News

Shah Alam, Selangor’s capital, is a focal point of many existing and new infrastructure developments. The state still experiences the most property transactions. Key players in the property industry remain confident of Selangor’s continued status as a prime investment area, with no signs of the trend changing. Selangor’s prominence was well-recorded even during the pandemic, when in 2021,...

Property developers in West Malaysia reported a 26% decline in unit launches and a 5% sales drop in the first half of 2022 (1H2022) from the second half of last year (2H2021), according to Real Estate and Housing Developers’ Association (Rehda) Malaysia. Rehda’s survey of 150 respondents released on Wednesday (Oct 12) found that 7,843 units were launched in 1H2022, of which 45% or 3,549 units were...

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz has tabled Budget 2023 on Friday, Oct 7. This year’s theme is “Strengthening Recovery and Facilitating Reforms towards Sustainability of Economic Resilience and Wellbeing of Keluarga Malaysia”. What’s in it for homeowners and property buyers? Let’s take a look at what changed or improved from 2022 versus Budget...

The general reaction towards the government’s new Premium Visa Programme (PVIP) is positive but an academic feels that there is “confusion” over how Putrajaya wants to attract wealthy foreigners to invest and reside in the country. “Well, my hope is that the introduction of the new programme is a way to reform MM2H and to make it less stringent, as the requirements for this PVIP programme...

With the easing of restrictions and the increasing vaccination rates, people are emerging from months of isolation enforced during the Covid-19 pandemic peak periods and are eager to reconnect with things they have missed out on. “That is why the most exciting part for The Tropika is the commercial development. Construction will be completed by next month and then we will be handing over to our...

Bank Negara Malaysia (BNM)’s Monetary Policy Committee (MPC) has raised its overnight policy rate (OPR) by 25 basis points (bps) to 2.5% on Thursday (Sept 8), in line with expectations for further normalisation of monetary policy as the country’s economic growth and inflation gain momentum. This is the MPC’s third consecutive 25bps OPR hike this year, in line with 17 economists’ forecast...

Imagine buying a two-storey condo unit in your ideal location and at your dream price. Yes, you are reading it right – it has two storeys, and it is called a duplex unit, which comes with extra space for you on the upper floor. Meet the local duplex home In Malaysia, a duplex house is a double-storey unit constructed in a high-rise residential structure, such as in a condominium. Sometimes called...

Tropicana Windcity, a Genting Highlands mid-hill township developed by Tropicana Corp Bhd, will be a well-planned holistic retail, recreational, and residential sanctuary. Tropicana Grandhill, Tropicana Paradise, and Tropicana Avalon are three distinct masterplans that will span 112 acres, 308 acres, and 176 acres, respectively, within the 596-acre township. Tropicana WindCity is envisioned with...

LBS Bina Group Bhd has proposed to purchase two pieces of land in Bentong, Pahang for a total consideration of RM97.85 million. In a Bursa Malaysia filing on Friday (July 22), LBS Bina said its subsidiary Casa Inspirasi Sdn Bhd (CISB) signed the sale and purchase agreement with Pejabat Setiausaha Kerajaan Pahang on Friday. Both plots of land — measuring about 309.95 acres, held under leasehold...

The 486-acre former Royal Malaysian Air Force base in Sungai Besi, which is just a 15-minute drive to the Kuala Lumpur city centre, is being redeveloped into Bandar Malaysia under a public-private partnership model. However, the process of selecting a master developer has not been a smooth one. The development agreement with the initial master developer — a consortium comprising Iskandar...