News

LRT Mutiara Line: RM16.8 Billion Ceiling Price and What It Means for Property Malaysia’s long-anticipated LRT Mutiara Line in Penang has officially been assigned a higher ceiling price of RM16.8 billion, a figure that sparked debate in Parliament and the public domain. MRT Corp, the project developer and asset owner, has clarified that the ceiling reflects inflationary pressures, expanded project scope,...

Sarawak’s MM2H Programme Records 90% Surge, Boosting Property and Tourism Sarawak has strengthened its position as a destination for international investors and long-term residents, with the Sarawak–Malaysia My Second Home (S-MM2H) Programme recording a 90% increase in applications since the state government took over full management from the federal authorities. This surge reflects Sarawak’s...

NCT Alliance Makes RM490m Move into Industrial Park Development In a landmark shift that underscores the rising importance of industrial real estate in Malaysia, NCT Alliance Bhd (KL:NCT) has announced its plan to acquire NCT World Sdn Bhd, the developer of two major industrial parks, in a deal valued at RM490.26 million. The move will significantly expand NCT Alliance’s portfolio beyond its traditional...

The Light Waterfront Penang: Transforming the Eastern Shoreline into a Global Destination The Light Waterfront Penang is one of Malaysia’s most ambitious mixed-use waterfront developments, strategically located along the Tun Dr Lim Chong Eu Expressway in Gelugor. Developed by IJM Land Bhd in partnership with Perennial Holdings, the 152-acre freehold precinct represents a long-term vision to reimagine...

Kuala Lumpur’s Rental Hotspots: Where Yields Reach Up to 11.1% Kuala Lumpur’s property market is showing renewed strength, and one of the clearest signals comes from its rental performance. According to the latest market report by the National Property Information Centre (NAPIC), apartments and condominiums in the central region are now delivering yields from 1.5% up to 11.1%. For foreign buyers and...

S P Setia Partners ALP to Develop Next-Gen Smart Warehouses in Klang S P Setia Bhd is expanding its industrial property portfolio with a landmark partnership with Taiwan-based Ally Logistic Property Co Ltd (ALP). Together, the two developers will create a build-to-lease warehouse project in Setia Alaman Industrial Park, Klang, setting the stage for Malaysia’s next-generation logistics...

Penang’s Silicon Island Reaches Major Reclamation Milestone Penang’s Silicon Island, the state’s most ambitious land reclamation project to date, has passed the 80-hectare mark in reclamation works. This achievement signals strong progress for the 930.78-hectare project, which is being positioned as a cornerstone of Penang’s long-term growth strategy. Developed by the Penang government through...

Paramount Adjusts Sales Targets Amid Softer Property Market Malaysia’s property market continues to show signs of cooling, with Paramount Corp Bhd announcing a trimmed 2025 sales target and reduced project launches in response to moderating economic conditions. Despite near-term headwinds, the developer maintains a cautious but resilient outlook, with strong unbilled sales supporting its...

Est8 @ Seputeh by EUPE Achieves 99% Sales in Kuala Lumpur The Kuala Lumpur property market continues to prove its resilience, especially in the premium lifestyle segment. EUPE Corp Bhd’s Est8 @ Seputeh, a serviced residential development with a gross development value of RM658 million, has achieved a remarkable 99% sales rate, underscoring the strong demand for smart, sustainable living in the city. At...

MRCB Acquires EPF’s 80% Stake in Bukit Jalil Sentral: A New Chapter for KL’s RM21b Development Malaysian Resources Corp Bhd (MRCB) has announced it will acquire the Employees Provident Fund’s (EPF) 80% stake in Bukit Jalil Sentral Property Sdn Bhd (BJSP) for RM1.58 billion in cash, giving it full ownership of one of Kuala Lumpur’s largest upcoming mixed-use projects. The deal not only reshapes...