News

In the second quarter of 2023 (Q2 2023), Malaysia has seen a 5.3% decrease in the number of unsold houses, totaling 26,286 units valued at RM18.3 billion, according to data from the National Property Information Centre (Napic). This decline reflects ongoing efforts to manage the issue of unsold properties in the country. Addressing the Unsold Houses Issue: The Malaysian government has initiated...

With the official opening of the TRX mall attracting crowds eager to experience it first-hand, the battle among large shopping malls in the heart of Kuala Lumpur is heating up. KLCC Property Trust (KLCC, 5235SS, Main Board Real Estate Trust Stocks) and Pavilion Real Estate Investment Trust (PAVREIT, 5212, Main Board Real Estate Trust Stocks) now face increased competitive pressure. TRX mall, Suria KLCC,...

In an effort to transform Malaysia's towns and cities into liveable communities with improved quality of life, affordable housing, cleaner environments, and green transportation alternatives, the Ministry of Local Government Development (KPKT) is offering a RM200,000 grant to local authorities that achieve recognition through the Malaysia Urban Planning Awards (MUPA). This incentive aims to encourage and...

Malaysia is on the brink of an exciting new era with the opening of its first-ever Skyline Luge in Kuala Lumpur. Nestled in the beautiful Gamuda Gardens in Rawang, this thrilling attraction is set to open on December 9, 2023. It's a dream come true for thrill-seekers – now, the exhilarating Luge experience is just a short trip away! Skyline Luge Kuala Lumpur is a must-visit with its four distinct...

The implementation of the Penang undersea tunnel project is set to be considered by the state government after the finalization of the North Butterworth Container Terminal (NBCT) Expansion Plan in December 2023. This update comes from Zairil Khir Johari, the State Infrastructure and Transportation Committee chairman. According to Khir Johari, the Penang Port Commission (SPPP) has emphasized the importance...

The highly-anticipated opening of The Exchange TRX, a massive shopping center in Kuala Lumpur, has brought a new landmark to the city's skyline. One of its standout attractions is the 10-acre rooftop park, TRX City Park, which houses the first-ever Apple Store in Malaysia. While Apple has yet to make an official announcement about its new retail outlet, speculations and rumors have swirled for years, with...

The real estate market in Malaysia experienced robust growth in the third quarter of 2023 (Q3 2023), with the total value of transactions surging by 22.6% compared to the same quarter in the previous year. This substantial increase was primarily driven by a higher number of major property sales across the country, according to data released by the Valuation and Property Services Department...

The highly-anticipated The Exchange TRX officially opened its doors to the public, marking the debut of Kuala Lumpur's newest social hub and world-class lifestyle mall. The grand opening, held on a bustling Wednesday morning, saw Malaysians flocking to the mall at precisely 11:08 AM, eager to explore its offerings. With a stunning lineup of 400 stores representing 400 renowned brands spread across four...

The Johor state government is planning to present a working paper on the proposal to implement a Light Rail Transit (LRT) system in the state to the federal government after November 30. This significant move is part of the state's effort to enhance its transportation infrastructure and cater to the increasing needs of its residents. The decision was revealed by Mohamad Fazli Mohamad Salleh, the State...

Future development initiatives in Kuala Lumpur will hinge on the results of a comprehensive Traffic Impact Assessment (TIA) currently in progress. The primary objective of this assessment is to address the growing issue of traffic congestion attributed to population growth in the city. Deputy Minister in the Prime Minister's Department (Legal and Institutional Reforms), Ramkarpal Singh, emphasized that...