HIMS), the National Property Data System and regulated housing development accounts. The reforms were aimed at ensuring Malaysia no longer had sick or abandoned housing projects by 2030.
RIYADH AIR BEGINS DIRECT FLIGHTS TO KUALA LUMPUR, ITS FIRST GATEWAY INTO SOUTHEAST ASIA
The Edge & The Star, 01/08/2026
Riyadh Air launched direct flights between Riyadh and Kuala Lumpur on 30 July 2026, making the Malaysian capital its first gateway into Southeast Asia. The flight will operate three weekly return flights between King Khalid International Airport in Riyadh and Kuala Lumpur International Airport (KLIA).
RM437 MILLION TO EASE JALAN HULU LANGAT CONGESTION
The Star, 07/08/2026
A RM437 million proposal to widen a 3km stretch of Jalan Hulu Langat has been submitted under the 13th Malaysia Plan (13MP) to ease congestion and improve connections to East Klang Valley Expressway (EKVE). The project, proposed under Rolling Plan Two of 13MP (2026-2030) would be implemented in stages in line with the Selangor Strategic Road and Highway Plan 2035 (Jalur 2035). The first phase would cover the stretch from the EKVE interchange to the Batu 14 junction. Jalan Hulu Langat, also known as Federal Route FT3210, was under the Federal Government’s jurisdiction through the Public Works Department (JKR). A RM320 million project to upgrade FT3210 from the Batu 9 junction to Jalan Datuk Alias junction had been completed. The project involved widening the road from two to four lanes and constructing flyovers at several major junctions to increase traffic capacity. Improvement works are also being carried out around the Batu 14 junction. These include widening the left-turn slip lane from Jalan Ampang (state road B62) towards Jalan Industri Hulu Langat, at a cost of RM440,000.
SP SETIA EXTENDS CONDITIONAL PERIOD FOR RM273.5 MIL BERANANG LAND DISPOSAL TO MAH SING TO 2 NOV 2026
The Edge, 04/08/2026
S P Setia Bhd and Mah Sing Group Bhd have mutually agreed to extend the conditional period to November 2, 2026, and set a final completion deadline of December 28, 2026, for the RM273.51 million land disposal in Ulu Langat, Selangor.
BMS PLANS TO BUY CHERAS LAND FOR RM23.8 MILLION, IN LINE WITH EXPANSION
The Edge, 06/07/2026 & The Star, 07/08/2026
BMS Holdings Bhd, a Johor-based tile retailer, plans to buy 1.12 acres of land in Cheras with a workshop and offices, for RM23.8 million cash as part of its expansion plans. A letter of offer was inked between BMS’ wholly owned unit, Jubin BMS (1990) Sdn Bhd and vendor Chyen Huat Hardware Sdn Bhd for the proposed land deal. The deal is still subject to a sales and purchase agreement, expected to be executed within 30 working days.
E&O, MAJESTIC GEN JV ACQUIRES RM190 MILLION JALAN KIA PENG LAND FOR PREMIUM KL RESIDENTIAL PROJECT
The Edge, 01/08/2026 & The Sun, 03/08/2026
Property developer Eastern & Oriental Bhd (E&O) and Majestic Gen Sdn Bhd will acquire a 1.4-acre freehold parcel of land along Jalan Kia Peng, Kuala Lumpur for RM189.9 million to develop a premium residential project. The land, which currently houses a 30-storey condominium, will be acquired by KP Urban Sdn Bhd from Twelve Kiapeng Sdn Bhd. Under the sale and purchase agreement, the land will be acquired on an "as is, where is" basis, free from encumbrances, with vacant possession to be delivered no earlier than Feb 28, 2027.
NESTCON SECURES RM74.5 MILLION AFFORDABLE HOUSING JOB FROM EXSIM
The Edge, 03/08/2026
Nestcon Bhd has secured a RM74.52 million contract to build an affordable apartment project in Kwasa Damansara township in Sungai Buloh, Selangor. The contract involves the construction of a 28-storey block of affordable apartments at Jalan Tasik Kenyir U4/21A in Kwasa Damansara. Construction will commence immediately and is expected to be completed within 29 months, by Jan 2, 2029.
AVALAND TOPS OUT 100%-SOLD AMIKA RESIDENCES AHEAD OF CONSTRUCTION SCHEDULE
Edgeprop.my, 07/08/2026
Avaland Bhd has topped-out Amika Residences, with construction progressing ahead of schedule. The development has also achieved full take-up. Amika Residences features 468 serviced apartment units across two towers, located in Subang Jaya.
The company also announced a development pipeline of projects with a combined estimated GDV exceeding RM1.0 billion in 2026. These include Aetas luxury residential project, Aetas Taman Desa and to be launched Accent Petaling Jaya, the group’s new premium development.
118 MALL RALLIES 200 RETAILERS AHEAD OF LAUNCH
NST, 03/08/2026
More than 200 retail partners have gathered for the inaugural 118 Mall Retailers' Get-Together, as the upcoming mall prepares for its opening in November 2026. Held at Park Hyatt Kuala Lumpur, the event brought together a range of retail brands that will form part of 118 Mall's retail offering. This includes anchor tenants Village Grocer, Makanism Foodhall, alongside international and local fashion, lifestyle as well as food and beverage brands. Among attending retailers were Adidas, Aldo, Converse, Foot Locker, Guess, Lacoste, Benjamin Barker, Chagee Signature, Nara Thai and Honolu Ramen. Family and lifestyle-focused brands such as Babyshop, Best Denki, BookXcess and Happikiddo. The mall will also feature a dedicated Malaysian Artisan District showcasing local brands including Banglo 289, Batik Boutique, Bayu Somerset and Cookiecrumbs. Located just beside the world's second-tallest building, Menara Merdeka Maybank, the 118 Mall will house more than 300 retail outlets and flagship stores.
KL CITY GATEWAY: THE NEXT CHAPTER OF KUALA LUMPUR BEGINS HERE
The Edge, 03/08/2026
KL City Gateway is a master-planned mixed-use development project jointly developed by Sunsuria Bhd and Suez Capital Sdn Bhd (Suezcap) spanning about seven acres, located between Jalan Tun Razak and Jalan Sultan Ismail. This partnership shares a common ambition — to create a landmark destination that contributes meaningfully to Kuala Lumpur’s urban landscape. It is a master-planned mixed-use precinct designed to extend the city’s Central Business District alongside KLCC, TRX and Merdeka 118.
The combination of residential, hospitality, retail, commercial and public spaces will work together seamlessly, ensuring the precinct remains active throughout the day, fostering a vibrant environment with a strong sense of place. The master plan was designed around five interconnected parcels, with one parcel dedicated as an open public space for the community. It is also among the few remaining large-scale transit-oriented developments (TOD) in the city’s urban core. Connecting the entire development is a 500m pedestrian spine, envisioned as the heartbeat of KL City Gateway. It will be lined with alfresco cafés, restaurants, lifestyle retail and everyday conveniences where residents, office workers and visitors can naturally gather and interact. Each of the remaining four parcels serves a distinct function within the broader master plan, collectively forming an integrated mixed-use ecosystem.
The first residential offering in KL City Gateway is 46-storey Sutera Suites, offering fully furnished Business Suites and Residential Suites ranging from 425 to 835 sq. ft. The features of the project include hotel-inspired lobby, three dedicated lifestyle floors for wellness, recreation, productivity and social interaction, and an exclusive Sky Lounge. Complementing the development is a collaboration with Maple Hospitality Group, a professional hospitality and property management group.
KL City Gateway enjoys direct connectivity to AKLEH and benefits from seamless access to major routes including DUKE, MEX, the SMART Tunnel, Jalan Tun Razak and Jalan Sultan Ismail. Adding another dimension to this connectivity is the future direct pedestrian link to the iconic Saloma Link Bridge. Residents will be able to enjoy a seamless walk from KL City Gateway through Kampung Baru and directly into the KLCC precinct. The development’s accessibility is further enhanced by its walking distance to Kampung Baru LRT Station.
MAGMA GROUP LAUNCHES RM850 MILLION WOLO HOTEL & RESIDENCES IN MON’T KIARA
The Edge, 04/08/2026
Magma Group Bhd has commenced construction on its RM850 million flagship 60-storey mixed-development project, Wolo Hotel & Residences in Mont’Kiara, which features a boutique hotel, serviced suites, and branded private residences slated for completion in late 2030.
SETIA AWAN LAND TO OFFICIALLY LAUNCH RM1.4 BILLION TANJONG MALIM HI-TECH PARK IN SEPTEMBER
The Edge, 03/08/2026
Setia Awan Land Sdn Bhd officially opened its Tanjong Malim Hi-Tech Park Sales Gallery. The project represents the developer's first foray into industrial property and will be officially launched in September 2026. The RM1.4 billion Tanjong Malim Hi-Tech Park spans 447 acres and is adjacent to Proton City and within the Automotive High-Tech Valley.
The entire development will comprise five phases, offering components ranging from industrial land and commercial shoplots (selling prices from RM987,000) to semi-detached factories. Phase 1 covers 103 acres across 14 industrial plots with approximately 40 acres currently available priced from RM55 psf alongside leasing options. Phase 2, named Ionera, spans 247 acres and features commercial shoplots. The information on the remaining phases will be revealed in due course.
BAC BREAKS GROUND ON RM614 MILLION PLANT IN NILAI
The Sun, 06/08/2026
BAC has broken ground on a new RM614 million (US$150 million) manufacturing facility in Nilai, Negeri Sembilan, to serve customers across the Asia-Pacific region. To be developed across an 18.2-acre site in two phases, with Phase 1 targeting completion by late 2027 and Phase 2 concluding by 2030, the plant will produce advanced sustainable cooling and liquid cooling solutions. Designed to achieve LEED Gold standards, the project will create up to 200 high-skilled engineering jobs by 2035, support local SMEs, and bolster Malaysia's digital infrastructure and net-zero goals.
RM687.9 MILLION KAPAR LAND ASSEMBLY HIGHLIGHTS NEW PLAYBOOK FOR SECURING LARGE INDUSTRIAL SITES
The Edge, 06/08/2026
WG Malaysia VIII Sdn Bhd has acquired about 157 acres of adjoining freehold industrial land in Kapar, Selangor, for a combined RM687.89 million through coordinated transactions with subsidiaries of Maybulk Bhd, Eonmetall Group Bhd, and Leader Steel Holdings. The three separate parcels measures 58.03 acres, 66.03 acres, and 33 acres, the buyer has successfully created a large, contiguous development-ready site in an established western Klang Valley industrial corridor where such scaled landholdings are increasingly scarce. The specific development details and timelines remain undisclosed.
TROPICANA CORP LAUNCHES T JOURNEY HOSPITALITY SERVICES
The Edge, 04/08/2026
Tropicana Corp Bhd has launched T Journey, its integrated hospitality management and services platform, alongside the official debut of its newly completed Assana and Merissa serviced suites at Tropicana Cenang. The launch marks the group’s formal entry into hospitality operations at the development. Within Tropicana Cenang, Phase 1, Assana, was launched in September 2021 and is now fully sold. Phase 2, Merissa Serviced Suites, was launched in June 2023. Both phases were completed in April this year.
The final phase, Clarissa Serviced Suites, has achieved a 20% take-up rate, primarily driven by foreign buyers. Tropicana Corp plans to progressively expand T Journey across future developments in Langkawi, Genting Highlands and Johor.
NEW SELGATE HOSPITALS IN SEPANG AND SHAH ALAM
The Star, 04/08/2026
The opening of Selgate Hospital Sepang in late 2026 and Selgate Hospital Setia Alam in early 2027 will expand private healthcare access across Selangor. These facilities will launch in phases with essential services like emergency care and diagnostics, aiming to reduce community reliance on city-center hospitals through a localized, community-based approach. Although Selgate operates as a private healthcare provider with standard commercial rates, the state government collaborates with them to offer community benefits, including hosting free health screening programs like Selangor Saring.
GAMUDA LANDS ANOTHER HYPERSCALE DATA CENTRE PROJECT IN PORT DICKSON WORTH RM1.71 BILLION
The Edge, 05/08/2026
Gamuda Bhd’s wholly owned subsidiary, Gamuda Engineering Sdn Bhd, has secured a RM1.71 billion contract from an unnamed US-headquartered multinational technology company to build a single-storey hyperscale data centre in Port Dickson, Negeri Sembilan. Marking Gamuda's second major data centre contract in the area this year following an April award worth RM1.72 billion, the project encompasses site infrastructure, core and shell construction, and mechanical, electrical, and plumbing (MEP) fit-out works. Construction is slated to begin in the third quarter of 2026 and conclude by the second quarter of 2028, bolstering the group's record construction order book of RM52 billion while contributing positively to earnings through to completion.
MRCB PROPOSES RM419.05 MILLION CYBERJAYA LAND SALE FOR DATA CENTRE DEVELOPMENT
The Edge, 07/08/2026
Malaysian Resources Corp Bhd (MRCB) is proposing to dispose of seven parcels of land in Cyberjaya, Selangor to Digital Cosmos Malaysia Sdn Bhd for RM419.05 million cash under a conditional sale and purchase agreement (SPA). MRCB via its indirect wholly owned subsidiary, Subang Sentral Sdn Bhd (SSSB), had entered into the SPA with Digital Cosmos Malaysia, a wholly owned subsidiary of Digital Cosmos (S) Pte Ltd. The purchaser is principally involved in the development and operation of data centres. The proposed disposal involves seven parcels currently measuring approximately 36.66 acres, which are subject to a surrender and re-alienation exercise. Upon the completion of the surrender and re-alienation exercise, the land is expected to be held under a single new title measuring approximately 45.81 acres. Barring unforeseen circumstances and subject to the fulfilment of the conditions precedent, the proposed disposal is expected to be completed in 4Q27.
CPE TECH BUYS LAND WITH FACTORY IN JOHOR FOR RM10 MILLION, SPENDS RM21 MILLION ON MACHINERY
The Edge, 05/08/2026
CPE Technology Bhd's wholly-owned subsidiary, Champion Precision Technology Sdn Bhd, has announced plans to acquire a 0.99-acre land parcel housing a factory building in Ulu Tiram, Johor, from Flomatic Industries Sdn Bhd for RM10 million, alongside 70 units of turning and milling machinery from Yamazen (M) Sdn Bhd and Numac Machinery Sdn Bhd for RM21.02 million. Scheduled for completion by 2Q27, the strategic expansion aims to bolster CPE Tech's manufacturing capabilities near its existing facilities, enhance operational efficiency and machining accuracy, and expand production capacity to meet growing business demand.
SUNWAY CONSTRUCTION BAGS DATA CENTRE ENGINEERING CONTRACT WORTH OVER RM1 BILLION
The Edge, 03/08/2026 & The Sun, 04/08/2026
Sunway Construction Group Bhd has secured an engineering contract worth RM1.02 billion for a data centre project in Johor. The job is expected to be completed by 4Q27. The client was only identified as a US-headquartered multinational technology company, and the exact location of the data centre were not disclosed.
BRIDGE TO PULAU JEREJAK TO BE FINISHED IN 2029
The Star, 01/08/2026
A RM500 million bridge from Penang Island to Pulau Jerejak is coming under a private-sector project that will provide the island with its first permanent road connection. The project which is expected to be completed in 3Q29 comprises a 1km bridge and 4km of connecting roads. The bridge will have two lanes in each direction, along with dedicated pedestrian and bicycle lanes. It will serve a mixed development on Pulau Jerejak comprising residential units, commercial lots, offices and other components. Preliminary site works are under way near Queensbay Mall, where the construction site has been fenced off and a project information board installed. The bridge is being developed by Tropical Island Resort Sdn Bhd, the master developer overseeing the redevelopment of Pulau Jerejak.
NESTCON BAGS RM243 MILLION JOB IN PENANG
The Star, 06/08/2026
Nestcon Bhd has secured a RM243 million contract from Exsim Waterfront Sdn Bhd to undertake the main building and infrastructure works for a 57-storey serviced apartment project in George Town, Penang. The project is scheduled to commence on January 18, 2027, and is expected to be completed within 35 months by December 17, 2029. The contract is anticipated to contribute positively to the firm's earnings, net assets per share, and gearing, with no exceptional risks foreseen beyond normal operational challenges.
