2023

The 4% stamp duty imposed on foreign property buyers in Malaysia could potentially offset the positive impact of the relaxation of conditions for the Malaysia My Second Home (MM2H) program, according to Maybank Investment Bank. Maybank Investment Bank's research noted that while the eased MM2H conditions are expected to benefit the domestic property industry, the introduction of a flat 4% stamp duty on...

Deputy Prime Minister Datuk Seri Fadillah Yusof has reaffirmed the commitment of the Works Ministry to complete the Pan Borneo Highway project in Sabah and Sarawak while maintaining the agreed-upon quality standards and budget. He emphasized the significance of this project as a game changer for both states, providing economic growth, travel convenience, and safety. Fadillah anticipates that Phase 1 of...

Discover a new age of urban living at Avantro Residences, nestled in the vibrant locale of Bandar Kinrara, Puchong. Just a stone's throw away from the BK5 LRT Station, Avantro embodies seamless connectivity to the heart of the city. The residences boast a range of unit sizes from 872 to 1,206 sq. ft., each meticulously designed with modern interiors partially furnished by Signature Kitchen, and equipped...

In a recent sector update, RHB Investment Bank Research reaffirmed its "overweight" position on the basic materials sector, with a particular focus on the cement industry. They express confidence in the cement market's prospects, citing its synergy with the construction and property sectors. The research house predicts that cement demand will continue to grow in the medium-to-long term, largely driven by...

Bukit Jalil, Kuala Lumpur, has become a sought-after destination for those seeking a harmonious blend of modern living and natural tranquility. Two remarkable residential enclaves, Ayanna Resort Residences and Sunway Flora Residences, offer distinctive lifestyles within this vibrant neighborhood. Let's explore the unique features and advantages of each property to help you make an informed...

Tropicana Corp Bhd has successfully completed a RM2.5 million renewal project for the Pantai Kok Rest and Recreation (R&R) center in Langkawi. This initiative was carried out in collaboration with the Langkawi Municipal Council Tourism City, aimed at enhancing facilities and supporting the local tourism sector. The renewal project encompassed several improvements, including: Commercial Lots:...

The property sector in Malaysia is set to weather the impact of a flat 4% stamp duty on memorandum of transfer (MOT) for non-citizens and foreign-owned companies in property transactions, thanks to several factors, according to MIDF Research. The research house has maintained its positive stance on the sector, citing expectations of a stable benchmark overnight policy rate for the year as a driver for...

The Ministry of Local Government Development has pledged to take decisive action against property owners who rent out cramped and hazardous living spaces. Minister Nga Kor Ming stated that, initially, warnings would be issued to owners who violated regulations by renovating their properties without local authority approval. The rented premises in question pose serious risks to tenants, including fire...

Genting Highlands is poised to become home to the largest Hard Rock Hotel in Asia, with the opening of Hard Rock Genting Highlands scheduled for 2027. This exciting development is part of the King's Park integrated mixed-use development, spanning 150 acres (60.7 hectares) in Genting Highlands. Hard Rock Genting Highlands is a 45-storey hotel that will feature 371 rooms and 630 suites, bringing the total...

As Malaysia unveils its Budget 2024, key figures in the property market have expressed their thoughts. While appreciating the government's initiatives, several areas in the property sector, including affordable housing supply, property financing, and rental market regulations, were left unaddressed. Industry leaders emphasize the importance of these aspects for a comprehensive development plan. Tan Kian...