"Kerjaya Prospek Group secures a RM256.4 million contract from Eastern & Oriental Express Sdn Bhd for a residential project in Elmina West, Shah Alam. The project includes 360 three-storey terrace houses, a clubhouse, and landscaping, ensuring sustained growth with an RM4.2 billion order book." Kuala Lumpur, 07th Jan 2025, 11.20am - Construction giant Kerjaya Prospek Group Bhd has been awarded a...
"Double-storey homes in Kuala Lumpur and Petaling Jaya are forecast to rise 3-4% in 2025, says property expert Sean Tan. Industrial properties in Johor and Selangor also show high growth potential." Kuala Lumpur, 06th Jan 2025, 11.20am - The prices of double-storey residential houses in the Klang Valley, particularly in high-demand areas of Kuala Lumpur (KL) and Petaling Jaya (PJ), are forecast to rise...
"Sunway REIT completes the RM158 million acquisition and rebranding of Kluang Mall to Sunway Kluang Mall. Anchored by Pacific Hypermarket, the nearly fully occupied mall offers a 7% initial net property income yield, boosting Sunway REIT's portfolio to 28 assets worth RM10.3 billion." Kuala Lumpur, 03rd Jan 2025, 11.40am - Sunway Real Estate Investment Trust (Sunway REIT) announced on Thursday that it...
"Suria KLCC upsizes its sukuk murabahah programme to RM2 billion, securing a AAA rating from RAM Ratings to fund shariah-compliant initiatives, showcasing KLCCP's robust financial strategy and market leadership." Kuala Lumpur, 02nd Jan 2025, 12.20pm - KLCC Property Holdings Bhd (KLCCP), through its wholly owned unit Suria KLCC Sdn Bhd, has increased its sukuk murabahah programme limit to RM2 billion...
"TNB announces a 14.2% raise in Peninsular Malaysia’s base electricity tariff for RP4 (2025-2027), with new rates set at 45.62 sen/kWh effective July 1, 2025. Tariff hike factors in fuel costs, increased capex, and energy transition goals." Kuala Lumpur, 27th Dec 2024, 11.00am - Tenaga Nasional Bhd (TNB) has revealed that the base electricity tariff for Peninsular Malaysia during the Regulatory...
"Penang announces full exemption on quit rent and parcel rent penalties for payments by Feb 28, 2025, and a 50% reduction for payments by May 31." Kuala Lumpur, 26th Dec 2024, 01.40pm - The Penang government has announced a comprehensive initiative to waive penalty arrears on quit rent and parcel rent payments. This move, aimed at easing financial burdens and encouraging prompt tax settlements, was...
"The government raises rooftop solar quotas under NEM, extends the SolaRIS rebate to April 2025, and expands eligibility for agriculture users, advancing Malaysia’s renewable energy goals." Kuala Lumpur, 24th Dec 2024, 10.42am - The government has announced an increase in rooftop solar quotas under the Net Energy Metering (NEM) programme to support renewable energy adoption for households and...
"KLCC Holdings, a Petronas subsidiary, acquires 486 acres in Bandar Malaysia, planning a long-term development into a global business hub and inclusive city." Kuala Lumpur, 23th Dec 2024, 03.41pm - KLCC (Holdings) Sdn Bhd (KLCCH), a subsidiary of national oil giant Petronas, has acquired 486 acres of land in Bandar Malaysia, Kuala Lumpur. The deal, finalized through a sale and purchase agreement signed...
"The Johor Bahru-Singapore RTS Link is 95% complete, with operations set to begin on Dec 31, 2026. The project aims to serve up to 100,000 passengers daily, enhancing cross-border connectivity and reducing congestion." Kuala Lumpur, 13th Dec 2024, 11.25am - The Johor Bahru-Singapore Rapid Transit System (RTS) Link is progressing as planned, with 95% of its infrastructure work completed by November,...
"Solid Automotive Bhd acquires 4.69 acres of freehold land in Klang for RM15.92 million from Top Glove Corp Bhd, aiming to enhance operational efficiency and consolidate distribution centres with a custom-built facility in an industrial hub near Setia Alam and Port Klang." Kuala Lumpur, 12th Dec 2024, 1.35pm - Solid Automotive Bhd has announced its acquisition of 4.69 acres of freehold land in Klang...
