In a decisive move to alleviate the financial strain on buyers of the troubled Residensi Hektar Gombak project, the Ministry of Housing and Local Government (KPKT) has announced that it will issue a confirmation letter detailing several supportive measures. Deputy Minister Datuk Aiman Athirah Sabu disclosed that the letter would urge financial institutions to consider a raft of relief options, such as...

Tropicana Gardens has been honored as the best mixed-use development in Malaysia at the prestigious FIABCI Malaysia Property Award 2023. This accolade celebrates the integrated development's exceptional blend of residential, retail, and office components, set within the vibrant Tropicana Indah township on a sprawling 17.6-acre plot in Kota Damansara. Since its inception in 1996, Tropicana Indah has...

Sime Darby Property Bhd has solidified its standing as a pioneer in environmental stewardship by clinching the Fiabci Malaysia Property Award 2023 in the Environmental Category, a recognition of its Elmina Rainforest Knowledge Centre (ERKC) located in the City of Elmina, Shah Alam. This accolade lauds the group's efforts in fostering environmental literacy, promoting urban biodiversity conservation, and...

In a strategic move that signals confidence, Retirement Fund Inc (KWAP), Malaysia's esteemed public sector pension fund, has escalated its position to become a substantial shareholder in CTOS Digital Bhd. This development unfolds against the backdrop of significant market turmoil experienced by CTOS, following an adverse legal ruling that sparked widespread investor concern. According to recent stock...

In an innovative move towards sustainable urban development, the Shah Alam City Council (MBSA) has embarked on a pivotal pilot project to craft detailed guidelines for the installation of electric vehicle (EV) chargers within Selangor's jurisdiction. This initiative aligns with the federal government's guidelines issued in September 2023, marking a significant step forward in promoting eco-friendly...

The Malaysian real estate landscape is poised for continued resilience and growth, driven by stable economic conditions and strategic measures, according to JLL, a global leader in commercial real estate services and investment management. With the industry bouncing back robustly over the last six quarters, investors are showing renewed optimism, particularly in segments like residential, logistics and...

In a significant move set to bolster Malaysia’s tourism and economic sectors, NCT Alliance Bhd (NCT) has unveiled its latest development, the Wyndham Ion Majestic Hotel in Genting Highlands. Marking a pivotal milestone, the initiative is further enhanced by a strategic partnership with the globally renowned Hard Rock International, heralding the inauguration of a Hard Rock Cafe atop the hotel. Datuk...

Kerjaya Prospek Group Bhd, a renowned construction firm, anticipates an enhancement in its net profit margins in the forthcoming quarters, buoyed by a reduction in tax rates and the potential reversal of provisions allocated for construction delays. At an earnings briefing, Datuk Tee Eng Ho, the Chairman of Kerjaya Prospek, pointed out that the company's net profit margin stood at 7.3% in the fourth...

Eco World Development Group Bhd (EcoWorld) celebrated the launch of its latest sales gallery, introducing Se.duduk D’ Kajang to the public. This marks the first time an EcoWorld duduk project has ventured outside its established townships, bringing unique lifestyle offerings and amenities to the Kajang area. With a total of five duduk projects already launched and three more slated for this year,...

Tropicana Corp Bhd is set to enhance its property portfolio with the acquisition of a leasehold land in Kota Damansara, Selangor, for RM224 million. Positioned for residential development, the 7.79-acre site is planned to host four to five towers of serviced apartments, eyeing an estimated gross development value (GDV) of approximately RM2.8 billion. This strategic move aims to capitalize on the success of...