The Malaysian real estate landscape is poised for continued resilience and growth, driven by stable economic conditions and strategic measures, according to JLL, a global leader in commercial real estate services and investment management. With the industry bouncing back robustly over the last six quarters, investors are showing renewed optimism, particularly in segments like residential, logistics and...
In a significant move set to bolster Malaysia’s tourism and economic sectors, NCT Alliance Bhd (NCT) has unveiled its latest development, the Wyndham Ion Majestic Hotel in Genting Highlands. Marking a pivotal milestone, the initiative is further enhanced by a strategic partnership with the globally renowned Hard Rock International, heralding the inauguration of a Hard Rock Cafe atop the hotel. Datuk...
Kerjaya Prospek Group Bhd, a renowned construction firm, anticipates an enhancement in its net profit margins in the forthcoming quarters, buoyed by a reduction in tax rates and the potential reversal of provisions allocated for construction delays. At an earnings briefing, Datuk Tee Eng Ho, the Chairman of Kerjaya Prospek, pointed out that the company's net profit margin stood at 7.3% in the fourth...
Eco World Development Group Bhd (EcoWorld) celebrated the launch of its latest sales gallery, introducing Se.duduk D’ Kajang to the public. This marks the first time an EcoWorld duduk project has ventured outside its established townships, bringing unique lifestyle offerings and amenities to the Kajang area. With a total of five duduk projects already launched and three more slated for this year,...
Tropicana Corp Bhd is set to enhance its property portfolio with the acquisition of a leasehold land in Kota Damansara, Selangor, for RM224 million. Positioned for residential development, the 7.79-acre site is planned to host four to five towers of serviced apartments, eyeing an estimated gross development value (GDV) of approximately RM2.8 billion. This strategic move aims to capitalize on the success of...
Hyatt Regency Kuala Lumpur, located within the ambitious KL Midtown development, is slated for a grand opening in 2025, as announced by KL Midtown Sdn Bhd director David Khor during the topping-out ceremony of the hotel. This project is a collaboration between Hap Seng Land Sdn Bhd, a subsidiary of Hap Seng Consolidated Bhd, and TTDI KL Metropolis Sdn Bhd, under Naza TTDI Sdn Bhd. Initiated in December...
Crockfords, the premier hotel at Resorts World Genting (RWG), has been honored with the Forbes Travel Guide (FTG) 5-star rating for the sixth year in a row, solidifying its status as the sole hotel in Malaysia to achieve this prestigious recognition. This accolade places Crockfords among an elite cadre of 340 luxury hotels and properties globally that have been distinguished with this prestigious rating,...
In a notable revelation by Datuk Seri Tiong King Sing, the Minister of Tourism, Arts, and Culture, China nationals currently hold the lion's share of the Malaysia My Second Home (MM2H) pass holders, numbering 24,765 as of January 31 this year. This figure significantly outpaces other countries, making them the largest group among the total 56,066 active MM2H pass holders, a fact underscored in a detailed...
Home-grown building materials specialist, Chin Hin Group Bhd, has reported an impressive sixfold increase in its net profit for the fourth quarter ended December 31, 2024 (4QFY2023), largely attributed to enhanced earnings from its joint ventures (JVs) and associates, coupled with a notable disposal gain of RM9.12 million from one of its subsidiaries. The group’s net profit soared to RM96.6 million or...
In a strategic move to bolster Johor Bahru's burgeoning hospitality and residential sectors, Bangsar Heights Pavilion Sdn Bhd has officially partnered with Hyatt Hotels Corp for the management of the Hyatt Place Johor Bahru City Centre. This collaboration marks a significant milestone for the Quayside JBCC development, a RM600 million mixed-use project poised to redefine the urban landscape of Bandar Johor...
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