"The airport is vital to fulfill the state's needs for investment, especially from Lumut Maritime Industrial City (LuMIC), which could bring in up to RM72 billion in investments over the next 25 years." KUALA LUMPUR, 23th May 2024 - The Perak state government is awaiting federal government approval for Colebrand International Ltd, a UK-based mega infrastructure engineering company, to begin a field...
"Technological advancements are transforming real estate, with smart buildings enhancing user experience, sustainability, and efficiency, says MIPFM president." KUALA LUMPUR, 21th May 2024 - The Malaysian Institute of Property and Facility Managers (MIPFM) reports that technological advancements, including artificial intelligence and advanced data analytics, are transforming the real estate industry...
"Berjaya Times Square Sdn Bhd (BTS) is optimistic that its recently launched Times Square 2 residential project will be fully sold by the end of the year." KUALA LUMPUR, 20th May 2024 - Berjaya Times Square Sdn Bhd (BTS) is optimistic that its recently launched Times Square 2 residential project will be fully sold by the end of the year. BTS executive director Syed Ali Shahul Hameed expressed...
"The group announced in a Bursa Malaysia filing that the project will be developed on a 20-acre plot, without disclosing its location." KUALA LUMPUR, 17th May 2024 - Plastic packaging manufacturer Thong Guan Industries Bhd (KL:TGUAN) is collaborating with the Kedah State Development Corporation (PKNK) to develop 221 shop and office units, with an estimated gross development value (GDV) of RM200...
"Prime Minister Datuk Seri Anwar Ibrahim today ordered the planting of 100 trees for every unnecessary tree that is felled in the city." KUALA LUMPUR, 16th May 2024 - Prime Minister Datuk Seri Anwar Ibrahim has mandated the planting of 100 new trees for each unnecessary tree removed in the city. In a post on X (formerly Twitter), Anwar stated that he has given this directive to Kuala Lumpur...
"BCB said it plans to develop the land into a mixed-use development featuring both residential and retail, with an estimated gross development value of RM1.1 billion spanning over eight years." KUALA LUMPUR, 15th May 2024 - Property developer BCB Bhd (KL) is acquiring 59 parcels of freehold land in Batu Pahat, Johor, totaling around 286.82 acres, for RM83.71 million from oil palm grower Lian Hup Seng...
"Group CEO and executive director Jeffrey Chew Sun Teong mentioned that to achieve a 7% profit margin in the Malaysian market this year, the company needs to acquire more land for new projects." PETALING JAYA, 14th May 2024 - Paramount Corporation Bhd (PCB) plans to keep investing in and expanding its land holdings in Malaysia to support its growth, while also exploring international...
"Malaysia's economy aims 4%-5% growth, focusing on consumer spending, investments, and external demand." KUALA LUMPUR, 10th May 2024 - On Thursday, Malaysia's central bank opted to keep the benchmark interest rate steady, as anticipated, noting an uptick in economic activity alongside manageable inflation. Bank Negara Malaysia (BNM) announced that the overnight policy rate (OPR) would remain at 3%...
"The government did not issue any directive for an investigation, but because there was a police report, the police initiated an investigation according to standard procedures." KUALA LUMPUR, 9th May 2024 - Communication Minister Fahmi Fadzil (shown in the image) emphasized that the police inquiry into the news article regarding the proposed casino development in Forest City, Johor, was not instigated...
"The hypermarket operator has lodged an appeal against a court directive demanding the surrender of the 180,000 square feet premises, which ensued after its landlord, Crystal Promenade Sdn Bhd, obtained a summary judgment." KUALA LUMPUR, 8th May 2024 - GCH Retail (M) Sdn Bhd, the company managing Giant hypermarkets, stated that the courts are currently deliberating on a tenancy dispute with its...
