Malaysia's property market is on a strong upward trajectory, with the first half of 2024 (1H2024) marking a significant milestone. The National Property Information Centre (Napic) reported that the property transaction value reached RM105.65 billion, a 23.8% year-on-year (y-o-y) increase, the highest growth in five years. This substantial growth underscores the resilience and recovery of the sector, fueled...

Malaysia is poised to attract more than RM50 billion in foreign direct investments (FDI) annually by 2030, barring any unforeseen economic disruptions. This projection, detailed by UOB Global Economics and Markets Research, highlights the nation's continued appeal to international investors and its resilient economic landscape amidst global uncertainties. Steady Growth in FDI According to UOB Global...

Datuk Seri Chiau Beng Teik, the founder of Chin Hin Group Bhd (KL), has reduced his stake in NCT Alliance Bhd (KL) after selling 59 million shares via an off-market transaction. The sale, which occurred on Monday, decreased his holding in NCT Alliance from 8.06% to 4.48%, effectively removing him as a substantial shareholder. Sale Details and Impact The disposal of the 3.58% stake or 59 million shares...

Since gaining independence in 1957, Malaysia has undergone a remarkable economic transformation, evolving from a primarily agriculture-based economy to a diversified and resilient one. This journey of growth and development is a testament to strategic planning, adaptability, and visionary leadership, laying the foundation for sustained prosperity. Malaysia's economic trajectory has not only ensured...

In recent years, Malaysia has become an increasingly attractive destination for real estate investors, both locally and internationally. With a combination of affordable property prices, high rental yields, and investment-friendly policies, the country is positioning itself as a top choice for those looking to maximize returns on property investments. This article outlines the top six reasons why real...

Malaysia's data centre market is experiencing rapid growth, underlining the country’s appeal as an attractive destination for digital infrastructure investments. The latest example of this trend is Amazon Web Services (AWS), which in August 2024 announced a RM29.2 billion (USD 6.2 billion) investment in Malaysia by 2038, adding a new region to its cloud computing infrastructure, powered entirely by...

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...