News

S P Setia, a prominent property developer, is set to introduce the third phase of the Casa Collection double-storey linked semi-detached homes, known as Candella 2, within the Setia Alamsari township. This development, with a gross value of RM40 million, spans two acres and is projected to be completed by the end of 2025. Candella 2, situated within a secure and gated community, comprises 44 units,...

Kanger International Bhd, a company known for its diverse business ventures, is making significant strides in the real estate sector. In a recent development, the company has acquired 15 units of proposed serviced apartments in Tower A of the prestigious Antara Genting Highlands Resort Suites for a total of RM19.77 million. This strategic investment reflects Kanger's commitment to expanding its property...

In celebration of Deepavali, the Malaysian government has announced a special toll waiver for all highway users on Saturday and Sunday. This initiative is intended to foster the festive spirit of Malaysians, particularly those of the Hindu faith, who will be observing Deepavali. The toll charges will be exempted for all classes of vehicles at most toll plazas, except for the Plaza Tol Bangunan Sultan...

In a significant move towards promoting sustainable living, IJM Land Bhd has entered into a memorandum of understanding (MOU) with OCBC Bank (Malaysia) Bhd. This collaboration aims to introduce a Green Home Financing scheme that offers competitive financing rates, fast approval processes, and a cashback program designed to encourage green homeownership among potential buyers. The Green Home Financing...

Pahang, a state in Malaysia, has achieved the highest average hotel occupancy rates in the country, standing at an impressive 73% for the first half (1H) of 2023. This significant accomplishment is attributed to the growing number of tourists choosing Pahang as their preferred destination. Leong Yu Man, Chairman of the State Unity, Tourism, and Culture Committee in Pahang, credited the higher tourist...

Singapore-based property management company, Bespoke Habitat, has ventured into the Malaysian market with the launch of a 200-room co-living space near Mid Valley Southkey in Johor Bahru. As of November 1st, the co-living facility has already achieved an impressive 80% occupancy rate. The rooms are fully furnished, with monthly rates varying from RM800 to RM1,400 based on factors like room size, location,...

As of September 30, 2023, the Task Force on Private Housing and Abandoned Projects (TFST) has revealed a concerning situation in Malaysia's real estate landscape. They have identified a total of 655 housing projects that fall into the categories of delayed, sick, or abandoned, collectively valued at RM79.03 billion. These projects have been broken down into the following categories: Delayed...

In a series of videos shared on TikTok by user @handsomecool666, numerous guests were seen unable to check in to their apartment units, waiting near the condominium's entrance and guardhouse. The situation arose as the condominium management had recently implemented a ban on short-term rental accommodations, catching many guests by surprise. In one video, guests were shown waiting outside the condominium...

Cornell Academy, a local hospitality education institution, has entered into a partnership with Universiti Sains Malaysia’s (USM) Graduate School of Business and King’s Park Genting Highlands to provide training opportunities for its students. This collaboration, signed on October 8, aims to enhance the skills and knowledge of students in the hospitality and business management sectors. Under the...

TA Securities believes that the Penang Transport Master Plan (PTMP) will serve as a significant catalyst for Penang's construction sector, making the state an attractive destination for investors and developers. The research house is optimistic about Penang's residential property market, driven by the robust recovery of the medical and tourism sectors on Penang Island post-pandemic, as well as the thriving...