News

Malaysia is currently facing a shortage of electric vehicle (EV) charging stations, hindering the growth of the EV market. Minister of Science, Technology and Innovation (Mosti), Chang Lih Kang, revealed that the country currently operates only around 1,000 EV charging stations, significantly below its target of 10,000 stations by 2025. According to Chang, the limited number of charging stations has...

Trinity Elita, the newest high-rise development by Trinity Group, is redefining urban living in Bandar Kinrara, Puchong. This pet-friendly and well-connected project offers residents a unique living experience, complete with dedicated spaces and facilities for pets. Situated on 2.4 acres of freehold land, Trinity Elita comprises two towers, each standing at 31 storeys and housing a total of 535 units. The...

Bukit Bintang City Centre (BBCC) is poised to revolutionize Kuala Lumpur's skyline with its visionary development, strategically situated within the Golden Triangle. With landmarks like the Petronas Twin Towers, Tun Razak Exchange (TRX), PNB Merdeka 118, and Bandar Malaysia in close proximity, BBCC is positioned to become the city's next prime address. Spanning across 19.4 acres, BBCC is an integrated hub...

It has now dawned on tourists of Penang that the state authorities have imposed a ban on almost all types of short-stay accommodation. This came into force on May 25. “Housing premises, be it in the form of landed properties (housing estates) or strata (high rise) properties, are not allowed to operate as short-term rental (STR) accommodation,” Penang mayor Rajendran Antony said in a...

Malaysian integrated builder conglomerate, Chin Hin Group Bhd, witnessed a 24% decrease in net profit for Q1FY2023. However, the company remains resilient and announces exciting property launches in Ayanna Bukit Jalil and Avantro Bandar Kinrara, expanding their impressive portfolio. Chin Hin Group Bhd's net profit for the first quarter ending March 31, 2023 (1QFY2023) declined to RM20.05 million, compared...

SkyWorld Development Bhd has reached new heights with the completion of its latest project, The Valley Residences, located in Setiawangsa. This development marks SkyWorld's tallest residential building to date and also holds the distinction of being the tallest residential building in Setiawangsa, according to the developer's media release. With a gross development value of RM761 million, The Valley...

IJM Land is set to launch Riana Trees Residences, the latest residential development within the Pantai Sentral Park integrated development, this weekend. Following the successful launches of Inwood Residences and Secoya Residences, Riana Trees Residences aims to continue the momentum. Both earlier projects have been fully taken up. Spanning 3.36 acres of land, Riana Trees Residences will be a low-density...

Signature International Bhd, a kitchen cabinet maker, has announced the sale of its aluminium and facade businesses for RM17.53 million in response to increasing challenges in the construction market, including cost overruns and rising project material costs. The proceeds from the divestment will be utilized for working capital and repayment of bank borrowings, according to Signature's filing with Bursa...

IGB Bhd is expecting a positive turn in its hotel sector, largely driven by the reopening of its 390-room Boulevard hotel nestled in Mid Valley City, scheduled for July 2023. The company's hotel segment will also be boosted by a year-round contribution from St. Giles Southkey hotel in Johor Bahru, which commenced operations on August 31, 2022. The St. Giles Southkey is part of the Mid Valley Southkey,...

Is short-term rental accommodation (STRA) a feasible answer to the nation's rental and property excess concerns? Turning unused property into STRA may offer homeowners a viable option to generate supplemental income to cover their monthly mortgage expenses, despite it possibly causing inconvenience for other unit owners, suggests Albert Tan, a financial adviser with expertise in real estate dealings. Tan...