News

AEON Mall KL Midtown Expected To Open With 75%-80% Occupancy AEON Mall KL Midtown is expected to contribute approximately 2% of AEON Co (M) Bhd’s revenue for the financial year ending Dec 31, 2027, according to TA Securities. The research house anticipates that the new mall will achieve an occupancy rate of between 75% and 80% when it opens in the final quarter of 2026. AEON Mall KL Midtown has...

Are Kuala Lumpur’s 139 Redevelopment Areas A Real Pipeline? The debate surrounding Kuala Lumpur’s 139 potential redevelopment areas has moved beyond whether the city needs urban renewal. The more important question is how many of these locations are realistically capable of being redeveloped. Housing and Local Government Minister Nga Kor Ming has repeatedly referred to 139 areas identified...

Wolo Mont Kiara Launches With RM850 Million GDV Wolo Mont Kiara KL is scheduled for its official launch on July 31, 2026, introducing a RM850 million mixed-use branded residence and hospitality development to the Mont Kiara property market. Developed by Magma Group Bhd, the 60-storey project will comprise 378 serviced apartments, 98 serviced suites, a 63-room boutique hotel, retail space and supporting...

Malaysia’s Holiday Home Sector Generated RM2.2 Billion Malaysia had 71,101 holiday homes operating nationwide in 2025, generating an estimated RM2.2 billion in revenue, according to the Department of Statistics Malaysia. The figures were published in the Holiday Homes Statistics Bulletin: Economic Census 2026, the country’s first official statistical publication providing holiday home data by state...

Hap Seng Land Completes KL Midtown Signature Office Towers Hap Seng Land Sdn Bhd has unveiled the completed KL Midtown Signature Office Towers, bringing 453,000 sq ft of new Grade A office space to Dutamas, Kuala Lumpur. The twin towers form part of the wider KL Midtown integrated development and are positioned for companies seeking modern offices with stronger sustainability credentials, digital...

Merdeka 118 Officially Renamed Menara Merdeka Maybank Menara Merdeka 118 has been officially renamed Menara Merdeka Maybank following Maybank’s relocation into the landmark Kuala Lumpur tower as its new corporate headquarters. Malaysia’s largest bank by assets confirmed that the registered address of its headquarters is now Level 70, Menara Merdeka Maybank, Presint Merdeka 118, 50118 Kuala...

COMPASS @ Kota Seri Langat Reaches Full Take-Up COMPASS IP Sdn Bhd has signed a sale and purchase agreement for the final 36-acre parcel at COMPASS @ Kota Seri Langat, marking the full take-up of the 220-acre freehold managed industrial park in Selangor. The buyer, Global Data Infrastructure Sdn Bhd, is part of a global infrastructure development consortium specialising in data centres. It intends...

Beverly Group Plans RM1.1 Billion Luxury Project In TRX Beverly Group is planning a RM1.1 billion luxury serviced apartment development on a freehold site within Tun Razak Exchange, marking the developer’s entry into Kuala Lumpur’s premium city-centre residential market. The project will occupy a 1.08-acre parcel acquired through a joint venture involving Beverly Group, Adamantine Capital Pte Ltd...

Sime Darby Property Secures A Fairly Priced KLCC-Fringe Site Sime Darby Property Bhd appears to have secured a reasonably priced city-centre redevelopment opportunity through its proposed RM160 million acquisition of Wisma Unirazak, although the future project will enter an increasingly competitive Kuala Lumpur high-rise market. Research houses including Maybank Investment Bank described the...

Seremban And Nilai Are Becoming A Connected Growth Corridor Seremban and the wider Nilai corridor are increasingly being shaped as part of a connected urban and industrial region rather than as separate towns outside the Klang Valley. Their growth is being supported by a combination of industrial investment, highway and rail infrastructure, proximity to Kuala Lumpur International Airport, available...