SMART Tunnel Has Prevented An Estimated RM4.94 Billion In Damage Kuala Lumpur’s SMART Tunnel has helped avert an estimated RM4.94 billion in structural and public losses since beginning operations in May 2007. According to Amanat Lebuhraya Rakyat Bhd, the infrastructure asset has diverted approximately 266.03 million cubic metres of floodwater across more than 685 flood-activation events. Those...
Seiras Reaches Topping-Out Stage In Batu Kawan Paramount Property’s Seiras development in Batu Kawan, Penang, has reached topping-out stage, marking completion of the project’s main structural works. The developer now expects the project to be completed ahead of schedule in the fourth quarter of 2027. Launched in 2025, Seiras carries an estimated gross development value of RM266 million and...
CHGP Previews Ophira Resort Residences Chin Hin Group Property Bhd has previewed Ophira Resort Residences, a new serviced apartment development along Jalan Segambut, Kuala Lumpur, with an estimated gross development value of RM814 million. The group opened the project’s sales gallery at The MET Corporate Towers in Dutamas on Oct 10. Ophira is being developed across 4.74 acres of freehold land and...
Federal Government Backs e-ART For Johor Bahru The federal government has agreed to implement an Elevated Autonomous Rapid Transit system as a key solution to Johor Bahru’s traffic congestion. Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim announced the measure while tabling Budget 2027. The e-ART will form part of a wider public transport improvement programme that also includes...
Federal Government Backs e-ART For Johor Bahru The federal government has agreed to implement an Elevated Autonomous Rapid Transit system as a key solution to Johor Bahru’s traffic congestion. Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim announced the measure while tabling Budget 2027. The e-ART will form part of a wider public transport improvement programme that also includes...
Knight Frank Sees A Constructive Property Platform Knight Frank Malaysia has described Budget 2027 as a constructive platform for the country’s property market, pointing to measures covering homeownership, infrastructure, industrial investment and urban liveability. The consultancy’s view is broadly positive, but not unconditional. Its main point is that the Budget creates a supportive...
Budget 2027 Extends Support For Malaysian Homebuyers Malaysia’s Budget 2027 has extended several housing measures aimed at supporting first-time homebuyers, giving the residential property market greater policy visibility over the next few years. Among the key measures highlighted by research houses are the extension of stamp duty exemptions for first-time homebuyers until the end of 2030 and RM20...
Sunway Healthcare Secures Seremban Site For Medical Centre Sunway Healthcare Holdings Bhd is expanding its healthcare property footprint with the proposed acquisition of approximately 2.1 acres of freehold land in Bandar Seremban, Negeri Sembilan. Its 99.9%-owned subsidiary Sunway Medical Centre Sdn Bhd has entered into a sale and purchase agreement to acquire the site from Sunway Sentral Seremban Sdn...
AndaBreeze Launches In Bandar Cassia Kerjaya Prospek Property Bhd has launched AndaBreeze, a new freehold residential development in Bandar Cassia, Batu Kawan, Penang. The project comprises 1,406 units across two towers and is being developed by wholly owned subsidiary Kerjaya Property Sdn Bhd. AndaBreeze was officially launched on Sept 26. Unit sizes range from 636 sq ft to 1,302 sq ft, giving...
Marriott And IOI Properties Expand Their Malaysia Partnership Marriott International Inc and IOI Properties Group Bhd are expanding their hospitality partnership with four new-build hotels across Malaysia, representing a combined 888 rooms. The portfolio comprises The Ritz-Carlton Putrajaya, W Langkawi, Aloft by Marriott Sepang and Aloft by Marriott Johor Bahru Plentong. The agreement broadens the...
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