Capitaland Malaysia Trust Eyes Industrial and Logistic Assets in Johor Amid Positive Economic Sentiments Capitaland Malaysia Trust (KL) is setting its sights on expanding its portfolio with more industrial and logistic assets in Johor, driven by the region's robust demand and positive economic sentiments. This strategic move comes after CLMT's acquisition of three prime freehold ready-built factories in...

Korean investment firm GG56 Korea Ltd has committed a significant investment of US$1 billion (RM4.37 billion) in Forest City, Johor Bahru, to establish Malaysia's first Korean Culture (K-Culture) Town. The announcement was made by the master developer of Forest City, Country Garden Pacificview Sdn Bhd (CGPV), following the signing of a memorandum of agreement (MoA) between the two companies. A Landmark...

The construction of the Rapid Transit System (RTS) Link, which will connect Johor Bahru and Singapore, has reached 83% completion as of July this year, according to Transport Minister Anthony Loke. The project remains on schedule, with operations expected to commence on January 1, 2027. Progress and Upcoming Milestones Transport Minister Anthony Loke confirmed that the construction of the RTS Link is...

The East Coast Rail Link (ECRL) project, a critical infrastructure development in Malaysia, has reached a significant milestone with an overall completion rate of 70.13% as of July 2024. Scheduled for full completion in December 2026, the ECRL promises to revolutionize Malaysia's cargo and passenger transport capabilities, particularly in the east coast regions. Progress and Timeline Transport Minister...

AME Elite Consortium Bhd Sells Four Industrial Properties to AME REIT for RM119.5 Million AME Elite Consortium Bhd (KL) is strategically realigning its property investments by selling four industrial properties in Johor to its 49.62%-owned unit AME Real Estate Investment Trust (KL) for a total of RM119.5 million. This marks AME REIT’s second acquisition from AME Elite within a span of 10 months....

Pavilion Square Bukit Bintang: Urban Living at Its Finest Pavilion Square Bukit Bintang epitomizes urban living at its finest, strategically nestled within the vibrant heart of Kuala Lumpur's Golden Triangle. This dynamic district pulsates with cosmopolitan energy, offering an unparalleled fusion of convenience and excitement. Set amidst soaring skyscrapers and bustling streets, Pavilion Square enjoys a...

Swedish investment firm EQT AB has announced its acquisition of PropertyGuru, Singapore’s leading online real estate platform, in an all-cash deal valued at $1.1 billion. This landmark transaction is set to significantly reshape the real estate tech landscape in Southeast Asia. A Strategic Acquisition at a Premium Price As part of the acquisition, PropertyGuru’s shareholders will receive $6.70...

Tropicana Indah Sells Tropicana Gardens Mall and Other Assets to IOI Properties for RM1.1 Billion Tropicana Indah Sdn Bhd, an indirect 70%-owned subsidiary of Tropicana Corporation Bhd, has signed a sale and purchase agreement with IOI Mall Damansara Sdn Bhd, a wholly-owned subsidiary of IOI Properties Group Bhd, for the sale of Tropicana Gardens Mall for a total consideration of RM680...

Proton Launches its First Electric Vehicle, the eMas 7, in Collaboration with Geely Proton, Malaysia's premier automotive manufacturer, has unveiled its highly anticipated first electric vehicle (EV), the eMas 7. Managed under Proton New Energy Technology (Pro-Net), the eMas 7 will be sold under the new eMas brand. This launch marks a significant milestone for Proton as it ventures into the electric...

The Madani Economic Framework, launched with the ambition of revitalizing Malaysia’s economy, has shown promising improvements in several areas. However, experts and consumer groups argue that significant systemic issues must be addressed to achieve long-term, tangible results. As Prime Minister Datuk Seri Anwar Ibrahim prepares to present the Madani Economy report, stakeholders are keenly watching to...