Singapore Ranks Fourth Globally for Net Financial Assets Per Capita in 2024 Singapore continues to solidify its position as one of the world’s wealthiest nations, ranking fourth globally in terms of net financial assets per capita, according to the Allianz Global Wealth Report 2024. The report revealed that Singapore residents held an average of €171,930 (S$246,000 or RM800,000) in net financial...

UEM Sunrise Bhd’s (KL) Renewable Energy (RE) Industrial Park in Gerbang Nusajaya, Iskandar Puteri, Johor, is gaining significant interest from China-based companies keen to set up manufacturing facilities in Malaysia. Companies such as China Machinery Engineering Wuxi (CMEC Wuxi) Co Ltd, Wuxi Longmax Technology Co Ltd (Longmax), Gotion, Hopewind, and Huasun have expressed interest in becoming RE...

Penang High-End Property Prices Surge by 7% to 10% in 2024 Amid Rising Demand and Infrastructure Developments Penang’s high-end property market continues to experience significant growth in 2024, with prices rising between 7% to 10% compared to the previous year. This surge reflects strong demand among both local and foreign buyers, particularly in areas like Bayan Baru, Pulau Tikus, and Seri Tanjung...

Malaysia to Reap Indirect Gains from China’s Economic Stimulus Measures, Say Economists Malaysia is poised to gain indirect benefits from China’s recent economic stimulus measures, which include interest rate cuts and property market support initiatives. Economists suggest that these moves could drive demand for Malaysian goods and services, while increasing disposable income for Chinese consumers to...

EUPE Corp Bhd (KL) celebrated the topping-out ceremony for its Helix2 development in PJS 5, Petaling Jaya, on Friday. With 95% of the units sold, the affordable high-rise project is on track for completion by October 2025. Helix2, with a gross development value (GDV) of RM288 million, features 500 serviced apartments housed in a 33-storey tower. Unit sizes range from 572 to 1,065 sq ft, and selling prices...

After a seven-month renovation, Dataran Lang in Langkawi, home to the famed Brahminy Kite statue, is now open to visitors. The revitalized site offers a more vibrant and attractive experience for tourists, including newly upgraded fountain systems, improved lighting, and enhanced public amenities. According to Langkawi Development Authority CEO Datuk Haslina Abdul Hamid, the project began in February and...

34 MM2H Applications Approved by October 2024 Amid New Guidelines As of October 14, 2024, the Malaysia My Second Home (MM2H) programme has approved 34 applications out of 249 received, with 11 principal applicants and 23 dependents granted entry, according to Tourism, Arts and Culture Minister Datuk Seri Tiong King Sing. The MM2H programme continues to attract foreign interest, and the ministry received...

The National Planning Congress (NPC) 2024 is set to become a pivotal event, bringing together stakeholders and experts to explore innovative solutions for Malaysia's urban challenges. As cities continue to grow, issues such as traffic congestion, housing affordability, and climate risks persist, making it crucial to find sustainable approaches to urban planning. NPC 2024 will focus on bridging the gap...

The number of Singaporean visitors to Johor has seen a steady improvement since the Vehicle Entry Permit (VEP) was implemented on October 1, according to local business groups. While the crowd hasn’t returned to pre-pandemic levels, there is a noticeable day-by-day increase in visitors. Roland Lim, president of the Johor Baru Business and Hawker Association, noted that although the numbers have yet to...

Avaland Celebrates Grand Opening of Avenue25 Show Village in Subang Jaya Avaland celebrated the grand opening of its new Avenue25 Show Village over the weekend, introducing an innovative mixed-use development that blends nature with modern urban living. This visionary project exemplifies Avaland’s commitment to creating sustainable communities, prioritizing ecological integrity, social connections, and...