News

Sarawak Tourism Board Unveils ‘Gateway to Borneo’ Campaign at World Travel Market in London The Sarawak Tourism Board (STB) has launched its ambitious ‘Gateway to Borneo’ campaign at the World Travel Market (WTM) in London, inviting international travelers to experience Sarawak’s rich culture, pristine landscapes, and sustainable tourism offerings. Running from November 5 to 7, the campaign...

Malaysian Universities Shine in QS Asia University Rankings 2024 Malaysia's higher education sector has made impressive strides in the Quacquarelli-Symonds (QS) World University Rankings: Asia (QS-AUR) 2024, with Universiti Malaya (UM) leading as the nation’s top-ranked university. Out of the 40 Malaysian institutions featured, UM secures a place in the top 20, holding the 12th position this year,...

In Malaysia’s largest-ever budget allocation of RM421 billion, Budget 2025 has primarily favored the education and healthcare sectors, with comparatively fewer incentives directed toward the property sector. According to Henry Butcher Malaysia, the allocation offers key benefits for first-time home buyers and the B40 income group but leaves the M40 relatively underserved. While developers' pre-budget...

Bank Negara Malaysia Holds Overnight Policy Rate at 3% Amid Positive Economic Prospects Bank Negara Malaysia (BNM) announced today that it will maintain the overnight policy rate (OPR) at 3%, a decision aimed at sustaining economic momentum while balancing inflationary pressures. This rate aligns with the central bank’s current evaluation of economic growth and inflation outlook. “At the current OPR...

Mah Sing Group Acquires Prime Parcel on Old Klang Road for M Aurora Transit-Oriented Development Mah Sing Group Bhd (KL) has recently acquired a strategic 5.24-acre freehold parcel on Old Klang Road, Kuala Lumpur, from Team Keris Bhd for approximately RM113 million. This acquisition sets the stage for the development of M Aurora, a new transit-oriented development (TOD) expected to attract urban dwellers...

Recent articles have sparked debates around the roles of professional property managers versus building managers, highlighting misunderstandings about the distinctions between the two. While building managers handle operational tasks, they lack the comprehensive expertise required for strategic and long-term management of complex strata properties. Here’s why professionally-trained property managers...

Matrix Concepts’ Levia Residence in Cheras Reaches 70% Take-Up Rate Since Launch Matrix Concepts Holdings Bhd (KL) announced that its Levia Residence condominium in Cheras has achieved a 70% take-up rate since its official launch in January 2024. With a gross development value (GDV) of RM522 million, the development spans a 4.7-acre tract and comprises two 36-storey towers offering a total of 778...

Mah Sing Group Bhd has signed a second collaboration agreement with Bridge Data Centres (BDC), backed by Bain Capital, to further develop Mah Sing DC Hub at Southville City. The project, spanning approximately 36 acres, is set to add 200MW of power capacity, establishing the hub as a major player in Malaysia’s digital infrastructure landscape. This new agreement builds upon an initial deal signed in May...

The reinstatement of five stations on the LRT3 line in Shah Alam, Selangor, will now cost RM5.3 billion, exceeding the earlier estimate of RM4.7 billion, according to Deputy Transport Minister Hasbi Habibollah. This increase was disclosed during a Dewan Rakyat session, though specific cost breakdowns were not provided. The revived stations — Tropicana, Temasya, Raja Muda, Bukit Raja, and Bandar Botanik...

Should There Be a Limit on Investment Properties to Address Affordable Housing Shortage? A proposal to cap the number of properties individuals can purchase for investment has sparked debate in Malaysia. The National House Buyers Association (HBA) believes that while it makes sense to limit the number of affordable homes an individual can buy, extending this cap to all property categories could unfairly...