Malaysian Construction Sector Poised for Significant Growth in 2H24 The construction sector in Malaysia is gearing up for a substantial acceleration in the second half of this year, propelled by the long-awaited rollout of major infrastructure projects. Following a robust performance in the first half of 2024, the sector is expected to surpass RM40 billion in contract awards this year, marking the highest...

SS16 Subang Jaya: From Commercial Hub to Vibrant Mixed-Use Development The neighborhoods of SS12, SS13, SS14, SS15, SS17, SS18, and SS19 originally formed Subang Jaya, a well-established township in the Klang Valley, known for its predominantly landed residential properties. SS16, in contrast, was designated as the commercial hub, uniquely positioned at the fringe of Subang Jaya, bordered by the Federal...

Berjaya Tagar Launches Affordable Pangsapuri Azalea in Subang Heights, Selangor Berjaya Tagar Sdn Bhd, a subsidiary of Berjaya Land Bhd (KL), has officially launched an exciting new affordable residential project, Pangsapuri Azalea, under the Berjaya Flagship Affordable Homes (BFAH) initiative. This freehold development is located in Subang Heights, Subang Jaya, Selangor, and promises to deliver value and...

IJM Corp Secures RM331.7 Million Contract for Data Centre in Johor IJM Corp Bhd (KL) has successfully secured a significant contract valued at RM331.7 million to design and build a data centre for a subsidiary of Telekom Malaysia Bhd (KL) in Iskandar Puteri, Johor. This project, known as Block 2 of the Iskandar Puteri Data Centre, marks a strategic milestone for IJM Corp and highlights its growing...

NCT Group's Strategic MOUs Aim to Enhance Sustainability at NSIP NCT Group’s subsidiary, NCT Smart Management Sdn Bhd (NCT Smart Management), has recently signed memorandums of understanding (MOUs) with KDEB Waste Management (KDEBWM) and Mentari Alam EKO (M) Sdn Bhd (MAEKO). These strategic collaborations aim to bolster the offerings and capabilities of the NCT Smart Industrial Park (NSIP), located in...

Sabah Launches MM2H Programme: New Opportunities for Foreign Residents The Sabah state cabinet has officially approved the Sabah-Malaysia My Second Home (Sabah-MM2H) programme, opening its doors to participants starting today. This initiative aims to attract foreign residents to Sabah, fostering cultural exchange and economic growth within the state. Programme Approval and Oversight Sabah Tourism,...

Forest City: Malaysia's $100 Billion Ghost Town Becomes Reality Show Backdrop Malaysia's ambitious $100 billion mega-development, Forest City, was once envisioned as a luxurious haven for 700,000 residents. Today, it stands as a modern ghost town, with developers shifting their focus from creating a bustling community to turning it into a set for reality shows and documentaries. The Vision and the...

Malaysia's Property Sector: Navigating Challenges Amidst Recovery The Malaysian property sector, after experiencing a renaissance over the past year, remains vulnerable to significant headwinds. According to Kenanga Research, despite recent gains, challenges such as oversupply, high household debt, elevated interest rates, and weakened consumer sentiment due to high inflation and rising living costs...

Chin Hin Group Property Launches Crown Penang: A New Residential Marvel Chin Hin Group Property Bhd (KL) has made a significant entry into the Penang property market with the launch of its first development in the state, named Crown Penang. This exciting residential project was unveiled on Saturday and promises to deliver luxury and convenience to its future residents. Joint Development and Strategic...

Tourism Minister Apologizes for Langkawi Exclusivity Statement, Emphasizes Inclusivity Datuk Tiong King Sing, the Tourism, Arts, and Culture Minister, has issued an apology over a recent statement made by his deputy regarding Pulau Langkawi. He emphasized that inclusivity is central to Malaysia’s cultural tourism strategy and that no site should cater exclusively to a single religion. Statement from...