In a significant move to address the discrepancies in affordable housing prices across different regions, the Ministry of Housing and Local Government (KPKT) has embarked on implementing a comprehensive mapping of affordable housing prices under the National Housing Policy. This innovative approach seeks to establish a more equitable and realistic pricing model for affordable homes, tailored to the...

The East Coast Rail Link (ECRL) project has reached a significant milestone by completing the excavation of 30 tunnels along its rail alignment, demonstrating remarkable progress and efficiency in its development. In a noteworthy achievement, the project team successfully executed three tunnel breakthroughs within the Bentong district in a single day, utilizing the "drill and blast" tunnelling method to...

Sarawak Consolidated Industries Bhd (SCIB), a key player in Malaysia's construction sector, has announced the mutual termination of its RM97.75 million contract with Landasan Kapital (M) Sdn Bhd. The contract, initially set to cover a period of 23 months, was designed to encompass a wide range of construction tasks for a residential project, including the provision of materials, labor, tools, and the...

Boustead Properties Bhd is stepping forward in its commitment to sustainability and environmental stewardship by entering into a strategic partnership with Opus International (M) Bhd, a subsidiary of UEM Edgenta Bhd. This collaboration, announced on March 11, marks a significant milestone in the promotion of sustainable energy solutions within the Malaysian real estate sector, showcasing how...

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...