To prepare for the full operation of the Putrajaya Mass Rapid Transit (MRT) line, Rapid Rail Sdn Bhd (Rapid Rail), Mass Rapid Transit Corp Sdn Bhd and contractors will conduct a final trial run of the Putrajaya MRT line Phase Two operation from Nov 22 until Dec 18. Rapid Rail said in a statement on Monday that the final trial run is a precondition set to measure and test system...

Australian real estate group Lendlease announced during a media briefing on Thursday (Dec 8) that the experiential retail and entertainment component of the 17-acre The Exchange TRX will be unveiled in 4Q2023. The Exchange TRX is part of the 70-acre Tun Razak Exchange (TRX) development in Jalan Tun Razak, Kuala Lumpur. The retail and entertainment...

An agreement has finally been inked to facilitate Pavilion Real Estate Investment Trust's (Pavilion REIT) purchase of Pavilion Bukit Jalil mall (PBJ mall) from Malton Bhd. Both groups have been in talks regarding the purchase since December last year. Malton's executive chairman and major shareholder Tan Sri Desmond Lim is also the chairman and non-independent executive director of Pavilion REIT...

Buying a property can be an overwhelming experience, especially if you are a first-time homebuyer. To help you make a more informed decision, here is a list of questions to ask your developer, sales staff, or real estate agent when buying a new property in the primary market. 1. Who is the developer? Purchasing projects under construction carries the risks of delays, or the possibility of the...

Teluk Intan MP Nga Kor Ming, who has been involved in politics for the past 23 years, is no stranger to the national political arena and is now appointed as a member of the Cabinet, holding the portfolio of Minister of Local Government Development. Nga, 50, born in Kota Bharu, Kelantan, holds a Bachelor of Laws (Hons) from the University of Malaya (UM) and has been a barrister and solicitor of the High...

Desa ParkCity’s Scandinavian-themed project NOÖRA recorded 73% of its residential units taken up over the weekend of Nov 26 and 27 during a Priority Sales event. Described as ParkCity Group’s first integrated development at its Desa ParkCity townwhip, the developer stated that there were “overnight queues as prospective buyers turned up as early as 4pm the day before the… event held for...

CTOS Data Systems Sdn Bhd, the wholly owned subsidiary of CTOS Digital Bhd, has signed a memorandum of understanding (MoU) with iBilik.com (iBilik), an online accommodation provider for room rentals and homestays. The deal will ease the vetting process for legitimate landlords and tenants by integrating several CTOS products into the iBilik platform such as CTOS eKYC digital onboarding solution, CTOS...

Property developer NCT Noble Sdn Bhd handed over the first instalment of refunds to purchasers of Phase 2 and 3 of the abandoned project called The Genting Valley Batang Kali, recently. The cheque handover ceremony, held by NCT and Scheme Manager, CRS Corporate Services Sdn Bhd (CRS), marks a significant day for the purchasers of the previously abandoned project as they received the first instalment...

South Brooks at Desa ParkCity has been picked the winner in the residential category of The Edge Malaysia-PEPS Value Creation Excellence Award this year. Part of The Edge Malaysia’s Property Excellence Awards 2022, the award recognises the property project in Malaysia with market value that has appreciated the most during the period judged. “South Brooks’ win is made more significant as its...

KUALA LUMPUR (Nov 9): It may be one of the largest home-grown real estate agencies in Malaysia and Singapore, but rather than striving to merely be number one, PropNex Realty Sdn Bhd aspires to build a legacy in the real estate business. According to PropNex Malaysia CEO Marcus Teng, the company aims to nurture an organisation with agents who see the real estate business as a long-term career and not...