Week 34 - 2026
7-ELEVEN MALAYSIA COMPLETES RM19 MILLION SERI KEMBANGAN LAND ACQUISITION
The Edge, 21/08/2026
7-Eleven Malaysia Holdings Bhd (SEM) has completed the RM19 million acquisition of a freehold agricultural land parcel in Seri Kembangan, Selangor, at approximately RM205 per sq. ft., through its subsidiary QVI Foods Sdn Bhd. Located adjacent to QVI Foods’ existing food commissary, the land is intended for a purpose-built commissary to support SEM’s expansion, strengthen its fresh-food supply capabilities and expand offerings across its CAFé by 7-Eleven network. The land requires conversion from agricultural to industrial use, with the conversion premium estimated at RM4 million, while comparable industrial land in the area is valued at around RM266–RM271 psf. The acquisition consideration was based on SEM’s internal assessment, considering the land status, conversion costs, comparable transactions and strategic location.
MAH SING TO SELL SOUTHVILLE CITY LAND FOR RM617.9 MILLION, EXPANDS DIGITAL PUSH
The Edge, 20/08/2026
Mah Sing Group Bhd has agreed to sell approximately 78.8 acres of commercial land at Mah Sing DC Hub @ Southville City, Selangor, to WG Malaysia X Sdn Bhd for RM617.9 million or about RM180 per sq. ft., as part of its strategy to expand into digital infrastructure. The 428-acre Southville City has supporting power, water, fibre and transport infrastructure, while Mah Sing has also identified Meridin East in Johor Bahru and MS Industrial Park @ Kulai as potential locations for future hyperscale, AI and colocation developments.
BINTAI KINDEN GETS PLUS AWARD TO DEVELOP 103-ACRE AYER KEROH LAND WITH RM296.5 MILLION GDV
The Edge, 20/08/2026
Bintai Kinden Corp Bhd has secured a tender from PLUS Malaysia Bhd to develop two land parcels totalling approximately 103 acres in Ayer Keroh, Melaka, with an estimated GDV of RM296.54 million. Its wholly owned subsidiary, Kejuruteraan Bintai Kindenko Sdn Bhd, will undertake the proposed residential and commercial development.
SIME DARBY PROPERTY SIGNS SPA TO BUY WISMA UNIRAZAK FOR RM160 MILLION
The Edge, 19/08/2026
Sime Darby Property Bhd has agreed to acquire Wisma Unirazak on Jalan Tun Razak, Kuala Lumpur, from Permodalan Nasional Bhd (PNB) for RM160 million, with the 1.46-acre freehold site earmarked for redevelopment into a premium high-rise serviced apartment project with supporting commercial components. The proposed development has an estimated GDV of RM900 million, is targeted for launch in 2028 and is expected to be completed within five years of launch. Located about 1km from KLCC and near the Ampang Park LRT/MRT interchange and TRX, the existing 15-storey office building has a net lettable area of 110,669 sq ft and was fully occupied, generating RM6.5 million in annual gross property income as at end-2025. The acquisition, expected to be completed in 4Q26.
ORIENTAL INTEREST LAUNCHES RM163.8 MILLION GARDENS IDAMAN IN SELANGOR, RECEIVING GREEN CERTIFICATION
The Edge, 17/08/2026 & Star Property, 18/08/2026
Oriental Interest Bhd (OIB) has launched Gardens Idaman in Rawang, Selangor, an 11.23-acre leasehold affordable housing development comprising 616 semi-furnished apartments with a GDV of RM163.8 million, under Selangor’s Rumah Idaman programme. Priced from RM250,000, each 1,002 sq. ft. unit features three bedrooms, two bathrooms and two parking bays, with facilities including a central park, sports courts, playground, multipurpose hall, kindergarten and surau. The project has received Provisional GreenRE Bronze certification. The completion is targeted for 2030.
ALPHA GALAXY INKS MOU WITH BILLION GROUP FOR PROPOSED B-GROCER AT GALAXY EXCHANGE
The Edge, 21/08/2026
Alpha Galaxy Group has signed an MoU with Billion Group to develop a B-Grocer supermarket on approximately 2.037 acres within Galaxy Exchange, its 166-acre mixed-use development in Puncak Alam, Selangor. The supermarket will serve as an anchor retail component, offering fresh produce and daily essentials while supporting regular footfall and the wider retail ecosystem. Meanwhile, Galaxy Avenue, a 25-acre component of Galaxy Exchange, has an estimated GDV of RM506 million and comprises 204 double-storey shoplots ranging from 2,930 to 3,765 sq. ft., with prices starting from RM2.09 million. Completion of Galaxy Avenue is targeted for 3Q27.
FRASERS PROPERTY, TAN & TAN PLAN PJ QUARTER MIXED-USE PROJECT IN SECTION 13
The Edge, 21/08/2026
Frasers Property Ltd and Tan & Tan Developments Bhd plan to jointly develop PJ Quarter, a 12.7 acre mixed-use development in Section 13, Petaling Jaya. PJ Quarter will be developed in two phases, with the first phase comprising residential units, low-rise open air retail and a park, with the residential component targeted for launch in 2027.
PUNCAK NIAGA TO SELL TWO PLOTS OF LAND FOR RM237 MILLION TO PARE DEBT, BUYER PLANS MIXED DEVELOPMENT
The Edge, 18/08/2026
Puncak Niaga Holdings Bhd has proposed to sell two adjoining land parcels in Bandar Puncak Alam, Selangor, totalling approximately 45.9 hectares, to Alpha Galaxy Sdn Bhd for RM237.15 million. The land is expected to be developed by Alpha Galaxy into mixed properties.
THE FEDERAL KUALA LUMPUR REOPENS FOLLOWING REFURBISHMENT
The Edge, 18/08/2026
The Federal Kuala Lumpur has reopened following a refurbishment, featuring 150 renovated guestrooms and upgraded social and retail spaces along Jalan Bukit Bintang. First opened in August 1957, the hotel is described as Malaysia’s first international-class hotel and has retained elements of its original architectural character, including its facade and iconic white marble lion statues, while introducing contemporary furnishings, updated amenities and sustainability measures. To celebrate its reopening during Visit Malaysia 2026, the hotel is offering a Rediscover Federal Package from RM368 net per night, inclusive of buffet breakfast, for Malaysian residents.
WTEC GROUP TO ACQUIRE RM7.74 MILLION SEMENYIH FACTORY FOR EXPANSION
The Edge, 18/08/2026
WTEC Group Bhd plans to acquire a freehold two-storey bungalow factory under construction in I.MAS Industrial Park @ Bandar Rinching, Semenyih, Selangor, for RM7.74 million to support future manufacturing expansion. The property has a land area of approximately 21,934 sq. ft. and a built-up area of 11,860 sq. ft., with vacant possession targeted within 24 months from the SPA date. The acquisition will provide additional space and flexibility for WTEC to expand production capacity, install machinery and improve manufacturing processes, while complementing an industrial property recently acquired nearby. The purchase price was based on the developer’s offer and prevailing market conditions, with no independent valuation conducted, and completion is expected by 3Q28, barring unforeseen circumstances.
CHGP, UCSI PARTNER TO DEVELOP EDUCATION HUB IN MELAKA WATERFRONT TOWNSHIP
The Edge, 20/08/2026
Chin Hin Group Property Bhd (CHGP) is partnering with UCSI Group to develop and operate an integrated education hub in Melaka. The education hub will anchor CHGP’s 19.3-acre integrated waterfront development within the Melaka Waterfront Economic Zone, with a dedicated school campus valued at RM11.22 million that will house UCSI International School and Sekolah Sri UCSI. The wider waterfront township will comprise serviced residences, retail, lifestyle, education and a future healthcare component, supporting CHGP’s strategy to activate its landbank, diversify growth drivers and generate longer-term recurring income.
MALAYSIAN CIQ COMPLEX, RTS STATION IN SEPARATE STRUCTURES TO RETAIN ACCESS TO SINGAPORE’S PUBLIC UTILITIES BOARD PIPELINES
The Edge, 18/08/2026
The Malaysian CIQ complex and RTS Link station at Bukit Chagar, Johor Bahru, were constructed as separate structures due to the presence of Singapore PUB pipelines running between the two buildings, which must remain accessible to Singapore authorities. This differs from Singapore’s side, where the CIQ and RTS station are integrated into a single complex. He also confirmed that the proposed Autonomous Rapid Transit (ART/E-ART) project in Johor Bahru will be integrated with the RTS Link to ensure connectivity across the city’s public transport network, although the two remain separate projects. The government is currently finalising the ART concession agreement, with details on financing, financial commitments and repayment mechanisms still under negotiation.
GOVT TO BUILD RM60 MILLION BRIDGE BETWEEN BUKIT CHAGAR RTS STATION AND KTMB KOMUTER
The Edge, 18/08/2026
The government will build a RM60 million pedestrian bridge connecting the Bukit Chagar RTS Link Station with the KTMB Komuter station, allowing passengers to transfer directly without detouring through JB Sentral. Approved by the Ministry of Economy and expected to take about 12 months to complete, the bridge is intended to strengthen public transport integration and encourage greater use of the RTS Link. The government is also finalising the SBST 2.0 agreement, which will add at least 200 buses connecting residential areas in Johor Bahru to Bukit Chagar, with services targeted to coincide with the RTS Link opening. The Bukit Chagar station and CIQ complex have completed physical construction and are undergoing testing and commissioning, with the RTS Link scheduled to begin operations on 1 January 2027, connecting Johor Bahru with Woodlands North in Singapore and carrying up to 10,000 passengers per hour in each direction.
JOHOR BAHRU TRAFFIC DISPERSAL PLAN BEING DRAWN UP AHEAD OF RTS LINK OPERATIONS
The Edge, 18/08/2026
The government is preparing traffic dispersal and public transport integration plans for Johor Bahru city centre ahead of the RTS Link opening on 1 January 2027, as passenger movements are expected to shift around Bukit Chagar and other connected areas. The plans involve coordination among government agencies and integration of existing public transport services to prevent new congestion and support smoother cross-border mobility. The RTS Link will connect Bukit Chagar with Woodlands North in Singapore and is expected to handle up to 10,000 passengers per hour in each direction. To complement the RTS, the government is also funding the Elevated Autonomous Rapid Transit (E-ART) project and expanding the BAS.MY network to 28 routes with 254 buses, while 157 buses under Stage Bus Transformation Programme 2.0 will serve routes linking JB Sentral and Bukit Chagar from early 2027.
BANGSA JOHOR RENTAL DEPOSIT ASSISTANCE TO BE INTRODUCED IN 2027
The Edge, 17/08/2026
The Johor government is expected to introduce RM1,000 Bangsa Johor rental deposit assistance in 2027 through the Johor State Housing Development Corporation (PKPJ), aimed at helping tenants who face difficulties paying upfront rental deposits. The initiative is expected to target about 10,000 recipients in its first phase and will also be open to federal civil servants working in Johor, including teachers, healthcare workers, police and armed forces personnel. Eligible recipients may also receive RM2,500 in rental assistance, bringing total potential assistance to RM3,500 per person, subject to eligibility requirements. Further details and new housing initiatives are expected to be announced during the Johor Budget in November, while the state has allocated RM22 million under Phase 5 of its housing assistance programmes and has spent RM337 million on its housing agenda since 2022, benefiting nearly 100,000 recipients.
YTL POWER TO DEVELOP NEW GIGAWATT DATA CENTRE CAMPUS IN JOHOR
The Edge, 20/08/2026
YTL Power International Bhd plans to develop a new gigawatt-scale data centre campus at Sedenak Tech Park West, Johor, on 145 acres of land to be acquired by its 70%-owned subsidiary SIPP Power Sdn Bhd from JLand Group, with an option to acquire an additional 400 acres, potentially expanding the site to 545 acres. The project will strengthen YTL Power’s existing data centre presence in Kulai and further position Johor as a regional hub for AI, cloud computing and digital infrastructure. YTL Power’s Kulai campus currently has 298MW of contracted capacity as at March 2026, with planned expansion from 600MW to 1,000MW, and also hosts AI infrastructure developed with Nvidia.
The Sedenak project forms part of the broader development of Sedenak Tech Park West under JLand Group’s Ibrahim Technopolis, although details such as investment value and development timeline have not been disclosed.
R&F PRINCESS COVE SIGNS MOU WITH PARAGON PRIVATE AND INTERNATIONAL SCHOOL AND MINDCHAMPS PRESCHOOL MALAYSIA
Star Property, 18/08/2026
R&F Princess Cove has signed an MoU with Paragon Private and International School and MindChamps Preschool Malaysia to improve educational access and support for local families, particularly its residents. Located in Plentong, Paragon offers the Malaysian National Curriculum and Cambridge IGCSE, while MindChamps provides holistic preschool education for children aged 18 months to six years.
PENANG TO IMPLEMENT NEW WORKER HOUSING GUIDELINES, ONLY BUSINESS, INDUSTRIAL AREAS ALLOWED
The Edge, 18/08/2026
Penang will introduce new guidelines for temporary worker accommodation from 1 September 2026, limiting such housing mainly to commercial and industrial areas as a transitional measure while the state expands its Centralised Labour Quarters (CLQs). Residential areas will generally no longer be permitted due to complaints and disturbances involving workers living near residents. Applications will be assessed by a special committee comprising state and local authority representatives, the Fire and Rescue Department and the Labour Department, with operators required to obtain local authority permits before applying for accommodation certification. Penang currently has 1,617 permitted TLQs under MBPP and 1,492 under MBSP, while CLQ capacity remains limited to six facilities statewide. Application fees will range from RM1,500 to RM3,500 per unit, depending on unit size, while the guidelines also consider the needs of SMEs such as restaurants and small factories that may face difficulties placing workers in distant CLQs.
YBS INTERNATIONAL BUYS PENANG FACTORY FOR BUSINESS EXPANSION
The Edge, 17/08/2026
YBS International Bhd is acquiring an approximately two-acre industrial property in Perai, Penang, for RM23.5 million through its wholly owned subsidiary Oriental Fastech Manufacturing Sdn Bhd (OFM), to expand production capacity amid higher customer demand. The property comprises a semi-detached factory with a built-up area of 59,828 sq. ft. The leasehold title expires in November 2032, with an option for a further 60-year term subject to state authority requirements. Currently occupied by OFM, the property is strategically located near the group’s existing plants and supply-chain network, improving operational accessibility and management. Completion of the acquisition is subject to obtaining the necessary approvals from the Penang state authority and Penang Development Corporation.
BUTTERWORTH-KULIM RAILWAY AMONG 14 HIGH-IMPACT PROJECTS IN PENANG STATE STRUCTURE PLAN 2040 DRAFT
The Edge, 18/08/2026
The draft Penang State Structure Plan 2040 (RSNPP 2040) Review has identified 14 high-impact catalytic projects aimed at improving regional connectivity and stimulating economic growth, including the Butterworth-Kulim railway line, Penang Coastal Ring Road and Penang Gateway. The proposed Butterworth-Kulim railway would connect Seberang Perai’s transport hubs with Kulim’s industrial centre, while the 28–30km Penang Coastal Ring Road is expected to reduce travel times and ease congestion in George Town by bypassing the city centre. The Penang Gateway, involving coastal land reclamation between Tanjong Bungah and Batu Feringghi, is expected to support tourism, services, trade and property sectors. Other projects include the Third Penang Crossing, Balik Pulau-Paya Terubong Tunnel, Penang Sentral expansion, ship lay-up centre and Waste-to-Energy Plant. Collectively, the projects aim to strengthen transport and logistics networks, improve island-mainland connectivity, support economic development and preserve strategic natural resources, with the draft open for public participation until 9 September 2026.
THIRD PENANG BRIDGE, UNDERSEA TUNNEL REMAIN INDICATIVE IN DRAFT RSNPP 2040
The Edge, 17/08/2026
The proposed 6.5km undersea tunnel or third bridge linking Gurney Drive to Bagan Ajam remains included indicatively in Penang’s draft Structure Plan 2040 (Review), as the agreements for the projects are still valid and subject to the stipulated development schedule. The draft RSNPP 2040 is open for public consultation until 9 September 2026.
