May 2023

mm2h office klcc

MM2H: Rehda ‘encouraged’ by govt’s plan to review strict conditions

Real Estate and Housing Developers’ Association (Rehda) Malaysia is encouraged that the “new Unity government is taking a pragmatic approach” to review the conditions for the Malaysia My Second Home MM2H scheme which had been made stricter in 2021. The previously set conditions have had damaging impact on the MM2H programme where Malaysia was not only losing to our neighbouring countries but also...

Genting XinTiDi

Aset Kayamas and GENM Collaborate to Launch Genting Xintiandi: A Transformative Mixed-Use Development in Gohtong Jaya

Perched 914.4m above sea level in Gohtong Jaya, Genting Xintiandi represents a revolutionary mixed-use development in the heart of Malaysia's beloved highland resort area. This sprawling project is set to transform local urban landscapes and stimulate economic growth through its diverse offerings. Strategic Development for a Modern Metropolitan Spanning a vast area of 24.3 hectares, Genting Xintiandi...

ayanna resort residences

Ayanna Resort Residences Redefines Luxury Living in Bukit Jalil

Bukit Jalil is about to witness a remarkable transformation with the highly anticipated launch of Ayanna Resort Residences. This extraordinary residential development promises to set new standards in luxury living, offering residents an unrivaled experience of opulence and serenity. Nestled amidst lush greenery, Ayanna Resort Residences boasts a 1-acre green lung, creating a harmonious connection...

LIMA 2023

LIMA ’23 opens with airshow by more than 70 aircraft

With the opening ceremony for the 16th edition of the Langkawi International Maritime and Aerospace exhibition being held last night, this morning's event to get the show going was only a matter of formality. Defence Minister Datuk Seri Mohamad Hasan and Transport Minister Anthony Loke jointly signalled the beginning of the opening gambit by pressing a button on the main stage. Mere seconds later, a...

KSLEsplanadeMall

KSL Esplanade Mall in Klang to open its doors on May 31

KSL Esplanade Mall by KSL City Management Sdn Bhd, a wholly owned subsidiary of KSL Holdings Bhd, is having its soft opening on May 31. It expects to draw more than a million shoppers living within a 30 to 45 minute drive from the retail mall, according to a press release dated April 18. Located within KSL Holdings’ 448-acre (181.3-hectare) KSL Bandar Bestari, the shopping mall aims to offer “more...

Astrum Ampang SOHO

Astrum Ampang Unveils New SOHO Suites 2 Amid High Demand

Astrum Ampang, a notable transit-oriented development (TOD) in Kuala Lumpur, is promoting its latest offering - SOHO Suites 2 (SS2). Astrum Ampang's track record of achieving complete take-up rates for its preceding projects - SOHO Transit 1, SOHO Transit 2, and SOHO Suites 1 - have laid the foundation for the introduction of SS2, according to James A. Bruyns, Astrum Ampang's Chief Operating Officer. SS2...

Highlands Park City Genting

King’s Park, Genting Highlands’s newest entertainment hub to launch soon

Genting Highlands will soon welcome King's Park, an integrated entertainment complex with commercial and leisure properties worth over RM1 billion. The premium Swissôtel Genting Highlands will be among the five-star hotels at King's Park. The Swissôtel Genting Highlands will have 300 rooms, a grand ballroom, executive lounges, bars, and a heated swimming pool, and will open in the third...

Radium

Main Market-bound Radium prices IPO at 50 sen per share, to raise RM434m

Property developer Radium Development Bhd, en route to a Main Market listing on May 31, has set a price of 50 sen per share for its initial public offering (IPO) exercise that will raise RM434 million. The exercise comprises a public issuance of 868 million new shares, or 25% of its enlarged share capital of 3.47 billion shares. Its expected market capitalisation is RM1.73 billion upon...

houseonmoney

Half of household loan accounts unaffected by OPR hike

A total of 50.3% or 6.4 million accounts of the total loan accounts in the household sector are fixed-rate loans that are not affected by the 100-basis-point (bps) increase in the overnight policy rate (OPR) last year, said Deputy Finance Minister Datuk Seri Ahmad Maslan. An estimated 54.8% of loan accounts of low-income borrowers, with an income of less than RM5,000 per month, are...

Compare listings

Compare