Real Estate

Genting Malaysia submits bid for New York casino licence Yap Yan Qing / theedgemalaysia.com June 30, 2025 | Updated 3 hours ago The bid was submitted on June 27 in response to the New York State Gaming Commission’s request for applications for up to three commercial casinos in downstate New York, where its Resorts World New York City (RWNYC) is located, Genting Malaysia...

Putra Heights blaze: Weak soil beneath gas pipeline the root cause, no criminal element found Choy Nyen Yiau / theedgemalaysia.com June 30, 2025 | Updated 28 minutes ago The incident resulted in 87 houses being completely destroyed and 148 others requiring repairs. (Photo from social media) While the pipeline met technical specifications, a segment of it was not fully...

Mulpha to receive RM933.7 mil from sale of interest in Australia’s Aveo Group John Lai / theedgemalaysia.com June 27, 2025 | Updated 12 hours ago Brookfield Asset Management Inc, AOG Limited Partnership (AOG LP), and Hydra RL MEP Pty Ltd are selling all their shares in Hydra RL TopCo Pty Ltd, which indirectly fully owns Aveo. Mulpha, through its unit Mulpha Investments...

I-Bhd earmarks RM10 mil for i-City digital infrastructure as tech push accelerates theedgemalaysia.com June 27, 2025 | Updated 12 hours ago I-Bhd chairman Tan Sri Lim Kim Hong says the transition aligns with i-City’s founding vision as Malaysia’s first digital city. (Photo by I-Bhd) Artificial intelligence and robotics will be deployed throughout i-City to support...

Eco World Malaysia on track to beat RM3.5b sales target after record 2Q earnings Syafiqah Salim / theedgemalaysia.com June 27, 2025 | Updated 11 hours ago The stronger earnings were mainly driven by the RM402.3 million sale of 123 acres of industrial land at the QUANTUM Edge business park to Microsoft Payments (Malaysia) Sdn Bhd, as well as full contributions from Paragon...

Yong Tai buys Sabah property developer for RM15m John Lai / theedgemalaysia.com June 27, 2025 | Updated 11 hours ago Yong Tai stated that the preliminary feasibility study estimates that the Lahad Datu project and Tawau project will generate development profits of about RM10.80 million and RM29.78 million, respectively. KUALA LUMPUR (June 26): Yong Tai Bhd (KL:YONGTAI)...

Crescendo flags higher costs after sharp 1Q profit drop on absence of land sale Syafiqah Salim / theedgemalaysia.com June 27, 2025 | Updated 11 hours ago For the three months ended April 30, 2025 (1QFY2026), Crescendo posted a net profit of RM7.11 million—down from RM281.6 million a year earlier, which was its highest quarterly profit since its listing in 1997. Revenue...

Urban Renewal Act drafted after record 101 engagement sessions—Nga Bernama June 27, 2025 | Updated 11 hours ago (Photo from KPKT Malaysia Facebook) Housing and Local Government (KPKT) Minister Nga Kor Ming: "No ministry has ever conducted 101 engagement sessions. We uphold the principle of leaving no one behind. We involve all parties because we do not want our cities to...

Gamuda reports 5% profit rise on stronger domestic construction activity, plans 5 sen dividend Justin Lim / theedgemalaysia.com June 27, 2025 | Updated 10 hours ago The group's domestic operations have gained significant momentum, with orders now contributing 41% of the overall RM35 billion construction order book, up from 28% last year. KUALA LUMPUR (June 26): Gamuda...

Abandoned housing: Rehda’s solutions missing the forest for the trees Datuk Chang Kim Loong / National House Buyers Association June 27, 2025 | Updated 4 hours ago Food, clothing, and shelter are basic human needs. For the average Malaysian, we have repeatedly said, owning a home is not just a dream but the largest financial commitment of a lifetime. It is precisely...