KUALA LUMPUR (Nov 15): This week, City & Country's cover story is on Sime Darby Property Bhd's (KL:SIMEPROP) venture into Melbourne’s property market with the A$1.08 billion (RM3 billion) Aurum Melbourne. According to group managing director and CEO Datuk Seri Azmir Merican, the 65-storey mixed-use project will combine private residences and purpose-built student accommodation in the city’s central business district.

Located along Queen Street and opposite the historic Queen Victoria Market, the development comprises 595 residential apartments, 948 purpose-built student accommodation beds, office space and retail components. It occupies a site of 3,219 sq m, with a plot ratio of 28.62.

Then, we talk to Kjetil Urheim, Jotun’s new marketing director for Southeast Asia and Pacific, about the company’s plans for Malaysia. The Norwegian paint and coating company will launch its RM500 million Southeast Asia-Pacific R&D centre and regional headquarters at the Hicom-Glenmarie Industrial Park on Nov 18, two years after construction began in August 2024.

Langkawi boutique hospitality group Langkawi Rainforest Sdn Bhd — the operator of the Ambong-Ambong resort brand — is on the lookout for a joint-venture partner to develop Ambong Pool Villas 2 on its four-acre site near Pantai Cenang. While the group owns the land outright and unencumbered, Langkawi Rainforest managing director Amran Ahmed said its preferred route remains a strategic partnership rather than an outright land sale.

JLL Malaysia, at its 3Q2026 Market Performance press conference on Nov 10, noted that Malaysia’s industrial property market is facing a shortage of suitable factory space as developers increasingly focus on multi-storey warehouses, reducing the operational space available for automotive, semiconductor and data centre manufacturers.

Read more in the Nov 16 issue of The Edge Malaysia weekly.

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