News

"Malaysia has consistently ranked among the top three Southeast Asian countries favored by Chinese property purchasers over the last five years. Explore the factors driving this trend." KUALA LUMPUR, 4th Apr 2024 - In 2023, Malaysia ranked as the second most sought-after Southeast Asian destination for China property buyers, attributed to its strategic location, economic stability, education...

"Penang CM urges reevaluation of LRT opposition while unveiling plans for the Aspen-Klippa Penang Bridge International Bridge Marathon 2024." GEORGETOWN, 3rd Apr 2024 - NGOs persistently opposing the Penang Light Rail Transit (LRT) Mutiara Line project are encouraged to weigh the project's advantages, particularly its long-term socio-economic benefits for the community. Chief Minister Chow Kon Yeow...

"Transport Minister Anthony Loke clarifies its status and warns against unverified private initiatives. Stay informed on this potential mega project." KUALA LUMPUR, 2nd Apr 2024 - Transport Minister Anthony Loke clarified that the Trans Borneo Railway project, linking Sabah, Sarawak, Brunei, and Kalimantan, Indonesia, remains a proposal and has not yet been tendered to any company. He mentioned that...

"Bloomsvale Shopping Gallery covers 320,000 sq ft with 100 retail outlets across four levels, offering a net lettable area of 230,000 sq f, mixed development project, which also includes residential towers, a corporate office tower, and a Courtyard by Marriott hotel." KUALA LUMPUR, 28th Mar 2024 - Kerjaya Prospek Property Bhd, via its fully-owned entity Kerjaya Property Sdn Bhd, is set to unveil...

"Discover how the Malaysia-Singapore Rapid Transit System is reshaping Johor's property landscape. The report highlights a 20% reduction in unsold property units in Johor." KUALA LUMPUR, 27th Mar 2024 - Under the development of the Malaysia-Singapore Rapid Transit System, iProperty Malaysia observes optimistic prospects in Johor's property market. Expected to be completed by the end of 2026, the...

"EcoWorld's revenue surged by 10.9% to reach RM537.79 million, fueled by increased contributions from both existing and recently introduced phases." KUALA LUMPUR, 25th Mar 2024 - Eco World Development Group Bhd (EcoWorld Malaysia) demonstrates robust growth in its first quarter of the financial year ended Jan 31, 2024 (Q1 FY2024), with a 21.5% surge in net profit to RM69.23 million compared to the...

"30% of Malaysian aim to buy houses within 2 years, with 60% budgeting below RM400K. 81% of Malaysians have faced challenges when looking for properties to rent." KUALA LUMPUR, 19th Mar 2024 - According to PropertyGuru, released its "Malaysia Consumer Sentiment Study (CSS) 2024," revealing that 30% of respondents aspire to buy property in the next two years. Among them, 60% are considering purchasing...

"Rehda predicts rising construction costs will impact Malaysian property prices in 2024. Stay informed with our latest report." KUALA LUMPUR, 18th Mar 2024 - Anticipated challenges in the escalating cost of construction materials are projected to drive significant increases in Malaysian property prices during the first half of 2024 (1H 2024), as outlined by the Real Estate and Housing Developers’...

"Sime Darby Property wins Fiabci Malaysia award for Elmina Rainforest Knowledge Centre, showcasing environmental leadership in property development." KUALA LUMPUR, 14th Mar 2024 - Sime Darby Property Bhd maintains its environmental leadership by winning the Fiabci Malaysia Property Award 2023 in the Environmental Category for its Elmina Rainforest Knowledge Centre (ERKC) in City of Elmina, Shah...

"Bank Pembangunan funds Cyberjaya data center construction, driving digital innovation and sustainability. CEO envisions resilient infrastructure and workforce growth." KUALA LUMPUR, 7th Mar 2024 - On Wednesday, Bank Pembangunan Malaysia Bhd announced its commitment to provide RM253.5 million in financing for the construction of a data center in Cyberjaya, Selangor. The tawarruq asset financing...