News

LBS Bina Group Berhad (“LBS” or the “Group”), a developer guided by people-first values, has officially launched Rimbawan Township, a 315-acre premier development located in Genting Highlands, Pahang. This eco-conscious sanctuary is poised to generate a Gross Development Value (GDV) of more than RM9.5 billion. At 821 metres above sea level, Rimbawan Township is meticulously master planned for...

Malaysia’s semiconductor industry needs to diversify and move beyond its reliance on multinational corporations and manufacturing capabilities to maintain its position in the global market, especially amid potential disruptions, said Economy Minister Rafizi Ramli. In his speech at the Malaysia Semiconductor Recruitment Day 2024, Rafizi emphasized the importance of creating a more dynamic ecosystem that...

The Ministry of Housing and Local Government (KPKT) is ramping up efforts to assist young Malaysians in achieving homeownership through the Madani Deposit Scheme, an initiative designed for youths aged 21 to 40. This program is one of 33 proposals submitted by KPKT to the Ministry of Finance for Budget 2025. Housing Minister Nga Kor Ming emphasized that while 76.9% of Malaysian families already own homes,...

Has KL Property Really Been Increasing in Price? Here's What 2024 Tells Us Many believe property prices in Kuala Lumpur have been on a steady rise. But is this truly the case? Using data from the Ministry of Housing and Local Government (KPKT), we dive into the 2024 trends, revealing the evolution of housing prices and what buyers can expect for new launches. Overview of New Property Launches in Kuala...

Setia Awan Group has officially launched its second Transit-Oriented Development (TOD), Astrum Shah Alam, in Shah Alam on Sunday, September 29, with an 80% take-up rate for two out of its three residential towers, according to a press statement on Tuesday. The development is strategically located just 20 meters away from the under-construction Dato Menteri LRT station, part of the LRT 3 project, making it...

Malaysia's Budget 2025: Will Petrol Subsidies Be Cut? In the lead-up to the unveiling of Malaysia's Budget 2025 on October 18, the primary focus has been on the government's possible move to slash petrol subsidies. With the country's economy showing signs of recovery and the ringgit strengthening, Prime Minister Anwar Ibrahim has hinted at further actions to improve public finances. The challenge for the...

Armani Group Celebrates Grand Launch of Lofthill Residence Sales Gallery in Kuala Lumpur On October 5, 2024, Armani Group marked a significant milestone with the grand opening of its Lofthill Residence Sales Gallery located on Jalan Inai, Kuala Lumpur. This state-of-the-art sales gallery offers visitors a comprehensive experience, serving as a one-stop centre for prospective buyers. Visitors can explore...

Analysts have positively evaluated Sunway Bhd’s (KL) acquisition of a 17.58-acre freehold land in Taman Taynton, Kuala Lumpur for RM320 million, highlighting the attractive pricing and strong development potential. This acquisition is poised to enhance Sunway's gross development value (GDV) and long-term earnings. According to CIMB Securities, this acquisition will increase Sunway’s GDV to RM58...

In Malaysia, cryptocurrencies are not recognized as legal tender, with the ringgit being the sole official currency as per the Central Bank of Malaysia Act. This effectively excludes cryptocurrencies from legal tender status, although the Act does not prohibit their use. Cryptocurrencies, however, are classified as securities under the Capital Markets and Services Order, placing them within a regulated...

Old Klang Road, a legendary hub at the intersection of Petaling Jaya and Kuala Lumpur, has long been recognized for its vibrant blend of rich history and modern energy. As one of the oldest and most iconic roadways in the city, this dynamic boulevard offers a unique fusion of tradition and contemporary life. It’s this prime location that sets the stage for Majestic Gen Starz Residences, an exclusive...