Penang’s Silicon Island Reaches Major Reclamation Milestone Penang’s Silicon Island, the state’s most ambitious land reclamation project to date, has passed the 80-hectare mark in reclamation works. This achievement signals strong progress for the 930.78-hectare project, which is being positioned as a cornerstone of Penang’s long-term growth strategy. Developed by the Penang government through...

Paramount Adjusts Sales Targets Amid Softer Property Market Malaysia’s property market continues to show signs of cooling, with Paramount Corp Bhd announcing a trimmed 2025 sales target and reduced project launches in response to moderating economic conditions. Despite near-term headwinds, the developer maintains a cautious but resilient outlook, with strong unbilled sales supporting its...

MB World Launches RM2.03 Billion MBW Innexus Industrial City in Johor Johor’s transformation into a regional investment powerhouse has taken another major step forward with the launch of MBW Innexus Industrial City, a 732-acre freehold heavy industrial project by MB World Group Bhd through its subsidiary Rising Gateway Sdn Bhd. Strategically located within the Forest City Special Financial Zone (SFZ),...

Est8 @ Seputeh by EUPE Achieves 99% Sales in Kuala Lumpur The Kuala Lumpur property market continues to prove its resilience, especially in the premium lifestyle segment. EUPE Corp Bhd’s Est8 @ Seputeh, a serviced residential development with a gross development value of RM658 million, has achieved a remarkable 99% sales rate, underscoring the strong demand for smart, sustainable living in the city. At...

MRCB Acquires EPF’s 80% Stake in Bukit Jalil Sentral: A New Chapter for KL’s RM21b Development Malaysian Resources Corp Bhd (MRCB) has announced it will acquire the Employees Provident Fund’s (EPF) 80% stake in Bukit Jalil Sentral Property Sdn Bhd (BJSP) for RM1.58 billion in cash, giving it full ownership of one of Kuala Lumpur’s largest upcoming mixed-use projects. The deal not only reshapes...

Skyline Embassy Brings Residensi Skyline Duta Ampang to Life The Kuala Lumpur property market continues to attract high-end buyers, and Skyline Embassy is making waves with its landmark project, Residensi Skyline Duta Ampang. This freehold luxury condominium has already achieved a 94% absorption rate as of August 2025, cementing its status as one of the most desirable new developments in the city. With...

Understanding the Unsold Property Market in 2025 According to the Laporan Pasaran Harta H1 2025, Malaysia recorded 26,911 unsold residential units with a total value of RM16.44 billion. While this is a slight reduction in unit numbers compared to previous years, the total value remains high because many of these properties sit in the mid-to-high-end price range. This situation reflects a dual reality. On...

RPGT in Malaysia 2025: Rules, Rates, and Foreign Investor Impact All property transactions in Malaysia — whether sales, transfers, or assignments — are subject to Real Property Gains Tax (RPGT). The Inland Revenue Board (LHDN) requires both the seller (disposer) and the buyer (acquirer) to report the transaction within 60 days via the MyTax portal. For foreign buyers eyeing Kuala Lumpur’s luxury...

Negeri Sembilan to Host Malaysia’s First AI-Powered Halal Hub Negeri Sembilan is stepping into the spotlight as it prepares to establish Malaysia’s first artificial intelligence-powered halal hub. This landmark project, known as the Regional Halal Distribution Centre (RHDC), will transform Bandar Enstek into a hub for halal innovation and global trade. With an investment value of RM400 million, RHDC...

Clarissa Residences @ Tropicana Cenang: A New Benchmark for Langkawi Beachfront Living Clarissa Residences brings a new dimension of luxury to Pantai Cenang, Malaysia’s most vibrant and internationally acclaimed beach destination. Nestled within the Tropicana Cenang integrated development, Clarissa represents the perfect balance between holiday charm, family-friendly leisure, and investment-driven...