The Malaysian government is taking significant steps to support first-time homebuyers with the Housing Credit Guarantee Scheme under Syarikat Jaminan Kredit Perumahan (SJKP). The scheme will provide government guarantees of up to RM5 billion to benefit a total of 20,000 first-time house buyers. This improvement to the scheme, offering financing guarantees of up to 120%, aims to provide more opportunities...

Tropicana Corp Bhd has achieved remarkable success in its property sales, surpassing its target and reaching RM650 million in the six months ending June 30, 2023 (1HFY2023). The property developer disclosed that property bookings have soared above RM1.3 billion, indicating a strong demand for its developments. In a filing with Bursa Malaysia, Tropicana Corp expressed its confidence in achieving a total...

Celebrating its seventh year in Malaysia, the Forest City project in Johor, once widely referred to as a "ghost town," marks an important step in the growth of sustainable and flourishing communities, according to Country Garden Pacificview Sdn Bhd (CGPV). CGPV, the master developer and real estate collaboration between Esplanade Danga 88 Sdn Bhd and Country Garden Holdings Co Ltd, is making steady...

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Foreign participants of the Sarawak-Malaysia My Second Home (S-MM2H) programme can now work in the state, as per the recent approval of the state cabinet's refinements on application procedures. The new regulations are set to take effect from Tuesday (Aug 1), providing foreign participants with the opportunity to work while residing in Sarawak. Sarawak's Tourism, Creative Industry, and Performing Arts...

Renovating a new condo is an exciting project that allows you to create your dream living space. Whether you want to personalize the design or enhance functionality, careful planning and consideration are essential for a successful renovation. To help you embark on this fulfilling journey, we have listed seven key considerations, along with some expert insights. Establish a Realistic Budget: Before...

Forest City, the ambitious mega mixed development project spanning four reclaimed islands in Johor waters, is making steady progress despite the challenges posed by the global real estate market amid the Covid-19 pandemic. Covering a vast area of 2,832.79 ha (7,000 acres) over four islands near Tanjung Pelepas Port, the development is committed to sustainable growth in the region. In a statement, Forest...

Urban dwellers often yearn for nature-rich getaways, but what if you could wake up to the serenity of a rainforest-inspired environment every day right where you live? Alora Residences in 2Fifth Avenue, developed by Avaland Bhd, brings this vision to life with its unique concept of green vertical city living. Drawing inspiration from the tropical terrain, Alora Residences features five distinct layers of...

Malaysia continues to captivate Chinese investors, who seek high-quality, investment-grade assets like commercial real estate that provide stable, long-term revenue unlinked to China's economic cycle, according to Juwai IQI co-founder and CEO Kashif Ansari. Chinese investors find the strengthening economic ties between China and Malaysia particularly enticing, prompting an uptick in investment interest in...

Mass Rapid Transit Corp Sdn Bhd (MRT Corp) and Hong Kong's public transport operator and property developer MTR Corp Ltd have signed a memorandum of understanding to jointly develop a mixed development project adjacent to the Rapid Transit System (RTS) Link's Bukit Chagar station in Johor Bahru. The RTS Link is a cross-border rail link connecting Bukit Chagar to Woodlands in Singapore, scheduled to begin...