Week 33 - 2025
DOSM: UNEMPLOYMENT RATE STEADY AT 3.0% IN JUNE 2025, UNEMPLOYED NUMBERS DROP TO 518,700
The Edge, 11/08/2025, The Star & The Sun, 12/08/2025
June’s unemployment rate held at 3.0%, with unemployed numbers declining to 518,700, according to the Department of Statistic Malaysia. The labour market maintained its positive growth momentum in June 2025, driven by the national economy’s continued expansion. This was reflected in a steady rise in employment and a further decline in unemployment. Thus, the labour force continued its upward trend in June 2025, increasing by 0.3% month-on-month to 17.43 million persons (May 2025: 17.38 million persons). The labour force participation rate (LFPR) in June 2025 stood at 70.8%, consistent with the rate recorded in May 2025.
Commenting on the overall performance for 2Q25, the labour force experienced a growth of 0.8% to 17.37 million persons, compared to 17.23 million in 1Q25. Meanwhile, the LFPR increased marginally by 0.1 percentage point to reach 70.8%, compared to 70.7% in 1Q25. Reflecting this trend, the number of employed persons increased by 0.9% to 16.85 million persons (1Q25: 16.70 million persons). Meanwhile, the number of unemployed persons showed a decline of 1.0% to 520.9 thousand persons (1Q25: 526.3 thousand persons). The unemployment rate for 2Q25 dropped by 0.1 percentage point to 3.0%, compared with 1Q25.
AIRASIA X SPREADS WINGS WITH KL–ISTANBUL DIRECT SERVICE
The Sun, 13/08/2025
AirAsia X Bhd (AAX) will return to Europe for the first time in over a decade with the launch of a direct service between Kuala Lumpur and Istanbul, Turkiye, starting 14th November 2025. The new route, operated four times weekly on an Airbus A330-300, will connect Kuala Lumpur International Airport to Istanbul Sabiha Gökçen International Airport. AAX is offering promotional all-in one-way fares from RM499 for economy and RM3,999 for premium flatbed. The promotion runs until 20th August 2025 for travel between 14th November 2025 and 14th September 2026, bookable via airasia.com or the AirAsia MOVE app. Passengers can also enjoy up to 45% off checked baggage.
SUBANG’S PREMIUM CITY AIRPORT AMBITION HELD BACK BY STRUCTURAL LIMITATIONS
The Edge, 13/08/2025
Plans to turn Sultan Abdul Aziz Shah Airport (Subang Airport) in Subang, Selangor, into a premium city airport and regional aviation hub have suffered a setback after another airline announced that it is pulling out its jet services. FlyFirefly Sdn Bhd (Firefly) the low-cost subsidiary of Malaysia Aviation Group Bhd (MAG), announced that it would cease its jet flights out of Subang Airport starting August 19, 2025 but would continue operating its turboprop services there. Firefly is the second airline to discontinue jet operations at the airport; low-cost carrier AirAsia relocated all of its jet services to Kuala Lumpur International Airport (KLIA) in April 2025.
Their departure leaves three airlines operating jets out of Subang Airport: Batik Air Malaysia, Singapore’s Scoot Pte Ltd and Indonesia’s PT TransNusa Aviation Mandiri. Cathay Pacific Airways’ budget airline Hong Kong Express Airways Ltd joined them with daily flights from Hong Kong to Subang beginning August 1, 2025.
INFOMINA GEOLYTIK LAUNCHES DIGITAL PROPERTY VALUATION PLATFORM VALUATIONXCHANGE
The Edge, 12/08/2025 & Starproperty.my, 13/08/2025
Infomina Geolytik Sdn Bhd has officially launched ValuationXchange, a digital property valuation platform that connects valuers, banks and real estate professionals to enable risk-informed lending decisions. Infomina Geolytik is a joint venture between technology solutions provider Infomina Bhd and Geolytik Tech Sdn Bhd. ValuationXchange is endorsed by PEPS Ventures Bhd, the commercial arm of PEPS Malaysia. The platform will help bring efficiency and compliance to the valuation industry. Furthermore, the platform also allows property agents to prevalidate buyers' credentials before valuation and loan submission, which helps to reduce rejection rates, shorten the processing timelines and give homebuyers a transparent experience.
HCK CAPITAL TO ACQUIRE ANOTHER PLOT OF LAND FROM BANDAR SETIA ALAM FOR RM19.35 MILLION
The Edge, 11/08/2025 & The Star, 12/08/2025
HCK Capital Group Bhd has entered into a deal to acquire a third parcel of freehold land in Setia City BizPark from Bandar Setia Alam Sdn Bhd for RM19.35 million. With the purchase of this parcel measuring 1.23 acres, HCK Capital is acquiring an aggregate 3.66 acres from Bandar Setia Alam for a cumulative RM57.99 million in cash.
Y&G TO ACQUIRE RM477 MILLION WORTH OF LANDBANK FROM MAJOR SHAREHOLDER'S FAMILY
The Edge, 11/08/2025 & The Star, 12/08/2025
Y&G Corp Bhd plans to acquire 584.4 acres of land from the family of its managing director and major shareholder, Datuk Seri Yap Seng Yew, for RM477 million, cash, over four times the group's market capitalisation, which stood at RM108.15 million. The property developer had entered into agreements to acquire 95.02 acres in Sepang for RM206 million and 367 acres in Ujong Permatang, Kuala Selangor, for RM189 million. It is also spending RM82 million to buy a company holding 86.4 acres of land in Sepang. The deals are considered related-party transactions as the vendors are linked to Seng Yew and his family.
For the 95.02-acre Sepang land, Y&G’s wholly owned Nusa Wibawa Sdn Bhd signed a conditional sale and purchase agreement with Nurani Saujana Sdn Bhd. The RM206 million price tag matches the fair market value determined by independent valuer Jones Lang Wootton.
For the 367-acre Ujong Permatang parcel, Y&G’s wholly owned Duta Asiana Sdn Bhd entered a conditional sale and purchase agreement with Asian Regal Holdings Sdn Bhd. Asian Regal is owned in equal parts by Jun Jien and Jun Wei. The purchase price of RM189 million represents a 1.56% discount to the independent valuer's assessment of RM192 million.
Lastly, Y&G signed a conditional shares sale agreement with Jun Jien and Jun Wei to acquire all the shares in property developer Konsep Wawasan Sdn Bhd for RM82 million. Jointly owned by the brothers, Konsep Wawasan is the beneficial owner of 569 sub-divided parcels of land in Sepang, totalling 349,584 square metres (or 86.4 acres). The RM82 million price tag is a 0.87% discount to Konsep Wawasan's adjusted net assets of RM82.72 million as at end-2024, after deducting the loss-making company's liabilities, the land's audited net book value, as well as deferred tax, from the land's RM170 million market value.
The acquisitions are expected to be finalised by 4Q25, pending approval from shareholders and other relevant regulatory bodies. UOB Kay Hian Securities (M) Sdn Bhd is the independent adviser to the non-interested directors and shareholders for these proposals.
INTA BINA SECURES RM265 MILLION APARTMENT CONSTRUCTION JOB
The Edge, 11/08/2025 & The Star, 12/08/2025
Inta Bina Group Bhd has secured a RM264.5 million contract to build two serviced apartment blocks in Segambut, Kuala Lumpur. The group’s wholly owned subsidiary, Inta Bina Sdn Bhd, accepted the contract from GDP Architects Sdn Bhd, acting on behalf of 368 Segambut Sdn Bhd, a joint venture between IJM Land Bhd and FCW Holdings Bhd. The 38-month contract will commence on 18th August 2024.
SEVEN IDAMAN AFFORDABLE HOUSING PROJECTS TO BE BUILT BY GAGASAN NADI CERGAS, PNSB UNTIL 2030
The Edge, 09/08/2025
Gagasan Nadi Cergas Bhd and Permodalan Negeri Selangor Bhd (PNSB) are on track to deliver over 15,000 Idaman affordable housing units over seven projects by 2030. These projects are located in Kwasa Damansara, City of Elmina and Bandar Rimbayu. Together with Rumah Idaman Bukit Jelutong, the total gross development value (GDV) for all eight projects is RM4 billion. There are three projects in Kwasa Damansara: Idaman Kwasa Damansara R4-1 (GDV: RM453.1 million), Kwasa Damansara R4-2 (GDV: RM849 million), and Kwasa Damansara R4-2A (GDV: RM1.15 billion). Idaman Kwasa Damansara R4-1, which will consist of 1,669 units on 13.9 acres of land, has a sales rate of 73%. The estimated completion date is set to be in 2027. Idaman Kwasa Damansara R4-2 will consist of 3,025 units on 25.2 acres of land, and the completion date is set to be in 2029. Idaman Kwasa Damansara R4-2A, offering 4,183 units on 34.9 acres of land, will be launched after 2027, with the completion date in 2030.
The other three projects located in City of Elmina are Idaman Amani with an estimated GDV of RM279.5 million, Idaman Elmina 5 with an estimated GDV of RM134.5 million, and Idaman Elmina 12 with an estimated GDV of RM370.5 million. Idaman Elmina will have 1,063 units on 8.9 acres of land. It launched in May 2024 and is scheduled to be completed in 2028. Idaman Elmina 5 will consist of 523 units on 4.4 acres of land and is set to launch in 2025, with the completion date expected in 2027. Idaman Elmina 12 will offer 1,551 units on 12.9 acres of land. The launch date and completion date have yet to be confirmed. The final project is in Bandar Rimbayu the RM533.3 million Idaman Rimbayu with 1,932 units on 18.2 acres of land. It is set to launch in 2026, and to be completed in 2030. Meanwhile, Gagasan Nadi Cergas and PNSB delivered the vacant possession to the homeowners of Rumah Indaman Bukit Jelutong on 8th August 2025. Launched in 2022 and completed in June 2025, the residential development offers 1,260 units on 10.5 acres of land.
ARMANI GROUP LAUNCHES ARMANI HALLSON KLCC
Starproperty.my, 13/08/2025
Property developer Armani Group has launched Armani Hallson KLCC, a freehold development comprises Small-office-Versatile-office (SoVo) and Small-office-Home-office (Soho) units located at the former SJKC Lai Meng at Jalan Ampang. At an estimated gross development value (GDV) of RM3 billion, Armani Hallson KLCC consists of two towers that house 1,440 Sovo units and a third tower with 775 Soho units. It will have a covered walkway spanning the main road to KLCC while two major transit stations - Monorail Bukit Nanas and KLCC LRT are located within walking distance.
SIME DARBY PROPERTY TO LAUNCH PHASE 2 OF THE REYA AT KL EAST ON AUG 16, FOLLOWING 80% TAKE-UP OF PHASE 1
The Edge, 14/08/2025
Sime Darby Property Bhd will launch Phase 2 of The Reya at its 159-acre KL East masterplan in Desa Melawati on August 16 following the 80% take-up of Phase 1. Situated on a 6.39-acre freehold tract and with a gross development value of RM475 million, The Reya offers one tower comprising two wings, namely Wing A (30 storeys) and Wing B (32 storeys), which are also known as Phases 1 and 2 respectively.
Phase 1 offers 233 units, while Phase 2 offers 247 units. These units have built-ups ranging from 1,350 to 2,210 sq. ft. with configurations of three to five bedrooms and selling prices from RM899,000. The entire project is expected to be completed in July 2029. Some facilities in the development include an infinity pool, co-working lounge, games room, multipurpose hall cum badminton and pickleball court as well as a BBQ area.
The development is a short walk from KL East Mall, KYS KL East International School and the 53-acre KL East Park. It is also located near the Gombak LRT Station, Gombak Integrated Transport Terminal (ITT) and the ongoing ITT Gombak East Coast Rail Link station.
DATARAN PAVILION: THE EPITOME OF LUXURY LIVING IN THE HEART OF KLCC
Edgeprop.my, 13/08/2025
Dataran Pavilion (Pavilion Square), developed by the Pavilion Group, is a premier mixed-use development in Kuala Lumpur's Golden Triangle. The project, which includes serviced apartments, corporate suites, and commercial retail, has demonstrated strong market performance with an approximate 71.3% absorption rate for the reviewed units. Its key selling points are an unbeatable location, seamless connectivity to Pavilion Kuala Lumpur, and a suite of luxury amenities, positioning it as a prime investment and lifestyle opportunity.
As of August 2025, the project has an absorption rate of approximately 71%, with 464 units sold and 187 units remaining according to data from the Housing and Local Government Ministry (KPKT). The average transacted rate is 2.5 million as of 2024. Dataran Pavilion’s indicative price range is exceptionally broad, spanning from RM1,319,000 to RM5,409,000.
MARRIOTT EXECUTIVE APARTMENTS OPENS LARGEST PROPERTY IN ASIA-PACIFIC OUTSIDE CHINA IN KL
The Edge, 14/08/2025 & NST, 15/08/2025
Mariott Executive Apartments has opened its largest property in the Asia-Pacific outside China, offering 353 serviced units in the heart of Kuala Lumpur near the KLCC Park. The development offers studio to three-bedroom units, catering to both short- and long-term stays. Room sizes range from 517 sq. ft. to 1,496 sq. ft. with amenities such as a lap pool, 24/7 fitness centre, rooftop event spaces and family-friendly areas including a children’s splash zone and playroom. Each apartment includes a kitchen, living and dining area, in-unit laundry facilities and views of the city, hill or the KLCC Park, depending on the layout.
The development is directly accessible via the Suria KLCC LRT and Conlay MRT stations and is within walking distance of the Petronas Twin Towers, Suria KLCC and the Kuala Lumpur Convention Centre. Dining is centred around Bistro Kia Peng, which serves modern Malaysian cuisine for breakfast, lunch and dinner.
TURIYA PROPERTIES TO BUY VACANT WISMA SENTRAL INAI FOR RM135 MILLION, FUNDED BY CHAIRMAN’S CASH INJECTION
The Edge, 15/08/2025
Turiya Bhd’s unit plans to acquire the 12-storey Wisma Sentral Inai in Kuala Lumpur for RM135 million through a cash injection from its executive chairman, Datuk Seri Shamir Kumar Nandy. Turiya is buying the 31-year-old office building from Sentral Real Estate Investment Trust (REIT) to boost revenue, quickly attract tenants, and diversify income away from its semiconductor business.
Wisma Sentral Inai, which has been vacant since July 2022, is generally in good condition, according to Turiya. However, Turiya plans to spend RM3.5–RM4 million on repairs within six months of acquisition, funded through internal funds and/or borrowings. The acquisition is conditional on the cash injection by Shamir and is expected to be completed in 4Q25.
IKON @ CENTRIO BEGINS HANDOVER IN SEREMBAN 2
The Edge, 14/08/2025
IJM Land, the property division of IJM Corporation Bhd has commenced the handover of commercial units at IKON @ Centrio in Seremban 2. The handover will be carried out in phases. IKON @ Centrio spans 26.8 acres and comprises two- and three-storey lifestyle shop units, with sizes ranging from 3,537 to 7,305 sq. ft. The project is designed to accommodate businesses in F&B, retail, healthcare, education and other service sectors.
With the completion of IKON @ Centrio, Seremban 2 is advancing as a key commercial destination within the expansive Malaysia Vision Valley 2.0 (MVV2) corridor. Seremban 2 is home to over 60,000 residents and serves a wider catchment of more than 100,000 people. A residential counterpart, IKON Residences, is slated for soft launch in 3Q25. The 44-storey freehold development opposite IKON @ Centrio has an estimated gross development value of RM380 million. Together, both developments aim to create an integrated commercial-residential precinct within Seremban 2. The township is accessible via the North-South Expressway, ELITE and LEKAS highways, which supports regional access to Kuala Lumpur, the Kuala Lumpur International Airport (KLIA) and neighbouring districts.
INFINITY8 ACHIEVES NEAR 100% OCCUPANCY AT ITS RESERVE TRX FLAGSHIP OUTLET
The Edge, 12/08/2025
INFINITY8, Malaysia’s homegrown workspace and corporate solutions provider, achieved a near 100% occupancy at its INFINITY8 Reserve TRX outlet at Exchange 106 at Tun Razak Exchange (TRX). INFINITY8 Reserve TRX is located on Level 23, and spans across 30,000 sq. ft. It offers workspaces and services such as private suites with the starting monthly rental rate of RM1,200 per person, and hot desks from RM699 to RM799 per person. A discussion room with interactive smart TVs and an event space is also offered.
INFINITY8 is set to continue its momentum with the upcoming launch of the new 24,000 sq. ft. INFINITY8 Reserve Sunway Square in 4Q25 at Sunway City. It will be designed based on sustainable growth and long-term business enablement, with a focus on attracting more entrepreneurs, corporations and communities.
BLACKBERRY EXPANDS APAC HQ IN MALAYSIA TO STRENGTHEN ASEAN GROWTH DRIVE
NST, The Star & The Sun, 14/08/2025
Canada's BlackBerry Ltd has expanded its secure communications division's Asia Pacific (APAC) regional headquarters in Malaysia, underscoring its long-term commitment to the country as a strategic hub and to accelerating growth across the wider Asean market. The expansion strengthens BlackBerry's footprint in three strategic locations – Cyberjaya, central Kuala Lumpur, and Mont Kiara – building on the March 2024 launch of the Malaysian Communications and Multimedia Commission (MCMC) – BlackBerry Cybersecurity Centre of Excellence (CCoE) in Cyberjaya. The move incorporates a new sales and marketing office, as well as a dedicated regional support centre staffed by over 50 technical experts, enabling 24/7 support and professional services across the APAC region. The company expansion comes with enhanced 24/7 support as the country grows as a regional hub for digital resilience and innovation amid increasingly complex risks.
MALLS REQUIRED TO HAVE RECYCLING FACILITIES BY 2026
The Sun, 09/08/2025
All shopping malls nationwide will be required to have recycling facilities starting 1st January 2026, failing which their business licences will not be approved, said Housing and Local Government Minister. The move is part of efforts to intensify the “trash to cash” and “waste to energy” agenda under the 13th Malaysia Plan (13MP), in line with Prime Minister’s call to increase the recycling rate in Malaysia. Under 13MP, the ministry would also step up public awareness campaigns promoting the “rethink, reuse, reduce, recycle” concept, starting with educating schoolchildren. On waste-to-energy development, Malaysia would adopt the most advanced and proven technologies from abroad to ensure sustainable operations.
SOUTH KOREA'S LOTTERIA EXPANDS TO MALAYSIA IN PARTNERSHIP WITH SERAI GROUP
NST, 09/08/2025
South Korean giant Lotte Corp, through unit Lotte GRS is bringing the globally celebrated burger franchise Lotteria to Malaysia in partnership with Serai Group Sdn Bhd. The initiative is part of Lotte's wider ambition to expand its K-burger footprint across Southeast Asia and beyond. The collaboration marks a milestone in its continued growth as a key player in the Malaysian food and beverage (F&B) industry. Under the partnership, Serai Group plans to open 30 Lotteria outlets across Malaysia within the next five years, with the first store slated to open by the end of 2025. The agreement does not grant Serai Group the rights to sub-franchise the Lotteria brand or operate outlets beyond Malaysia.
Founded in 1979, Lotteria is one of South Korea's most beloved quick service restaurant brands. With successful entries into markets like Vietnam, Myanmar, Laos and Mongolia, the brand now turns its sights to Malaysia, bringing with it a commitment to both localisation and quality.
PARAMOUNT SNAPS UP LAND IN KULIM FOR RM128.7 MILLION, TO DEVELOP RM946 MILLION TOWNSHIP
The Edge, 09/08/2025
Paramount Corp Bhd is buying four freehold land parcels in Bandar Lunas, Kulim totalling 295.55 acres for RM128.74 million. The land will be developed into a township with an estimated gross development value (GDV) of RM946 million. The group’s wholly owned unit, Paramount Property (Seaview) Sdn Bhd, has signed a sale and purchase agreement with Golden Bluechip Sdn Bhd for the proposed acquisition. Located about four kilometres north of Phase 4A of the Kulim Hi-Tech Park (KHTP), Paramount said the acquisition will enable it to tap into KHTP’s expansion plans and Kulim’s potential population growth to launch a new township with residential, commercial and industrial properties, along with amenities.
The township project boosts the group’s total GDV to RM5.49 billion.
LBS BRINGS CAMERON HIGHLANDS PROJECT CLOSER TO KLANG VALLEY WITH NEW SALES GALLERY
The Edge, 09/08/2025
LBS Bina Group Bhd has launched a satellite sales gallery in Petaling Jaya to offer Klang Valley homebuyers easier access to its Centrum Iris development in Cameron Highlands. The gallery showcases scale models, layout previews, and offers personalised consultations with LBS sales representatives. Centrum Iris is the latest phase of the Cameron Centrum township, featuring 705 residential and 26 commercial units with a gross development value of RM472 million. It follows the full occupancy of Precinct 1. Strategically located in Brinchang’s tourism and commercial centre, Centrum Iris is the first GreenRE Silver-certified project in Cameron Highlands. The project includes electric-vehicle charging bays, rooftop cafés, and 47 lifestyle facilities.
PANTECH GLOBAL TO ACQUIRE KLANG LAND FOR RM29 MILLION, SCRAPS ORIGINAL IPO SITE PLAN
The Edge, 15/08/2025
Newly-listed Pantech Global Bhd has bought a parcel of industrial land in Klang, Selangor, for RM29 million in a bid to fast-track its expansion plans, while scrapping its earlier land acquisition earmarked under its initial public offering (IPO) exercise. The carbon steel pipe fittings manufacturer said the proposed acquisition will be undertaken by its wholly-owned subsidiary Pantech Steel Industries Sdn Bhd from Uptown Promenade Sdn Bhd, a unit of Rhong Khen International Bhd. The freehold site measures approximately 4.84 acres and carries an industrial title. The site, dubbed “Klang Factory 2”, will serve as its new corporate headquarters, production facility and warehouse by 2028. The change in land acquisition plans followed regulatory delays with the “Original Land” purchased under its IPO, which was located approximately 2.5km away from its existing Klang operations.
With the revised plan, the total allocation for land acquisition under the IPO exercise including ancillary costs has been cut from RM35 million to RM30 million, with the RM5 million in savings channelled into construction works. The company has also scrapped plans to build a workers’ hostel using IPO proceeds, reallocating the RM3 million set aside for that to construction, raising the budget for factory works to RM16 million.
MALAYSIA'S CONSTRUCTION SECTOR GROWTH AT 12.9% WITH WORK DONE WORTH RM43.9 BILLION IN 2Q25
The Edge, 11/08/2025 & The Sun, 12/08/2025
Malaysia’s construction sector maintained steady growth of 12.9%, with the value of work done reaching RM43.9 billion in 2Q25, following a 16.6% increase in 1Q25, according to the Department of Statistics Malaysia. The growth was driven by continued expansion in the special trade activities and non-residential buildings sub-sectors, which posted substantial double-digit growth of 22.2% and 16.2% respectively. The residential buildings sub-sector also contributed significantly, expanding by 13.9%, while the civil engineering sub-sector maintained a positive trend with a growth of 7.5%. Adding that of RM43.9 billion of work done value, a total of RM16.3 billion or 37.1% was attributed to the civil engineering sub-sector, primarily in the activity of construction of utility projects of RM8.1 billion and road s and railways at RM6.5 billion. The value of work done for the non-residential buildings and residential buildings sub-sectors accounted for RM12.4 billion (28.2%) and RM10 billion (22.8%) respectively. Additionally, the special trade activities sub-sector accounted for RM5.2 billion (11.9%), largely in site preparation (RM1.5 billion), electrical installation (RM1.2 billion), and plumbing, heat and air-conditioning installation (RM1.1 billion) activities.
The private sector remained the primary driver of growth in the sector, contributing RM28.2 billion or 64.2% of the total value. The private sector sustained its double-digit growth momentum at 19.3% growth from 23.7% in 1Q25, propelled by strong performance in the non-residential buildings (23.7%) and the special trade activities (22.8%) sub-sectors. Apart from that, the value of work done by the public sector increased by 3.1% (1Q25: 6.3%) to RM15.7 billion (share: 35.8%), fuelled by the special trade activities sub-sector at 20.8% growth.
On the states’ performance, nearly 61.1% of the total work done value was concentrated in Selangor, Johor, Sarawak and the Federal Territories (Kuala Lumpur, Putrajaya and Labuan). The construction value in Selangor amounted to RM9.7 billion or 22.2%, contributed by non-residential buildings of RM3.2 billion, followed by the residential buildings (RM2.9 billion) and civil engineering (RM2.4 billion) sub-sectors. Meanwhile, Johor ranked second with a value of RM7.7 billion or 17.5%, primarily from the non-residential buildings (RM3.4 billion) sub-sector. In the meantime, the value of work done in Sarawak was RM5.2 billion (11.9%), while the Federal Territories recorded RM4.2 billion (9.5%).
TASK FORCE FOR SICK, ABANDONED PROJECTS REVIVED OVER RM113 BILLION WORTH OF HOMES
The Edge, 13/08/2025
A total of 1,171 private housing projects with a gross development value (GDV) of RM113.55 billion have been revived by the Task Force for Sick and Abandoned Private Housing Projects under the Ministry of Housing and Local Government. This achievement involved the revival of 139,848 housing units since the task force’s first meeting in 2023. For 2025 alone, up to June 2025, the task force had successfully revived 244 private housing projects involving 27,101 housing units with a GDV of RM21.07 billion. It also successfully completed five abandoned projects involving 887 housing units with a GDV of RM55.74 million through the method of completing the projects until obtaining the certificate of completion and compliance. The five projects were: Taman Meru Makmur and Pangsapuri Impian Meru in Klang, Selangor; Taman Mega 1, Mukim Kerteh, Kemaman, Terengganu; Taman Desa Kempas, Phase 3, Tebrau, Johor; and Taman Megah Edora, Bachok, Kelantan. To date, the task force had detected and is monitoring 233 private housing projects categorised as delayed, 360 as sick, and 109 as abandoned nationwide.
MGB SECURES RM186 MILLION APARTMENT CONSTRUCTION JOB IN JOHOR
The Edge, 12/08/2025
MGB Bhd has secured an RM185.99 million contract to develop serviced apartments in Iskandar Puteri, Johor. The contract, awarded by CI Medini Sdn Bhd, will be carried out in two phases. Phase 1 comprises 405 units of apartments on 32 floors of a tower block, along with a seven-storey podium car park with facilities on the eighth floor. Construction is scheduled to begin on 1st September 2025 and is targeted for completion in November 2027. Phase 2 will have 397 units of apartments on 31 floors of a second tower block to be completed within 18 months from a yet-to-be-confirmed commencement date.
SDS GROUP BUYS MAMEE’S FACTORIES IN JOHOR FOR RM28 MILLION
The Edge, 15/08/2025
SDS Group Bhd is acquiring factories, production lines and related assets from Mamee Bakery Sdn Bhd in Plentong, Johor for RM28 million as part of its expansion. The assets include the factories’ full production lines of machinery, equipment and tools for producing. The acquisitions will enhance manufacturing capacity and operational scalability, enabling the group to better meet growing demand and adapt to changing consumer preferences. The group expects to complete the acquisitions by 3Q26.
IJM CORP UNIT SECURES RM1.4 BILLION DATA CENTRE PROJECT IN JOHOR, ITS BIGGEST YET
The Edge, 15/08/2025
IJM Corporation Bhd, via its wholly owned subsidiary IJM Construction Sdn Bhd, has secured a RM1.4 billion contract to build a large-scale data centre in Johor Bahru, its biggest data centre project to date. This marks IJM Construction’s fourth data centre project in Johor. The client’s identity was not disclosed. The fast-track contract involves constructing a six-storey data centre with integrated office facilities, as well as a refuse and recycling facility. With a gross floor area of about 667,362.45 sq. ft., IJM Construction will undertake the full civil and structural works using a pre-cast system — including columns, beams and hollow-core slabs — complemented by steel structures for mechanical and electrical (M&E) plant installations. The project, scheduled for completion in September 2026, carries a 13-month delivery timeline.
The surge in artificial intelligence (AI), cloud services and high-density computing is spurring record investment in Malaysia’s digital infrastructure. Johor’s role as a strategic regional hub makes such projects vital, and IJM Corp is well-positioned to provide the capacity and performance that operators demand.
EXSIM GROUP HANDS OVER 22 MACALISTERZ @ GEORGE TOWN; NOORDINZ SUITES @ GEORGE TOWN IS 100% SOLD OUT
The Edge, 11/08/2025
Exsim Group delivered vacant possession of 22 Macalisterz @ George Town on 9th August 2025, its first residential development in Penang. 22 Macalisterz @ George Town with gross development value of RM266 million with 418 units (36 storey) of four different types, with built ups ranging from 340 to 497 sq. ft. on a land area of 1.11 acres, with selling prices ranging from RM491,000 to RM736,800. The development’s facilities are spread out across three zones — The Cloud Forest on Level 1 and Level 2, The Forest Shade on Level 11 and The Rain Drops on Level 36. The development features amenities like the Sky Infinity Pool, Herbs Terrace, Hydrotherapy Corner and Muscles & Bustles Gym, as well as a co-working space called Imaginary Realm. The project will also include 232 parking lots. During the handover event, it was also mentioned that Exsim Group will be launching a serviced apartment called The Lighthauz, with details to come at a later date. The event also featured a Malaysia Book of Records recognition ceremony, where Mana Mana Hospitality, a brand owned by Exsim Hospitality Bhd, was honoured for achieving the title of the “Largest Short-Stay Management Company Chain”.
Additionally, Exsim Group’s serviced apartments in Penang, Noordinz Suites @ George Town, has been 100% sold. It was launched in 1Q24 with the target completion date in 3Q27. The 29-storey Noordinz Suites @ George Town will consist of 603 units with built-up sizes ranging from 377 to 603 sq. ft. on a land area of 1.91 acres. The selling prices range from RM626,500 to RM956,300.
THE SKYLINE: A REVIEW OF MODERN HILLSIDE LIVING IN PENANG
Edgeprop.my, 15/08/2025
The Skyline, a project by PLB Land Sdn. Bhd, is an upcoming freehold condominium in Bukit Jambul, Penang. The Skyline offers 290 units, features low-density living with only 10 units per floor, spacious layouts ranging from 1,200 to 1,950 sq. ft., and dual-angle views of either the cityscape or surrounding hillsides. Prices starting from RM249,950 to RM1,383,850, which appeals to a broader market, from first-time homebuyers to those seeking a more luxurious and spacious living environment. It is targeted to be completed in 2028.
The Skyline offers a curated selection of facilities designed for relaxation, wellness, and community living such as swimming pool & wading pool, steam room, gym, yoga room, zen garden and multi-purpose hall.
US-BASED CHIPMAKER AMD OPENS NEW PENANG FACILITY TO STRENGTHEN AI, SEMICONDUCTOR CAPABILITIES
The Edge, 14/08/2025 & NST, 15/08/2025
US-based chipmaker AMD has expanded its operations in Malaysia by opening a new office and engineering lab in Bayan Lepas, Penang. Located at GBS by the Sea, the 209,000 sq. ft. facility is designed to support more than 1,200 employees and features open workspaces alongside state-of-the-art engineering labs.
The new facility will enhance the company’s ability to develop, build and deliver next-generation high-performance, adaptive and artificial intelligence (AI) computing solutions across its portfolio, while reinforcing Malaysia’s role as a hub for technological innovation. AMD’s five-decade presence in the state underscores its position as a sustainable and thriving investment destination.
SKYWORLD UNIT BUYS RM83 MILLION LAND IN SEBERANG PERAI FOR MODULAR HOUSING FACTORY
The Edge, 09/08/2025
SkyWorld Development Bhd has entered into a deal to acquire 26.4 acres of freehold land in Seberang Perai Tengah, Penang, for RM82.7 million. The land, to be acquired through its 70%-owned indirect subsidiary Prefab Master (Penang) Sdn Bhd, will be used to build a factory to manufacture prefabricated and prefinished modular systems. The acquisition will be supporting the previously announced affordable housing projects in Penang that the group is jointly undertaking with the Penang Development Corporation (PDC) and PDC Properties Sdn Bhd. The site benefits from established infrastructure, excellent accessibility and proximity to amenities enabling the efficient, cost-effective transport of 3D modular systems to both housing project sites. The factory, slated to be operational by 2Q26, is expected to give the group a competitive edge in pursuing large-scale developments by leveraging its manufacturing capabilities and streamlined supply chains.
VIVAX-METROTECH SETS UP RM48 MILLION MANUFACTURING FACILITY IN PENANG
The Sun, 12/08/2025
Vivax-Metrotech Corporation (VXMT), a global leader in advanced utility locating and inspection technologies, has announced the establishment of a new manufacturing facility in Penang, with the investment valued at RM48 million, creating 175 high-skilled jobs. Malaysian Investment Development Authority (Mida) said the facility features 16 assembly production lines and specialised clean room operations, enabling the company to manufacture a range of precision technologies used in telecommunications, water, gas and electrical utilities.
ECM LIBRA TO SELL PENANG HOTEL FOR RM51.89 MILLION, TO BOOK RM24.7 MILLION GAIN
The Edge, 15/08/2025
ECM Libra Group Bhd via its subsidiary, ECML Hotels, signed a conditional sale agreement with Wealthpro Holdings to sell an 11-storey hotel in George Town, Penang, along with adjoining freehold land, for RM51.89 million in cash. The 258-room hotel sits on 0.51-acre of land. The sale is expected to net the group a gain of RM24.72 million. The deal is expected to be completed by 1Q26, pending shareholder approval.
TRANS-BORNEO RAILWAY FEASIBILITY STUDY TO CONCLUDE BY 3Q26
The Edge, 14/08/2025 & NST, 15/08/2025
The feasibility study for the high-speed rail network connecting Sabah, Sarawak, Brunei, and Kalimantan, Indonesia — dubbed the Trans-Borneo Railway project — is expected to be concluded by 3Q26. A local consultant has been appointed to conduct a 12-month feasibility study for the Trans-Borneo Railway project in Sabah and Sarawak, which began in June 2025. The study will include a detailed comparative analysis covering technical, commercial, socio-economic, operational, governance, and social benefit aspects. Key deliverables from the consultant will include recommendations for a strategic plan, implementation schedule, action plan, and timeline, while ensuring acceptance and support from all key stakeholders.
