<figure class="wp-block-image size-full"><img loading="lazy" width="1920" height="1080" src="https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2026/05/ALG_4584.JPG_1920x1080.jpg" alt="" class="wp-image-102307" srcset="https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2026/05/ALG_4584.JPG_1920x1080.jpg 1920w, https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2026/05/ALG_4584.JPG_1920x1080-300x169.jpg 300w, https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2026/05/ALG_4584.JPG_1920x1080-1536x864.jpg 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /></figure>







Putrajaya, 25 May 2026 – IJM Land Berhad (“IJM Land”) has signed a joint venture agreement with Southern Catalyst Sdn. Bhd. (“SOCAT”), a Ministry of Finance Incorporated (“MOF Inc.”)-linked company and master developer of the Southern Catalyst Innovation District in Sedenak, Kulai, Johor, to jointly develop approximately 307.17 acres of industrial and commercial land within the Johor–Singapore Special Economic Zone (“JS-SEZ”).



The development carries an estimated gross development value (“GDV”) of RM1.96 billion and will be undertaken over a period of six to eight years. Strategically located less than 3km from the Sedenak toll plaza with direct access to the North-South Expressway, the site forms part of SOCAT’s broader 2,940-acre Southern Catalyst Innovation District masterplan in Kulai.



Conceived as a future-ready industrial park, the project is designed to support high-value industries aligned with the growth priorities of the JS-SEZ, including advanced manufacturing, biopharmaceuticals, renewable energy, and integrated logistics, alongside pioneering agri-tech and food technology.



The partnership will be undertaken through a joint venture company, IJM Land Sedenak Sdn Bhd, in which IJM Land holds a 70% equity stake while SOCAT holds the remaining 30%.



The joint-venture agreement was formalised at a signing ceremony attended by senior representatives from both organisations. The agreement was signed by:



<ul><li>DATUK TONY LING THOU LUNG – Chief Executive Officer, IJM Land</li><li>DATUK CHAI KIAN SOON – Chief Operating Officer, IJM Land</li><li>ENCIK MOHD SHAHREZA MASWAN – Chief Operating Officer, SOCAT</li><li>ENCIK SYED AGIL SYED HASHIM – Chief Financial Officer, SOCAT</li></ul>



In the presence of:



<ul><li>ENCIK MOHD HISYAMUDDIN BIN AWANG ABU BAKAR – Head of Special Investment, Real Estate &amp; Services Section, Government Investment Companies Division (GIC), Ministry of Finance Malaysia</li><li>DATO’ Sr HJ AZMAR TALIB – Board of Director, SOCAT&nbsp;</li><li>​DATO’ LEE CHUN FAI – Group CEO and Managing Director, IJM Corporation Berhad</li></ul>



The partnership underscores a broader cross-border collaboration aimed at accelerating industrial growth within the JS-SEZ corridor. By aligning the development with national and regional economic priorities, the project is expected to contribute towards investment inflows, job creation, and the advancement of high-value industries in Johor.



The collaboration reflects IJM Group’s broader participation in the development of industrial and economic corridors within the JS-SEZ. Across the Group, IJM’s capabilities span property development, construction, industrial infrastructure and building materials, positioning it to support the evolving requirements of industrial growth corridors such as Sedenak and the wider JS-SEZ.&nbsp; The Group&#8217;s experience in large-scale industrial developments includes its involvement in the Malaysia-China Kuantan Industrial Park (MCKIP), Malaysia&#8217;s first National Industrial Park, which spans over 3,500 acres and has attracted more than RM30 billion in investments.



<h2>Commenting on the collaboration, Datuk Tony Ling Thou Lung, CEO of IJM Land, said:</h2>



<figure class="wp-block-image size-full"><img loading="lazy" width="1920" height="1080" src="https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2026/05/ALG_4360-Copy.JPG_1920x1080.jpg" alt="" class="wp-image-102313" srcset="https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2026/05/ALG_4360-Copy.JPG_1920x1080.jpg 1920w, https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2026/05/ALG_4360-Copy.JPG_1920x1080-300x169.jpg 300w, https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2026/05/ALG_4360-Copy.JPG_1920x1080-1536x864.jpg 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /></figure>







“The industrial market in Johor continues to demonstrate strong growth momentum, supported by its strategic proximity to Singapore, competitive cost advantages, and sustained inflows of foreign direct investment. This strategic partnership with SOCAT represents a significant step in IJM Land’s industrial expansion strategy, allowing us to participate in a strategically positioned, master-planned development within a key growth corridor. Beyond strengthening our revenue pipeline, the project allows us to build greater depth and capability in the industrial space, while contributing to Johor’s broader ambitions as a regional hub for advanced industries, innovation and cross-border economic activity. More broadly, the development also reflects IJM Group’s continued participation in the growth of the JS-SEZ. Today, IJM Construction is involved in major infrastructure and industrial-related projects in Johor, including the RTS Link Immigration, Customs and Quarantine Complex as well as data centre construction.



<h2>Representing SOCAT, Encik Mohd Shahreza Maswan, Chief Operating Officer, stated:</h2>



<figure class="wp-block-image size-full"><img loading="lazy" width="1920" height="1080" src="https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2026/05/ALG_4274-Copy.JPG_1920x1080.jpg" alt="" class="wp-image-102311" srcset="https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2026/05/ALG_4274-Copy.JPG_1920x1080.jpg 1920w, https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2026/05/ALG_4274-Copy.JPG_1920x1080-300x169.jpg 300w, https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2026/05/ALG_4274-Copy.JPG_1920x1080-1536x864.jpg 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /></figure>







“As the master developer of the Southern Catalyst Innovation District, Southern Catalyst Sdn. Bhd. (SOCAT) remains committed to advancing the national food security agenda through the development of a dedicated Agri-Tech hub, while simultaneously catalysing a future-ready ecosystem comprising green technology, advanced manufacturing, and a resilient circular economy. Strategically located within the high-growth Johor-Singapore Special Economic Zone (JS-SEZ), Sedenak has strong potential to emerge as a key regional logistics and industrial hub. This joint venture with IJM Land marks a significant milestone in accelerating the development of an integrated, full-chain industrial ecosystem, spanning advanced research and development, smart logistics infrastructure, and next-generation manufacturing capabilities. By harnessing our complementary strengths, we aim to establish a new benchmark for sustainable eco-industrial development, attract high-quality global investments, and further strengthen Johor’s position as a leading regional gateway for innovation-driven and sustainable economic growth.”

IJM Land and MOF Inc.’s SOCAT Formalise Joint Venture to Develop RM1.96 billion Industrial Park in Sedenak, JS-SEZ

<figure class="wp-block-image size-full"><img loading="lazy" width="1080" height="810" src="https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2026/05/2026-05-25-at-15.06.51.jpeg" alt="" class="wp-image-102300" srcset="https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2026/05/2026-05-25-at-15.06.51.jpeg 1080w, https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2026/05/2026-05-25-at-15.06.51-300x225.jpeg 300w" sizes="(max-width: 1080px) 100vw, 1080px" /><figcaption>At a press conference held at the KL Wellness City Gallery, JCI Kuala Lumpur, together with co-organizers JCI Setia Alam, JCI Entrepreneur, and JCI Melaka, formally unveiled the return of Cosplay Networking Night 2026.</figcaption></figure>







Kuala Lumpur, 25 May 2026 — Following the overwhelming success and positive reception of Cosplay Networking Night 2025, JCI Kuala Lumpur, together with co-organizers JCI Setia Alam, JCI Entrepreneur and JCI Melaka, proudly announced the return of Cosplay Networking Night 2026, which will be held on 8 August 2026 at Andaman Grand Ballroom.



Building on the momentum of last year’s highly successful debut, the event once again aims to revolutionize traditional business networking by integrating creativity, self-expression, and meaningful social interaction into a dynamic networking platform. Designed for entrepreneurs, young professionals, business leaders, and creatives, the event encourages participants to step outside their comfort zones and build authentic connections in a fun and engaging atmosphere.



Event Founder Alexx Chor shared that the event continues to embrace its signature philosophy: “Show Up, Glow Up, Link Up.” He explained that cosplay serves as a powerful icebreaker, enabling participants to lower professional barriers, confidently express their personalities, and foster deeper and more genuine business relationships.



President of JCI Kuala Lumpur, Kong Yue Ning, emphasized that the initiative reflects JCI’s commitment to empowering young leaders through innovative and impactful platforms. She noted that Cosplay Networking Night not only challenges conventional networking culture but also creates opportunities for cross-industry collaboration, strategic partnerships, and entrepreneurial growth.



Meanwhile, Organizing Chairman Lee Haozhe revealed that this year’s edition will feature an enhanced event experience, including interactive networking games, live stage performances, entertainment segments, and exciting lucky draw sessions. He added that the event is more than just a themed gathering — it is an “efficient yet enjoyable” networking ecosystem where professionals can exchange resources, ideas, and opportunities in a relaxed environment.



The event has also received strong endorsement from KL Wellness City Executive Director Dato&#8217; Sri Dr. Vincent Tiew, who attended Cosplay Networking Night 2025 as a special guest. He expressed strong support for the concept, highlighting that creative networking platforms can effectively break down industry barriers while encouraging more meaningful and authentic interactions among participants.



In line with the growing influence of the event, the organizing committee is actively engaging with distinguished organizations, chambers, and business associations to further expand the reach of this innovative networking concept and build a broader ecosystem for collaboration and resource sharing.



As part of this growing momentum, KL Wellness City has also adopted a cosplay-inspired concept as the theme for its Annual Dinner, reflecting the company’s commitment to innovation, creativity, and community engagement.



In conjunction with the upcoming completion of The Nobel Healthcare Park, KL Wellness City is currently offering an exclusive investment opportunity through the launch of a lifestyle reward campaign titled “The Golden Journey to Wellness”, carrying the tagline “Global Destinations &amp; Wellness Rewards”, commencing from 18 May 2026.



During the campaign period, purchasers of Medical Suites, Retail Suites, Business Suites, and Commercial Suites will enjoy exclusive lifestyle rewards, including:



RM10,000 worth of travel vouchers from Golden Destinations, together with access to the GD Flight partner network comprising more than 70 international carriers and over 100 global destinations.



Health screening vouchers worth up to RM6,000 from KL International Hospital.



JCI Kuala Lumpur is an international non-profit organization dedicated to providing leadership development opportunities for young people aged 18 to 40, empowering them to create positive change within their communities and beyond.



For membership inquiries or further information, please contact the 2026 Secretary, Serene Tan at +6012-7095783 or visit the official Facebook page of JCI Kuala Lumpur.

“Cosplay Networking Night 2026” Returns Following the Success of Its Inaugural Edition — Redefining Business Networking Through Creativity and Collaboration

<figure class="wp-block-image size-full"><img loading="lazy" width="1920" height="1080" src="https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2026/05/Avaland-Office_1920x1080-1.jpg" alt="" class="wp-image-102292" srcset="https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2026/05/Avaland-Office_1920x1080-1.jpg 1920w, https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2026/05/Avaland-Office_1920x1080-1-300x169.jpg 300w, https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2026/05/Avaland-Office_1920x1080-1-1536x864.jpg 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /></figure>







Subang Jaya, 25 May 2026 – Property developer Avaland Berhad (“Avaland” or “the Group”) today announced its financial results for the first quarter ended 31 March 2026 (“Q1 FY2026”), recording a net profit of RM12.1 million on revenue of RM149.4 million.



For comparison, Avaland posted a net profit of RM20.2 million on revenue of RM179.5 million in the corresponding quarter last year. The softer financial performance was attributable to lower contributions from completed projects while ongoing developments are still in the initial stages of work progress, resulting in lower revenue recognition during the quarter.



Apollo Bello Tanco (“Pol”), Chief Executive Officer of Avaland said, “We started FY2026 on a solid footing, with new sales increasing to RM152.3 million in Q1 FY2026 from RM147.5 million in the corresponding quarter last year. The growth was primarily driven by strong contributions from Aetas Seputeh and Amika Residences, both of which continued to attract encouraging buyer interest and are nearing full take-up.



In addition, Avalon, Meria and Alora Residences continued to record healthy sales performance, reflecting sustained demand for well- connected developments within established growth corridors.



Supported by the stronger new sales achieved during the quarter, the Group’s unbilled sales increased to RM908.8 million as at 31 March 2026 from RM893.7 million as at 31 December 2025, providing earnings visibility for the coming years,”



Commenting on the Group’s outlook, Pol said “The outlook for the property sector remains encouraging, supported by a stable financing environment following Bank Negara Malaysia’s decision to maintain the Overnight Policy Rate at 2.75% in May 2026. The stable interest rate environment is expected to continue supporting home affordability and overall market liquidity.



Against this backdrop, the Group continued to strengthen its development pipeline with the acquisition of a 1.9-acre parcel of freehold land in Taman U-Thant, Kuala Lumpur on 28 April 2026 for RM86.0 million. Strategically located near Kuala Lumpur City Centre, the land is earmarked for an AVA Luxe development with an estimated GDV of approximately RM700 million.



Complimenting this, the Group plans to launch developments across its three brand series with a combined estimated GDV exceeding RM1.0 billion in 2026. Following the encouraging take-up of the first phase of Meria, the commercial hub component of Cybersouth under the AVA Ria series, we launched the second phase in January 2026 to meet continued market demand. In the second half of 2026, we intend to launch ACCENT Petaling Jaya under the AVA Prime series and Aetas Taman Desa under the AVA Luxe series.



These upcoming launches are expected to contribute positively to future earnings while further strengthening the Group’s presence across key market segments.



Nevertheless, recent geopolitical developments in the Middle East have contributed to heightened volatility in global energy prices and supply chain conditions. The Group will continue to monitor these developments closely and assess their potential impact on operations and financial performance, while taking appropriate measures where necessary.”

AVALAND BERHAD’S Q1 FY2026 NEW SALES RISES TO RM152.3 MILLION, DRIVING UNBILLED SALES ABOVE RM900 MILLION

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Property Insights

IJM Land and MOF Inc.’s SOCAT Formalise Joint Venture to Develop RM1.96 billion Industrial Park in Sedenak, JS-SEZ

“Cosplay Networking Night 2026” Returns Following the Success of Its Inaugural Edition — Redefining Business Networking Through Creativity and Collaboration

AVALAND BERHAD’S Q1 FY2026 NEW SALES RISES TO RM152.3 MILLION, DRIVING UNBILLED SALES ABOVE RM900 MILLION

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