168 Park Selayang: Revitalizing Selayang with Retail and Residential Excellence 168 Park Selayang Sdn Bhd, a subsidiary of Infra Segi Sdn Bhd, has officially unveiled the soft opening of 168 Park Mall, the retail centerpiece of the revived mixed-use development in Selayang, Selangor. Formerly known as Selayang Star City, the project was abandoned but has now been successfully rebranded and relaunched by...

Paramount Expands in Taman U-Thant with RM145 Million Acquisition Paramount Corp Bhd (KL:PARAMON) has announced the acquisition of an 18,317 sq m leasehold land in Taman U-Thant, Kuala Lumpur, including 93 low-rise luxury condominium units, for a total cash consideration of RM145 million. The purchase, made through Paramount’s wholly owned subsidiary Tanah Bayumas Sdn Bhd, is a strategic addition to...

Penang Government’s Affordable Housing Progress and Vivo Executive Apartment Launch In line with the Penang2030 Vision, the Penang government has provided 170,000 affordable housing (RMM) units so far, with plans to deliver 220,000 units by 2030. The initiative aims to help low- and middle-income groups secure homeownership, benefiting nearly one million people in Penang, which has a population of 1.8...

Selangor to Raise Assessment Tax Rates Starting January The Selangor government has announced a 25% increase in assessment tax rates for local authorities, effective January 1, 2025. The decision, guided by the Local Government Act 1976 (Act 171), aims to align tax rates with updated valuation lists, which are legally required every five years. Why the Increase? The adjustment comes after...

EPF Introduces New Three-Tier Retirement Savings Framework The Employees Provident Fund (EPF) has launched the Retirement Income Adequacy (RIA) Framework, a comprehensive savings benchmark designed to help Malaysians achieve financial security post-retirement. Effective January 2026, the framework introduces three tiers of savings — basic, adequate, and enhanced — aligned with individual retirement...

Trinity Group Launches Trinity Sensoria with Innovative Five-Tier Protection System Trinity Group, in collaboration with Singapore-based developer Oxley Holdings Ltd, has unveiled its latest residential project, Trinity Sensoria, in Beverly Heights, Ampang North. With a gross development value (GDV) of RM568 million, this 29-storey development introduces the first-of-its-kind Five-Tier Protection System...

Ant International to Establish Digital Business Centre at Exchange 106 Ant International, affiliated with China's Ant Group, is set to expand its presence in Malaysia by establishing a digital business centre at Exchange 106, the iconic skyscraper in Tun Razak Exchange (TRX). The company will occupy 62,000 sq ft across three floors, making it the building’s fifth-largest tenant. A Strategic...

Maxland Bhd Secures Land for Data Centre in Kulim High-Tech Park Maxland Bhd (KL:MAXLAND) is set to establish its footprint in the burgeoning data centre industry with the recent signing of a 60-year land lease agreement in the Kulim High-Tech Park (KHTP), Kedah. This strategic move aligns with Maxland’s focus on capitalising on the region's digital transformation and growing demand for cloud...

High Court Rules Against Developers Delivering Vacant Possession Without Occupancy Rights In a landmark decision, the High Court has ruled that delivering vacant possession of a property without granting purchasers the right to occupy it violates public policy and undermines the purpose of vacant possession. The ruling, delivered by Judge Datuk Ahmad Shahrir Salleh, has far-reaching implications for the...

Kuala Lumpur’s Commercial Property Market: A 2024 Overview Kuala Lumpur (KL), Malaysia’s economic hub, continues to draw businesses and investors despite evolving post-pandemic dynamics. As remote working and online retail reshape demand, the city’s commercial property market has rebounded strongly, showing promising growth in 2024. This article delves into key market insights from the National...