nct alliance

Chin Hin Group Founder Reduces Stake in NCT Alliance Bhd with Major Share Sale

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...

klcc malaysia flag

Malaysia’s Economic Evolution: From Agriculture to Innovation and Sustainability

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...

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Top 6 reasons why more real estate investors are choosing Malaysia

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...

data center

The Growing Significance of Data Centres in Malaysia’s Digital Infrastructure Boom

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...

KL Condo

Malaysia Nears High-Income Status After Five Decades of Rapid Growth, Says OECD Economist

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 china

Malaysia’s Revamped MM2H Visa Scheme Attracts Wealthy Chinese Youth Amid Growing Interest in Property and Industrial Investments

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...

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Tropicana to Soft-Launch Lido Waterfront Boulevard and Tropicana Uplands in Johor Amid Rising Property Demand

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...

CourtyardbyMarriotPenang

Marriott International Opens Penang Marriott Complex, Marking Its 50th Property in Malaysia

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...

core residences trx kl

Rising Property Prices in Kuala Lumpur: How Foreign Buyers are Shaping the Market

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,...

oxley klcc park

UOB Kay Hian Research Maintains Optimism on Malaysian Property Sector Despite Mixed 2Q24 Results

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...

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