Allgreen Properties Secures Prime Residential Site Near Orchard Road with Top Bid Billionaire Robert Kuok-controlled developer Allgreen Properties Ltd has made a significant move in Singapore’s real estate market by submitting the top bid for a prime residential site near the renowned Orchard Road shopping precinct. This development highlights Allgreen's strategic expansion in the city-state despite the...

Malaysia’s economy experienced significant growth in the second quarter of 2024, advancing by 5.9%, according to Bank Negara Malaysia (BNM) governor Datuk Abdul Rasheed Ghaffour. This impressive growth was attributed to several key factors, including strong domestic demand, a surge in exports, and increased household spending. Strong Domestic Demand Powers Economic Growth One of the primary drivers of...

Kuala Lumpur, the bustling capital of Malaysia, has secured its place as the fifth most popular international destination in the first half of 2024, following Tokyo, Bangkok, Osaka, and Seoul. According to digital travel platform Agoda’s booking data, Kuala Lumpur’s ranking highlights its vibrant cultural appeal and modern urban attractions. Kuala Lumpur's Rising Popularity Kuala Lumpur’s appeal...

NCT Group Tops Out Remaining Towers of Grand Ion Majestic in Genting Highlands NCT Group of Companies (NCT Group) has announced the topping out of the remaining two towers of its Grand Ion Majestic (GIM) mixed development, located in Genting Highlands, Pahang. With a gross development value (GDV) of RM1.6 billion, GIM is a significant project comprising three towers that include a total of 1,885 serviced...

99 Speed Mart Retail Holdings Bhd, the operator of Malaysia’s popular convenience store chain, has launched the country’s largest initial public offering (IPO) in seven years. The IPO, which is set to raise up to RM2.36 billion, marks a significant milestone for Bursa Malaysia, being the largest since Lotte Chemical Titan Holding Bhd’s RM3.77 billion IPO in July 2017. Key Details of the...

The Maple Residences, part of the sprawling W City OUG development, is a testament to modern urban living in Kuala Lumpur. This freehold condominium project, developed by WCT Land Sdn Bhd, is situated in Taman OUG, a strategic location that offers both convenience and luxury to its residents. Since its launch, The Maple Residences has seen a remarkable take-up rate of 72%, underscoring the high demand for...

Lexis Hibiscus 2 Resort in Port Dickson to Boost Tourism and Economy by 2029 The prestigious five-star Lexis Hibiscus 2 luxury resort, currently under construction by KL Metro Group, is set to be completed by 2029. The project is being developed in strategic collaboration with Menteri Besar Negeri Sembilan Incorporated and covers a sprawling 32.37-hectare area. With a gross development value (GDV) of...

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...