News

Malaysia has retained its position as the world’s leading Muslim-friendly travel destination, taking the top Organisation of Islamic Cooperation destination award in the Global Muslim Travel Index 2026. The country received a score of 83, four points higher than in the previous edition, and has now held the leading position for 11 consecutive years. The recognition is significant because Malaysia is...

Prime land in Kuala Lumpur City Centre is becoming increasingly difficult to replace, which is why UEM Sunrise’s latest transaction deserves attention. Rather than disposing of its 1.59-acre commercial site outright, the developer has entered into a Development Rights Agreement (DRA) with Exsim KLCC. The structure gives Exsim the right to develop the site into a mixed-use project comprising a hotel,...

Kuala Lumpur’s average subsale home price crossed the RM1 million mark in the first quarter of 2026, following a sharp 15% year-on-year increase, according to IQI’s latest Residential Subsale Market Report. The average price of a resale home in the capital reached RM1.02 million during the quarter, making Kuala Lumpur the strongest-performing major subsale market among the locations highlighted in the...

SWNK Houze BBCC Begins Handover to Owners SWNK Houze at Bukit Bintang City Centre has reached its handover stage, allowing purchasers to take possession of their completed units and begin defect inspections, furnishing and move-in preparations. The completion is an important milestone for both the project and the wider BBCC masterplan. SWNK Houze is no longer an off-plan proposition assessed through...

rivals and RM329 billion in tourism receipts under Visit Malaysia 2026, supported by more than RM700 million in government funding for tourism promotion, events, infrastructure and related activities. Extending the campaign across two calendar years does not automatically mean the targets will be achieved. It does, however, give airlines, hotels, tour operators, state tourism bodies and private businesses...

The Ministry of Transport has identified several stations along the LRT3 Shah Alam Line for potential transit-oriented development, marking an early move to convert underused transport land into housing, commercial space and more active urban districts. Transport Minister Anthony Loke said Seri Andalas, Kayu Ara, Bandar Bukit Tinggi and Johan Setia are among the locations with sufficient land for future...

Malaysian Resources Corporation Bhd is entering the digital infrastructure sector with plans to develop a RM2.1 billion AI-ready data centre in Bukit Jalil, Kuala Lumpur. MRCB’s subsidiary Bukit Jalil Sentral Property Sdn Bhd has entered into a collaboration agreement with Perintis Akal Sdn Bhd for the proposed 65MW facility, which will be developed on land owned by Bukit Jalil Sentral Property. The...

The government’s decision to gazette 50 acres of Bandar Malaysia as Malay reserve land introduces a major policy component into one of Kuala Lumpur’s largest planned redevelopment projects. Prime Minister Datuk Seri Anwar Ibrahim said the move was intended to safeguard Bumiputera interests and required both political courage and careful engagement with different communities. The 50-acre parcel forms...

Datuk Wira Chiau Haw Choon will take over as executive chairman of five Chin Hin Group-linked listed companies from July 1 under a planned family succession exercise. His father, Datuk Seri Chiau Beng Teik, 65, will step down as non-independent non-executive chairman of Chin Hin Group Bhd, Chin Hin Group Property Bhd, Ajiya Bhd, Fiamma Holdings Bhd and Signature International Bhd. Beng Teik will move...

Passengers can travel free on the newly launched LRT3 Shah Alam Line and its dedicated feeder buses until July 31, following the official opening of the RM16.63 billion rail project. Prime Minister Datuk Seri Anwar Ibrahim announced that free travel would apply from June 29 to July 31 across both the rail service and Prasarana Malaysia Bhd’s feeder bus routes serving the line. The free-travel period...