The Malaysia My Second Home (MM2H) program, which has attracted many expatriates and retirees to Malaysia over the years, is facing potential challenges following the introduction of a new property purchase requirement. This development may lead to a significant decrease in the number of applicants, according to MM2H Consultants Association president Anthony Liew. New Property Purchase Requirement The...

Avaland Bhd Tops Out Alira Subang Jaya with 95% Take-Up Rate Avaland Bhd (KL) has announced the topping-out of Alira Subang Jaya, a serviced residence in Tropicana Metropark, Subang Jaya, which has achieved an impressive 95% take-up rate. This milestone was reached on Monday (July 29), according to a press statement released on Tuesday. Project Details With a gross development value (GDV) of RM578...

Malaysia’s target to achieve high-income status by 2030 is both ambitious and realistic, given the country's robust growth trajectory, economic stability, and strong investor confidence. This optimistic outlook is supported by Juwai IQI global chief economist Shan Saeed, who highlights the critical role of key states and strategic sectors in driving Malaysia’s economic advancement. Key Contributors...

Sabah Government to Investigate Claims of Rainforest Land Sale on Social Media The Sabah government has announced an investigation into claims that areas of rainforest within the state are being advertised for sale on social media platforms. This announcement comes from Chief Minister Datuk Seri Hajiji Noor, who stated that, as of now, his administration has not received detailed information regarding the...

Singaporeans' Demand for Johor Real Estate Surges Despite Ringgit Strengthening Singaporeans' interest in Johor's real estate market remains strong, undeterred by the recent strengthening of the ringgit. This sustained demand is fueled by several factors, including economic developments and infrastructural improvements, particularly the upcoming Johor Baru-Singapore Rapid Transit System (RTS)...

Engagement Sessions Continue for Draft Residential Tenancy Act (RTA) Bill with State Governments The Ministry of Housing and Local Government (KPKT) is actively pursuing engagement sessions with state governments to finalize the draft Bill on the proposed Residential Tenancy Act (RTA). These sessions aim to fine-tune the Bill, focusing on its implementation and administration, ensuring that the interests...

NCT Group Signs RM25 Million MOUs to Enhance NCT Smart Industrial Park in Sepang NCT Group, through its subsidiary NCT Smart Management Sdn Bhd, has signed five memoranda of understanding (MOUs) with different companies worth RM25 million to enhance its NCT Smart Industrial Park (NSIP) in Sepang. This announcement was made via a press statement released on Monday. Overview of NCT Smart Industrial Park...

The Ministry of Tourism, Arts and Culture (Motac) has announced an ambitious target to achieve one million tourist arrivals from India by the end of this year. This significant goal is part of Malaysia's ongoing efforts to strengthen its tourism industry and enhance bilateral relations with India, a key tourism market. The move comes on the heels of AirAsia's launch of new direct flights connecting...

Ipoh, the capital of Perak, is set to witness a significant transformation with the upcoming Sunway Ipoh Mall in Tambun. This new development, positioned to be the largest mall in the state, will span over one million square feet of net lettable area across four retail floors, offering a comprehensive and modern shopping experience. A Landmark Development for Perak Sunway Ipoh Mall, with an estimated...

Malaysia has demonstrated commendable economic resilience by achieving a gross domestic product (GDP) growth of 3.6% in 2023, according to the Department of Statistics Malaysia (DOSM). This achievement is particularly notable given the challenging global economic environment characterized by geopolitical tensions, rising living costs, and commodity price fluctuations. Services Sector Leading the...