Homeowners win legal battle as High Court blocks commercial project on their residential property in Cyberjaya. KUALA LUMPUR, 12 Sep 2023 - In a significant legal victory, the High Court has granted an injunction sought by 46 homeowners of Lakefront Villa @ Cyberjaya in Dengkil, Sepang. This injunction prohibits the developer and its subsidiaries from proceeding with any commercial development on the...
The 12MP MTR reveals plans to enforce a one-house-per-citizen policy for affordable housing, develop housing databases, and more. Kuala Lumpur, 11 Sep 2023 - The enforcement of a regulation allowing each eligible citizen to purchase only one affordable house is set to become a reality, aimed at ensuring a sustainable supply of affordable housing. This measure is part of the Mid-Term Review (MTR) of the...
Discover how Malaysia's Prime Minister Datuk Seri Anwar Ibrahim plans to improve public housing and expand the rent-to-buy scheme in major cities. Kuala Lumpur, 11 Sep 2023 - Malaysia's Prime Minister, Datuk Seri Anwar Ibrahim, has unveiled plans to enhance public housing by shifting from the concept of ownership to residence, prioritizing safe and comfortable living. An expansion of the rent-to-buy...
Discover how Malaysia's 12th Malaysia Plan aims to develop smart cities, address urban challenges, and boost rural economic potential by 2025 Kuala Lumpur, 11 Sep 2023 - The 12th Malaysia Plan (12MP) has set ambitious goals to recognize at least five smart cities as early adopters by 2025. According to the Mid-Term Review (MTR) of the 12MP released by the Ministry of Economy, these efforts will be...
Prime Minister Anwar introduces 11 key transportation and logistics projects to boost Malaysia's infrastructure and public transport services. Kuala Lumpur, 09 Sep 2023 - Prime Minister Datuk Seri Anwar Ibrahim announced today the introduction of 11 new transportation and logistics projects, marking a significant step toward building a sustainable and resilient national infrastructure. These...
Bank Negara's decision to maintain the OPR at 3.00% provides stability and affordability in Malaysia's real estate market, benefiting homeowners and investors. Kuala Lumpur, 08 Sep 2023 - Amidst rising interest rates in Southeast Asian countries, Bank Negara Malaysia's decision to maintain the Overnight Policy Rate (OPR) at 3.00% has provided reassurance to Malaysia's real estate market. In...
Tropicana launches SouthPlace 2 in Subang Jaya's Metropark with apartments, retail lots, and Mercato as the anchor tenant. Petaling Jaya, 07 Sep 2023 - Tropicana Corporation Bhd (Tropicana) is expanding its 88-acre Metropark, Subang Jaya, with the launch of SouthPlace 2 Shoppes and Residences. This move follows the strong demand seen at SouthPlace Shoppes and Residences, which achieved a 90% take-up...
Mah Sing partners with TSSC for industrial property development, capitalizing on Malaysia's growing foreign direct investment. Petaling Jaya, 07 Sep 2023 - Mah Sing Group Bhd is diversifying its portfolio by establishing a joint venture (JV) with The South Sea Capital Sdn Bhd (TSSC) to enter the industrial real estate development sector. In this development, Mah Sing's wholly owned subsidiaries,...
EcoWorld's strategic acquisition of 403.78 acres in Mukim Senai, Johor, paves the way for the development of Eco Business Park VI (EBP VI) to meet the growing demand in the industrial sector. Kuala Lumpur, 06 Sep 2023 - EcoWorld Development Group Berhad is set to bolster its industrial portfolio with the acquisition of 403.78 acres of land in Mukim Senai, Daerah Kulai, Johor, from IOI Prima Property...
Paramount Corp plans RM700m property launches in 2HFY2023, aiming for stronger earnings supported by unbilled sales of RM1.5 billion for the year KUALA LUMPUR, 06 Sep 2023 - Paramount Corp Bhd is gearing up for a promising second half ending on Dec 31, 2023 (2HFY2023) as it anticipates stronger earnings, fueled by new property launches and ongoing efforts to enhance its return on assets. The group,...
