Malaysia is currently facing a shortage of electric vehicle (EV) charging stations, hindering the growth of the EV market. Minister of Science, Technology and Innovation (Mosti), Chang Lih Kang, revealed that the country currently operates only around 1,000 EV charging stations, significantly below its target of 10,000 stations by 2025. According to Chang, the limited number of charging stations has...

Trinity Elita, the newest high-rise development by Trinity Group, is redefining urban living in Bandar Kinrara, Puchong. This pet-friendly and well-connected project offers residents a unique living experience, complete with dedicated spaces and facilities for pets. Situated on 2.4 acres of freehold land, Trinity Elita comprises two towers, each standing at 31 storeys and housing a total of 535 units. The...

Bukit Bintang City Centre (BBCC) is poised to revolutionize Kuala Lumpur's skyline with its visionary development, strategically situated within the Golden Triangle. With landmarks like the Petronas Twin Towers, Tun Razak Exchange (TRX), PNB Merdeka 118, and Bandar Malaysia in close proximity, BBCC is positioned to become the city's next prime address. Spanning across 19.4 acres, BBCC is an integrated hub...

It has now dawned on tourists of Penang that the state authorities have imposed a ban on almost all types of short-stay accommodation. This came into force on May 25. “Housing premises, be it in the form of landed properties (housing estates) or strata (high rise) properties, are not allowed to operate as short-term rental (STR) accommodation,” Penang mayor Rajendran Antony said in a...

Malaysian integrated builder conglomerate, Chin Hin Group Bhd, witnessed a 24% decrease in net profit for Q1FY2023. However, the company remains resilient and announces exciting property launches in Ayanna Bukit Jalil and Avantro Bandar Kinrara, expanding their impressive portfolio. Chin Hin Group Bhd's net profit for the first quarter ending March 31, 2023 (1QFY2023) declined to RM20.05 million, compared...

Sheng Tai International Sdn Bhd has revealed its collaboration with renowned fashion brand KARL LAGERFELD in the unveiling of the KARL LAGERFELD Tower within the RM6.5 billion The Sail development located in Kota Laksamana Melaka. Set to be completed in 2030, the KARL LAGERFELD Tower will feature a combination of hotel and residential units, though specific details are yet to be confirmed as the project is...

SkyWorld Development Bhd has reached new heights with the completion of its latest project, The Valley Residences, located in Setiawangsa. This development marks SkyWorld's tallest residential building to date and also holds the distinction of being the tallest residential building in Setiawangsa, according to the developer's media release. With a gross development value of RM761 million, The Valley...

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...