IJM Land is set to launch Riana Trees Residences, the latest residential development within the Pantai Sentral Park integrated development, this weekend. Following the successful launches of Inwood Residences and Secoya Residences, Riana Trees Residences aims to continue the momentum. Both earlier projects have been fully taken up. Spanning 3.36 acres of land, Riana Trees Residences will be a low-density...

Capitalisation rates (cap rates) of commercial properties across the Asia-Pacific region are likely to continue rising for the rest of the year, with higher borrowing costs and economic uncertainty expected to push rates up by between 75 basis points (bps) and 150bps within the next six months, according to a survey by international commercial real estate services firm CBRE. According to its...

Signature International Bhd, a kitchen cabinet maker, has announced the sale of its aluminium and facade businesses for RM17.53 million in response to increasing challenges in the construction market, including cost overruns and rising project material costs. The proceeds from the divestment will be utilized for working capital and repayment of bank borrowings, according to Signature's filing with Bursa...

IGB Bhd is expecting a positive turn in its hotel sector, largely driven by the reopening of its 390-room Boulevard hotel nestled in Mid Valley City, scheduled for July 2023. The company's hotel segment will also be boosted by a year-round contribution from St. Giles Southkey hotel in Johor Bahru, which commenced operations on August 31, 2022. The St. Giles Southkey is part of the Mid Valley Southkey,...

Is short-term rental accommodation (STRA) a feasible answer to the nation's rental and property excess concerns? Turning unused property into STRA may offer homeowners a viable option to generate supplemental income to cover their monthly mortgage expenses, despite it possibly causing inconvenience for other unit owners, suggests Albert Tan, a financial adviser with expertise in real estate dealings. Tan...

Bon Kiara, located in the sought-after suburb of Mont'Kiara in Kuala Lumpur, offers residents a unique approach to effortless living. Unlike relying solely on smart technologies, boutique developer BON Estates focuses on the comforts of home and a vibrant neighborhood, delivering a simple yet meaningful quality of life. According to CEO Chan Jin-Wy, "Effortless living means going back to the...

In the latest development involving the Malaysia My Second Home (MM2H), the government will “set the requirements” to divide the programme into three categories. Tourism, Arts and Culture (Motac) minister Datuk Seri Tiong King Sing said each of the three categories, Platinum, Gold, and Silver, will require a different amount of permanent applicants’ savings, The Star reported. "We will review the...

EcoFirst Consolidated Bhd's latest serviced apartment venture, KL48, nestled in Chan Sow Lin, Kuala Lumpur, offers exceptional value compared to other nearby projects that command around RM900 per sq ft. Datuk Tiong Kwing Hee, CEO of EcoFirst, stated that the company prides itself on competitively pricing its properties, keeping in view Bank Negara Malaysia's frequent revisions of the overnight policy...

PropNex Malaysia is thrilled to announce the highly anticipated launch of the PropNex Monopoly Championship, following the success of their own version of the renowned Monopoly board game introduced in Singapore under a licensing agreement with Hasbro. This championship in Malaysia features a specially designed Monopoly board adorned with iconic landmarks and street names that are familiar to...

The government will review the terms and conditions for the Malaysia My Second Home (MM2H) scheme following reports of a 90% drop in applicants because of strict the requirements. The Tourism, Arts and Culture Ministry (Motac) said the decision to review the strict conditions introduced in 2021 was reached following a meeting between its minister, Datuk Seri Tiong King Sing, and Home Ministry...