News

Paramount and Mitsui Fudosan Form RM1.34 Billion JV for The Ashbourne Paramount Corporation Bhd has entered into a joint venture with Japan's Mitsui Fudosan (Asia) Malaysia Sdn Bhd to develop The Ashbourne, a RM1.34 billion luxury serviced residence project in Kuala Lumpur's U-Thant enclave. The agreement, announced on 4 November 2026, involves Mitsui Fudosan acquiring a 49% equity interest in Meridian...

Armani Group Partners MBSB Bank to Offer Up to 100% Home Financing Armani Group has entered into a strategic partnership with MBSB Bank Bhd to offer eligible purchasers up to 100% home financing for selected Armani Group property developments in Malaysia. Announced on 2 November 2026, the collaboration introduces MBSB Bank's Home Financing-i and Home Advance 100 programme to qualifying buyers,...

UEM Sunrise Receives Full RM415 Million From EXSIM for KLCC Development Rights UEM Sunrise Bhd has received the full RM415 million guaranteed payment from EXSIM for development rights over a 1.59-acre freehold commercial site near Kuala Lumpur City Centre (KLCC), marking an important financial milestone for the proposed mixed-use development. In a Bursa Malaysia announcement dated 30 October 2026, UEM...

Wolo Mont Kiara: Magma Kiara Explores Hotel Interior Partnership With Jalex Magma Kiara Sdn Bhd has signed a memorandum of collaboration (MOC) with Malaysian interior fit-out specialist Jalex Sdn Bhd to explore a potential hotel interior advisory partnership for Wolo Hotel & Residences, Mont Kiara KL, its RM850 million mixed-use development along Persiaran Dutamas. Announced on 28 October 2026, the...

Menara Tun Perak, Former Menara Maybank, Offered for Sale Menara Tun Perak, formerly known as Menara Maybank, is being offered for full or partial sale, bringing one of Kuala Lumpur's most recognisable commercial landmarks to the investment market following Maybank's relocation to Merdeka 118. The 55-storey office tower, located at 100 Jalan Tun Perak, served as the headquarters of Malayan Banking Bhd...

Aviera Bangsar South to Offer 1,033 Freehold Units From RM326,000 Aviera Bangsar South, a new freehold development by Tan & Tan Developments Bhd, is preparing for its anticipated fourth-quarter 2026 launch, introducing two residential concepts designed for different lifestyles within Kuala Lumpur's established Bangsar South commercial district. The RM655 million development will occupy...

U-Thant Kuala Lumpur Property Guide: Embassy Row, Freehold Condos and Living Near KLCC U-Thant is one of Kuala Lumpur's established premium residential neighbourhoods, known for its diplomatic presence, tree-lined streets, low-density condominiums and proximity to KLCC. Located within the wider Ampang Hilir area, Taman U-Thant offers a different living environment from the city's high-rise commercial...

Clarissa Serviced Suites: Final Phase of Tropicana Cenang Clarissa Serviced Suites, the third and final residential phase of Tropicana Cenang in Pantai Cenang, Langkawi, is positioning itself as a fully furnished freehold seafront development combining holiday accommodation, private ownership and professional hospitality management. Developed by Tropicana Corporation Bhd, the project comprises 806...

Sunway Velocity 3 Tower C Records Over 100 Online Bookings Sunway Property has recorded over 100 online unit bookings for Sunway Velocity 3 Tower C, following the soft launch of the development's final residential tower on 10 October 2026. Located within the established Sunway Velocity township in Kuala Lumpur, Tower C introduces 701 leasehold serviced apartments, with built-up areas ranging from 775...

PHB Plans RM300 Million Logistics Acquisition Pelaburan Hartanah Bhd plans to acquire Penang Logistics Hub 5 from Titijaya Land Bhd for approximately RM300 million cash, adding another income-producing industrial asset to its portfolio. Titijaya’s wholly owned subsidiaries Aman Duta Sdn Bhd and City Meridian Development Sdn Bhd have entered into a conditional sale and purchase agreement with...