MCT Bhd has acquired a 3.9-acre plot of freehold land in Taman Desa here for RM64.65 million to undertake a condominium project with an estimated gross development value of RM500 million. The acquisition of the freehold land from Sisi Tasik Sdn Bhd is the group's second land buy in Kuala Lumpur following the purchase of another parcel of land in Seputeh that was announced on Feb 20, the...

By now, foreigners interested in moving to Malaysia via the country’s visa programmes will most probably be a bit overwhelmed by the myriad “choices” available. There are currently three schemes going on, and one in the pipeline — having its policies approved “in principle”. The three ongoing programmes are the national Malaysia My Second Home (MM2H) scheme and the Premium...

The newly announced Sabah Malaysia My Second Home (SBH-MM2H) programme has generally been well received, but whether it would achieve its objective remains a question mark. “From the Sabah state government’s perspective, I think the programme makes all sense to them. The programme requirements are not difficult to achieve, but the only question is, how many of these potential foreigners are...

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...