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Why Invest in Property in Genting Highlands?

Genting Highlands, often dubbed the "City of Entertainment," is rapidly transforming into a sought-after real estate destination. Nestled amidst the Titiwangsa Mountains, this highland paradise offers more than just entertainment and leisure. Here are compelling reasons why investing in property in Genting Highlands is a smart move: 1. Thriving Tourism: Genting Highlands is a magnet for tourists. In 2022...

Kerjaya Prospek Group Eyes RM1.2 Billion New Contract Win Target for 2023

Kerjaya Prospek Group Bhd continues to aim for a new contract win target of RM1.2 billion for 2023, having already secured RM533.4 million in new projects this year. Out of the RM533.4 million, RM135.4 million is allocated for the development of BBCC Development in Bukit Bintang, Kuala Lumpur, where Kerjaya Prospek plans to erect a 21-storey structure. The remaining RM398 million is designated for the...

High Interest Rates and Evolving Work Patterns Reshape Real Estate Investment Strategies

The traditionally robust real estate sector now faces fresh challenges brought about by high interest rates and evolving work patterns, according to Benjamin Tay, Rajah & Tann Singapore LLP's Deputy Head for Corporate Real Estate. To maintain stability and continual growth, investment companies are adopting different strategies. Tay indicates that in these times of market volatility and uncertainty,...

Kuala Lumpur Ranks 35th in Asian Expat Cost of Living – ECA International Analysis

ECA International's recent cost of living analysis places Kuala Lumpur as the 35th most expensive city in Asia and 175th on a global scale for expatriates. Other Malaysian cities, including George Town, Kota Kinabalu, and Johor Bahru, saw a slight drop in their rankings, securing 189th, 195th, and 198th positions, respectively. Lee Quane, ECA International's Asia Regional Director, attributes the drop in...

Sentral REIT Sets Sight on Menara CelcomDigi for Portfolio Expansion

Sentral Real Estate Investment Trust (Sentral REIT) has announced its intention to acquire the 27-story Menara CelcomDigi, previously known as Menara Celcom, from the Malaysian Resources Corp Bhd (MRCB). Sentral REIT's management company, Sentral REIT Management Sdn Bhd, has accepted a letter of intent from MRCB, kick-starting the negotiations for the proposed acquisition. Although the exact acquisition...

Malaysia Emerges as Rising Star in the Global Data Centre Market

The rapid growth of digital infrastructure in Malaysia is making the nation an increasingly attractive hub for data centres and investment. This development is propelled by enhanced investments in components such as cable landing stations, additional underwater cables, 5G, and upgraded fibre connectivity. As per JLL's new Global Data Centre Outlook, leading sites in Malaysia currently include Selangor,...

Johor’s Forest City: From ‘Ghost Town’ to Flourishing Eco-Metropolis

Celebrating its seventh year in Malaysia, the Forest City project in Johor, once widely referred to as a "ghost town," marks an important step in the growth of sustainable and flourishing communities, according to Country Garden Pacificview Sdn Bhd (CGPV). CGPV, the master developer and real estate collaboration between Esplanade Danga 88 Sdn Bhd and Country Garden Holdings Co Ltd, is making steady...

Malaysia Becomes a Top Destination for Chinese Commercial Property Investors

Malaysia continues to captivate Chinese investors, who seek high-quality, investment-grade assets like commercial real estate that provide stable, long-term revenue unlinked to China's economic cycle, according to Juwai IQI co-founder and CEO Kashif Ansari. Chinese investors find the strengthening economic ties between China and Malaysia particularly enticing, prompting an uptick in investment interest in...

REHDA Calls for i-Miliki Exemptions to be Extended to All Malaysian Homebuyers

The Real Estate and Housing Developers' Association (REHDA) Malaysia has expressed the opinion that i-Miliki exemptions should be extended to all Malaysian home purchasers, rather than just first-time homeowners. Datuk NK Tong, president of REHDA, stated that many homeowners who wish to upgrade or have received property as inheritance are unable to benefit from the i-Miliki exemptions. "The incentives...

KL Wellness City: Revolutionizing Healthcare and Wellness Lifestyle in Southeast Asia

Southeast Asia's premier health-centric township, KL Wellness City (KLWC), is poised to revitalize the healthcare industry. This RM11 billion project spans 26.49 acres, establishing a robust ecosystem devoted to promoting health and wellness. Encompassing a diverse array of facilities including the Nobel Healthcare Park, KL International Hospital (KLIH), innovation labs, R&D units, healthcare office...

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