KUALA LUMPUR, 25 June 2023 – Radium Development Berhad, a Kuala Lumpur-based property developer, has recently unveiled two new projects in the city: Desa East Residences and Chancery Residences. Desa East Residences, valued at RM1 billion, is situated in Sungai Besi, just 5 kilometers away from Kuala Lumpur's city center. The development consists of two components: Vista Adesa Residensi...
KUALA LUMPUR, 23 June 2023 – In a recent announcement, the Malaysian government revealed a 25% discount on property assessment taxes for affordable housing in Kuala Lumpur. The discount will be applicable to all affordable housing units completed after 2014 and will remain in effect until further notice. Eligible affordable housing types include Rumah Mampu Milik Wilayah Persekutuan (RUMAWIP),...
KUALA LUMPUR, 23 June 2023 – The Malaysian government has unveiled a new program aimed at assisting low- and middle-income families in Kuala Lumpur to purchase affordable housing. To address the high cost of housing in Kuala Lumpur, which is one of the world's most expensive cities to live in, the initiative called Federal Territory Madani Neighbourhood has been introduced. Under the...
PETALING JAYA, 22 June 2023 – In an effort to rejuvenate the Malaysia My Second Home (MM2H) programme, the Malaysian government plans to introduce three categories with varying requirements: Platinum, Gold, and Silver. Each category will have different levels of requirements, with Platinum having the most stringent criteria and Silver being the least stringent. The specific requirements for...
KUALA LUMPUR, 21 June 2023 – Sime Darby Property Bhd has introduced the Servis Apartmen Mampu Milik (SAMM) homes at Serasi Residences in the Putra Heights township. The developer held a special open day event in collaboration with Lembaga Perumahan dan Hartanah Selangor (LPHS) at the Putra Heights Sales Gallery, which attracted over 500 attendees. The open day provided first-time homebuyers...
KUALA LUMPUR, 20 June 2023 – UEM Sunrise Berhad, a prominent property developer, introduced their latest project, The Connaught One, in Cheras during an impressive grand launch event on June 24. The event, held at Forest Valley Hall in Bandar Mahkota Cheras, attracted over 800 attendees, including participants from UEM Sunrise's customer loyalty program, Trésor, as well as residents of...
KUALA LUMPUR, 15 May 2023 – In the first quarter of 2023, the Malaysian property market experienced a decline in activity, with a 5.7% decrease in total transactions compared to the same period last year. This decline can be attributed primarily to a slowdown in the residential and agricultural property sub-sectors, which saw decreases of 6.6% and 12.5% respectively. However, the commercial...
