Malaysia My Second Home (MM2H): Enhancing Transparency and Flexibility The Malaysia My Second Home (MM2H) programme, a flagship initiative to attract long-term foreign residents, is undergoing significant enhancements by the Tourism, Arts and Culture Ministry (MOTAC). These updates aim to ensure smoother operations, greater transparency, and increased flexibility for participants. Strengthening...

Lightwater Residences at The Light City: Setting New Standards in Luxury Waterfront Living Penang’s real estate landscape is about to reach new heights with the introduction of Lightwater Residences, the most luxurious development in the state. Located within the prestigious The Light City in Gelugor, this high-end project by IJM Land Bhd is poised to set a benchmark in waterfront living, blending...

Selangor-Kuala Lumpur Border Demarcation: A Two-Year Plan The long-standing ambiguity over the borders between Selangor and Kuala Lumpur is set to be resolved within two years. Selangor Menteri Besar Amirudin Shari announced the update, emphasizing the importance of clear boundaries for effective governance and urban planning. Why the Border Demarcation Matters The Selangor-Kuala Lumpur boundary...

The Sarawak Land Code: Balancing Development and Indigenous Rights The Sarawak Land Code is a cornerstone of land management in Sarawak, serving as a legislative framework to govern land administration and use in the state. Enacted in 1958, during the Brooke administration, the code plays a pivotal role in balancing economic development, the preservation of indigenous rights, and sustainable land use....

Radium Development Achieves Revenue Growth and Expands Property Portfolio with New Projects Radium Development Bhd reported a 3.6% year-on-year increase in revenue for the third quarter of the fiscal year ending 2024 (3QFYE2024), reaching RM48.5 million, up from RM46.8 million in the same quarter last year. The company also recorded a significant turnaround in profitability, with profit before tax rising...

168 Park Selayang: Revitalizing Selayang with Retail and Residential Excellence 168 Park Selayang Sdn Bhd, a subsidiary of Infra Segi Sdn Bhd, has officially unveiled the soft opening of 168 Park Mall, the retail centerpiece of the revived mixed-use development in Selayang, Selangor. Formerly known as Selayang Star City, the project was abandoned but has now been successfully rebranded and relaunched by...

Paramount Expands in Taman U-Thant with RM145 Million Acquisition Paramount Corp Bhd (KL:PARAMON) has announced the acquisition of an 18,317 sq m leasehold land in Taman U-Thant, Kuala Lumpur, including 93 low-rise luxury condominium units, for a total cash consideration of RM145 million. The purchase, made through Paramount’s wholly owned subsidiary Tanah Bayumas Sdn Bhd, is a strategic addition to...

Penang Government’s Affordable Housing Progress and Vivo Executive Apartment Launch In line with the Penang2030 Vision, the Penang government has provided 170,000 affordable housing (RMM) units so far, with plans to deliver 220,000 units by 2030. The initiative aims to help low- and middle-income groups secure homeownership, benefiting nearly one million people in Penang, which has a population of 1.8...

Selangor to Raise Assessment Tax Rates Starting January The Selangor government has announced a 25% increase in assessment tax rates for local authorities, effective January 1, 2025. The decision, guided by the Local Government Act 1976 (Act 171), aims to align tax rates with updated valuation lists, which are legally required every five years. Why the Increase? The adjustment comes after...

EPF Introduces New Three-Tier Retirement Savings Framework The Employees Provident Fund (EPF) has launched the Retirement Income Adequacy (RIA) Framework, a comprehensive savings benchmark designed to help Malaysians achieve financial security post-retirement. Effective January 2026, the framework introduces three tiers of savings — basic, adequate, and enhanced — aligned with individual retirement...