News

Malaysia’s Rooftop Solar Policy Update: Certainty and Fairness for All Users The Malaysian government has reaffirmed its commitment to supporting rooftop solar adoption while introducing new tariff and incentive adjustments to ensure a fairer system for all electricity consumers. In a statement released by the Ministry of Energy Transition and Water Transformation (PETRA), it was announced that...

UEM Sunrise Launches ‘One Oval’ in Perth’s Subiaco East as Flagship Australian Project Malaysian developer UEM Sunrise Bhd has officially named its flagship Australian development One Oval, marking a significant milestone in the transformation of Subiaco East, one of Perth’s most iconic heritage precincts. The project is the first residential development to kick off under the Western Australia...

LBS Bina Expands South with RM7 Billion Industrial Development in Klebang, Melaka Property developer LBS Bina Group Bhd (KL:LBS), in collaboration with Oriental Holdings Bhd (KL:ORIENT), is spearheading a RM7 billion mixed industrial development in Klebang, Melaka — marking a bold step in expanding its footprint beyond the Klang Valley into high-potential southern growth corridors. Set to be developed...

Mitrajaya Secures RM70 Million Construction Contract for Langkawi Serviced Apartment and Training Centre Construction and engineering group Mitrajaya Holdings Bhd (KL:MITRA) has landed a RM70 million contract via its wholly owned subsidiary Pembinaan Mitrajaya Sdn Bhd to develop an eight-storey serviced apartment building in Langkawi that will also function as a training centre and recreational hub for...

MIDF Amanah Bullish on Malaysia’s Property Market Outlook for 2025 Malaysia’s property market continues to show resilient momentum heading into the second half of 2025, with MIDF Amanah Investment Bank Bhd maintaining a bullish outlook on the sector. In its recent investor note, the bank cited strong buying interest, robust earnings, and a minimal impact from the sales and service tax (SST) as key...

Property developer Magna Prima Bhd (KL:MAGNA) is expanding its southern footprint with a new small office/home office (SoHo) project in Johor Bahru, through a joint venture between its wholly owned subsidiary Twinicon Sdn Bhd and Crest Star Land Sdn Bhd. The project, which will be built on a 3,457.5 square metre land parcel, marks Magna Prima’s latest move to tap into Johor Bahru’s growing demand for...

TRX Launches New Landmark Office Tower to Reinforce Kuala Lumpur’s Global Financial Aspirations TRX City Sdn Bhd, the master developer of the 70-acre Tun Razak Exchange (TRX), has broken ground on its latest 39-storey office tower, marking another milestone in transforming Kuala Lumpur into a premier international financial district. Slated for completion by 2Q2029, this tower is set to become the 10th...

Johor Tops Residential Launches in 1Q2025 Amid Market Realignment The first quarter of 2025 highlights Johor’s continued dominance in Malaysia’s residential property market, with 3,194 new units launched, outpacing Selangor (2,129 units) and Negeri Sembilan (1,838 units), according to the National Property Information Centre (Napic). Despite a general dip in transaction volume and value from the...

OYO Debuts Premium SUNDAY Hotel Brand in Malaysia with Launches in KL and Langkawi KUALA LUMPUR, MALAYSIA – Global hospitality tech giant OYO has officially launched its premium hotel brand, SUNDAY Hotels, in Malaysia, with dual openings in Kuala Lumpur and Langkawi’s Pantai Cenang. These launches mark OYO’s latest move in expanding its premium segment presence across Southeast Asia. With...

Senai Airport City Powers Johor’s Rise as a High-Tech Industrial Hub Southern Malaysia is seeing a surge in economic momentum, and Senai Airport City (SAC) is at the heart of this transformation. This 1,099-hectare integrated industrial development, located in Johor, has rapidly emerged as a key investment magnet, with nearly RM8 billion in committed investments and about 160 investors onboard. As...