Malaysia has experienced five decades of rapid and inclusive economic growth, positioning the country on the brink of achieving high-income status, according to Dr. Luiz de Mello, Director of the Economics Department at the Organisation for Economic Cooperation and Development (OECD). Speaking at the launch of the 2024 OECD Economic Survey of Malaysia, Dr. Luiz highlighted the impressive economic...

Malaysia’s revamped Malaysia My Second Home (MM2H) visa scheme is generating significant interest, particularly among China's wealthy youth. According to a recent report by the South China Morning Post (SCMP), the simplified visa requirements and potential investment opportunities have attracted a wave of inquiries, marking a notable shift in the MM2H programme's appeal. Increased Inquiries from...

Tropicana Corporation Bhd (Tropicana) is gearing up to soft-launch two of its significant developments in Johor—Lido Waterfront Boulevard in Johor City Centre and Fraser Hills in Tropicana Uplands, Gelang Patah—in the coming months. These projects reflect Tropicana's strategic expansion in response to the growing demand in Johor's property market, particularly after the announcement of the...

Marriott International Inc officially unveiled the Penang Marriott Complex on Sunday, a significant addition to the brand’s portfolio in George Town, Penang, located along the iconic Gurney Drive. This grand opening not only highlights Marriott’s expansion but also marks a milestone as the company’s 50th property in Malaysia. The 55-storey Penang Marriott Complex is a mixed-use development that...

How Foreign Buyers are Driving Up Property Prices in Kuala Lumpur The landscape of Kuala Lumpur's property market is undergoing a significant shift, with rising prices increasingly driven by foreign buyers, particularly from countries like China, South Korea, and Japan. This trend, highlighted by Universiti Teknologi Malaysia's property economics and finance associate professor, Dr. Muhammad Najib Razali,...

Despite mixed earnings results from the second quarter of 2024 (2Q24), UOB Kay Hian Research (UOBKH Research) remains optimistic about the Malaysian property sector. The research house acknowledged that while some companies under its coverage fell short of expectations, overall industry performance was strong, and future growth prospects look positive. Mixed Earnings for 2Q24 UOBKH Research covers...

Malaysia is fast becoming a beacon for foreign investors in Southeast Asia, emerging as a standout market amid regional uncertainty. A unique blend of improving economic growth, political stability, and a strengthening currency is drawing significant foreign investment, making Malaysia a prime destination for those seeking safe and profitable ventures. Surge in Foreign Investments Foreign investors...

Eco World Development Group Bhd (EcoWorld Malaysia) has taken a significant step towards enhancing the living experience at its Se.duduk D’ Kajang development by signing a Memorandum of Agreement (MoA) with Jaya Grocer. The agreement, inked last week by EcoWorld Malaysia deputy CEO Liew Tian Xiong and Jaya Grocer deputy CEO Daniel Teng at the Se.duduk Sales Gallery, will see the popular supermarket chain...

Despite the geopolitical tensions and differing perspectives on the Gaza conflict, US investors continue to see Malaysia as an attractive investment destination, according to United States Ambassador to Malaysia, Edgard D. Kagan. In a recent interview with the New Straits Times, Kagan highlighted the strong, long-standing relationship between the US and Malaysia, which dates back 67 years, and noted that...

MyTOWN Shopping Centre has achieved a remarkable 98% occupancy rate following the entry of 27 new tenants in the first half of 2024, as announced in a press statement dated August 12. This milestone reflects the shopping centre's growing appeal as a prime destination for lifestyle retail, dining, and entertainment in Kuala Lumpur. New Tenants Boost Retail Mix The new tenants that have joined MyTOWN...