In a significant development, Airbnb, a prominent player in the vacation rentals and tourism sector, has joined hands with the Town and Country Planning Department (PLANMalaysia) to establish a unified set of guidelines for short-term rental accommodation (STRA) across Malaysia. This strategic collaboration marks a crucial step toward ensuring the structured growth of the short-term rental industry in the...

The Malaysian property sector is poised for a potential resurgence in 2024, thanks to a growing influx of foreign investors and the government's ongoing review of the Malaysia My Second Home (MM2H) program criteria. According to Teh Heng Chong, CEO of Avaland Bhd, this development could particularly benefit properties priced over RM1 million. Optimism in the Property Market: The property market is showing...

he Renaissance Kuala Lumpur Hotel & Convention Centre, located in the heart of the city center, has officially reopened its doors to the public after an extensive renovation period that began in June 2020. This reopening marks an exciting development, as the hotel will now be part of Marriott International's first dual-branded property under the Marriott Bonvoy travel program in Malaysia. The...

NCT Alliance Bhd has reaffirmed its dedication to ensuring the completion and delivery of homes to homeowners, aligning with the Malaysian government's initiatives to address the challenges posed by abandoned property projects in the nation. The commitment comes in the wake of Prime Minister Datuk Seri Anwar Ibrahim's announcement of a special financing guarantee of RM1 billion in Budget 2024 to tackle...

Are you ready to take on the exciting journey of purchasing your first home? It's a significant step that requires careful consideration not only of your budget but also your long-term goals and financial readiness. Let's explore some key factors to keep in mind as you embark on this path. 1. Future-Proofing Your Home: Your home should cater not only to your current needs but also your future plans. Take...

Budget 2024 brings exciting prospects for Johor's investment landscape, especially with plans to liberalize visas, including those for investors' employment passes in certain sectors. The relaxation of conditions under the Malaysia My Second Home (MM2H) program is set to bolster Johor's appeal to investors, not only from Singapore but also from various countries worldwide. Boosting Johor's Housing Sector:...

Quaver Residences, another prestigious development by the Chin Hin Group, embodies a modern sanctuary nestled in the urban heart of Sungai Besi, Seri Kembangan. This freehold development paves the way for high-rise living, a prevalent trend in today's rapidly urbanizing landscapes. As architects reimagine sustainable housing, Quaver Residences steps forward with its offering of 684 residential units housed...

Tropicana Cenang at Langkawi is making waves with its latest development, the Merissa Serviced Suites. After the impressive success of the first phase, Assana Serviced Suites, which saw a remarkable 90% take-up rate, Tropicana Corp Bhd is now introducing the Merissa Serviced Suites. Situated right on the beautiful Pantai Cenang beachfront, Tropicana Cenang offers breathtaking views of the Andaman Sea. The...

In the backdrop of Malaysia's flourishing urban landscapes, a darker narrative unfolds - that of unfinished housing projects commonly known as "sick projects." These ventures, plagued by various issues, inflict hardship on all stakeholders, leaving buyers without homes and financial losses, contractors unpaid, and the construction industry struggling to contribute to economic growth. The scale of this...

Malaysia's Budget 2024 has set its sights on optimizing subsidies, a move that is poised to have significant implications for the country's real estate sector. According to JLL's Malaysian 2024: Real Estate Key Highlights report, this budget aims to redirect resources towards development expenditure, ultimately supporting the nation's journey to becoming a developed nation. Key Highlights:...