Clarissa Serviced Suites Records 20% Take-Up Clarissa Serviced Suites, the third and final phase of Tropicana Cenang in Pantai Cenang, Langkawi, has achieved a take-up rate of approximately 20%. Tropicana Corp Bhd marketing, sales and business development managing director Ixora Ang Pei-Chern said buyers of Clarissa are mainly foreigners, creating a clear contrast with the first phase, Assana Serviced...

Malaysia Moves Closer To A Residential Tenancy Law Malaysia’s Housing and Local Government Ministry is finalising the proposed Residential Tenancy Bill, which is intended to create clearer rights and responsibilities for both tenants and landlords. Deputy Housing and Local Government Minister Datuk Aiman Athirah Sabu said the legislation is designed to support a fairer rental market and provide a...

Magna Prima Takes Over RM700 Million 8 Conlay Rehabilitation Magna Prima Steps In To Complete 8 Conlay Magna Prima Bhd is proposing to take over and complete the long-stalled 8 Conlay mixed-use development in Kuala Lumpur through a restructuring exercise capped at RM700 million. Its wholly owned subsidiary, Permata Juang (M) Sdn Bhd, has entered into a rehabilitation agreement with the project’s...

EcoFirst Profit Falls As KL48 Approaches Completion EcoFirst Consolidated Bhd reported a sharp decline in earnings for the fourth quarter ended May 31, 2026, as lower progress billings from its KL48 condominium development in Sungai Besi reduced property development revenue. The group’s unaudited net profit fell 96.6% to RM485,000 from the corresponding quarter a year earlier. Quarterly revenue...

Johor Bahru–Singapore RTS Link Expected To Broaden Johor’s Growth The Johor Bahru–Singapore Rapid Transit System Link is expected to generate wider economic and property benefits for Johor when operations begin on Jan 1, 2027. The four-kilometre cross-border rail service will connect Bukit Chagar in Johor Bahru with Woodlands North in Singapore and is expected to handle approximately 30% to 40% of...

Malaysia Property for Foreign Buyers: What Matters in 2026 Malaysia remains one of Southeast Asia’s more accessible residential property markets for international purchasers. Subject to state rules and minimum purchase thresholds, a foreign buyer can generally acquire an eligible condominium, serviced apartment or selected landed property in his or her own name. The property can carry a registered...

E&O And Majestic Gen Plan RM189.9 Million Jalan Kia Peng Acquisition Eastern & Oriental Bhd and Majestic Gen Sdn Bhd are proposing to acquire a freehold property on Jalan Kia Peng, Kuala Lumpur, for RM189.9 million, with plans to redevelop the site into a new high-rise residential project. The acquisition will be undertaken through KP Urban Sdn Bhd, a joint venture between E&O’s wholly...

The Westin Puchong To Become IOI Rio City’s Hospitality Anchor IOI Properties Group Bhd is bringing Puchong its first internationally branded five-star hotel through The Westin Puchong, a 324-room development targeted to open by the end of June 2030. The hotel will occupy the upper floors of a mixed-use tower within Phase 1 of Rio City Town Centre, forming part of the RM12 billion IOI Rio City master...

Kerjaya Prospek Secures RM52.5 Million Data Centre Power Contract Kerjaya Prospek Group Bhd has secured a RM52.5 million subcontract involving power infrastructure for an undisclosed data centre development in the Klang Valley. The fixed lump-sum contract was awarded to its wholly owned subsidiary, Kerjaya Prospek (M) Sdn Bhd, through a letter of award dated July 23, 2026. The works cover civil,...

Skechers Expands Its Presence At Sunway Pyramid Skechers has officially soft-opened its newly relocated Sunway Pyramid Superstore, introducing a significantly larger retail format within one of the Klang Valley’s busiest shopping destinations. Located at LG1.129 in Sunway Pyramid, the new store spans approximately 8,650 sq ft and is positioned as Subang Jaya’s first Skechers World of Sports...