The Malaysian property market is expected to improve in 2023 as long as the fundamentals and government’s support through incentives are in check, according to the Malaysian Institute of Estate Agents (MIEA). Its Real Estate Market Sentiment Survey 2022/2023 shows that most respondents feel the market will improve in 2023, with a more promising outlook on the secondary market. The survey, which...

The proposed Subang Airport Regeneration Plan (SARP) prepared by Malaysia Airport Holdings Bhd (MAHB) has been approved by the Cabinet on Feb 2 after careful consideration, said Transport Minister Anthony Loke Siew Fook. He said it will focus on the development of the aerospace ecosystem, general aviation/business aviation and city airports (city airport/secondary airport). Loke said among the...

MRT Corp Sdn Bhd, the asset owner of the Klang Valley Mass Rapid Transit, is conducting a detailed and comprehensive study of the proposed MRT Circle Line (MRT3) alignment, including the suitability of a realignment. In several Twitter responses over the last three days, MRT Corp said the detailed and comprehensive study on the proposed alignment is being done for the purpose of minimising the social...

Phase Two of the Putrajaya Mass Rail Transit (MRT2) line will start operating on March 16, said Transport Minister Anthony Loke Siew Fook. He said this was decided after Friday’s post-Cabinet meeting with the agencies involved, and briefing on the tests carried out for the MRT2 showed positive development. “This evening, I received the latest briefing from the MRT Corp, Prasarana Malaysia...

The proposal to streamline border control processes at the Malaysia-Singapore border through a single entry point will be presented to Cabinet, before being brought for further deliberation between the leaders of the two countries. Deputy Prime Minister Datuk Seri Fadillah Yusof said the proposal was discussed in a cross-ministerial special committee to address congestion issues at the Johor Causeway...

Affordable homeownership is one of the dreams or wishes expressed by youths during a Budget 2023 dialogue session held recently. Deputy Finance Minister I Datuk Seri Ahmad Maslan also said they had expressed their hope for more job opportunities to ensure a sustainable livelihood. “Last week, for example, the youths expressed their wish for more affordable housing, more job opportunities,...

The revised national Budget 2023 tabled by the 10th Prime Minister, Datuk Seri Anwar Ibrahim today unveiled the biggest ever allocation of RM388.1 billion, an upward revision from the RM372.3 billion budget announced on Oct 7, 2022. Themed “Membangun Malaysia Madani”, Anwar, who is also the Finance Minister, stressed the government’s aim is to alleviate the rakyat’s struggles amidst the...

The state government has approved in principle the policies for the setting up of the Sabah-Malaysia My Second Home (SBH-MM2H) scheme. “The state cabinet has approved the policies which govern the prerequisites for participation in the programme such as age requirement, medical certification and a fixed deposit account in Sabah,” Minister of Tourism, Culture and Environment Datuk Christina...

The existing National Housing Policy will be reviewed based on the Madani framework, to align with the vision to create a prosperous nation and balance for all Malaysians, according to the Local Government Development Ministry. In a statement issued here on Monday (Jan 23), the ministry said that through the new housing policy and more organised planning, as well as with the cooperation of all housing...

Tropicana Corp Bhd is revising the masterplan for its 308-acre integrated hub, Tropicana Paradise, in Genting Highlands. This is in view of surrounding environmental factors as well as prevailing market demand, according to its announcement with Bursa Malaysia on Friday. “The company plans to recreate another signature Tropicana township at the mid-hills of Genting to continue its business...