News

SAMA Square: Setapak’s First 24-Hour Lifestyle Hub Opens SkyWorld Development Bhd has officially opened SAMA Square, its first commercial project in Setapak, on November 30, 2024. Spanning 4.15 acres, the 24-hour lifestyle hub features 58,000 sq ft of retail space across 31 fully occupied lots and provides 449 parking bays for visitors. Diverse Dining and Retail Offerings SAMA Square brings together...

Tropicana Unveils Skypark Kepler by Banyan Group at Lido Waterfront Boulevard, Johor Tropicana Corp Bhd has introduced its first luxurious and branded residence, Skypark Kepler by Banyan Group, located within the 163-acre Lido Waterfront Boulevard in Johor. The project, developed on a 4-acre site, boasts a gross development value (GDV) of RM2.1 billion and reflects Tropicana’s commitment to creating...

Radium Development Acquires Prime Bandar Ampang Land for TOD Project Radium Development Bhd has made a strategic acquisition of a 2.56-acre leasehold parcel in Bandar Ampang, Selangor, for RM45 million through its wholly-owned subsidiary, Mayang Sepakat Sdn Bhd. This marks Radium’s first project outside Kuala Lumpur and reflects the company’s ambition to expand its footprint across key growth areas in...

Setia Awan Group Partners with BilaBila Mart for Astrum Ampang Development Setia Awan Group has signed a memorandum of understanding (MOU) with BilaBila Mart to integrate the convenience store chain into its Astrum Ampang development. This collaboration aims to provide residents with easy access to daily essentials, enhancing their quality of life, according to a statement on Friday, November 15. “This...

IJM Land’s Savvy Achieves High Qlassic Score and GreenRE Certification IJM Land Bhd’s Savvy, part of the Riana Dutamas master plan in Segambut, Kuala Lumpur, has been recognized for its exceptional construction quality with a Qlassic score of 85%. The project has also been completed ahead of schedule, with handover expected soon. Built on a 5.06-acre plot, Savvy boasts a gross development value (GDV)...

Binastra Corp Secures RM256.45 Million Data Centre Fit-Out Contract in Bukit Jalil Binastra Corp Bhd (KL) has secured a RM256.45 million contract for mechanical and electrical (M&E) fit-out works at a data centre along Jalan Jalil Perkasa, Bukit Jalil, Kuala Lumpur. This new job, awarded by Exsim Jalil Link Sdn Bhd, a subsidiary of the Exsim Group, marks another milestone for Binastra as it expands...

LBS Bina Group Bhd: Resilient Performance Despite Deferred Launches LBS Bina Group Bhd (KL:LBS), a leading property developer in Malaysia, has reported RM1.21 billion in property sales as of Nov 28, 2024. While its internal sales target of RM1.8 billion for the year is unlikely to be met due to deferred project launches, the group remains optimistic about its future performance, bolstered by a strong...

Eastern & Oriental Unveils RM60 Billion Masterplan for Andaman Island Eastern & Oriental Bhd (KL&O) has revealed its ambitious Andaman Island development project, with a gross development value (GDV) of RM60 billion. Spanning 307.56 hectares, the man-made island will feature a mix of luxury condominiums, shopping malls, office buildings, hotels, and community parks. During a press briefing on...

Johor Bahru-Singapore RTS Link: A New Era of Cross-Border Connectivity The Johor Bahru-Singapore Rapid Transit System (RTS) Link, a joint initiative by Malaysia and Singapore, is gearing up for its next phase as RTS Operations Pte Ltd (RTSO) prepares to begin rail systems installation by the end of 2024. This landmark project, aimed at revolutionizing cross-border travel, is on track to connect Bukit...

Airbnb Urges Fair Regulations for Malaysia’s Growing Short-Term Rental Accommodation Industry Malaysia’s short-term rental accommodation (STRA) industry needs fair and balanced regulations to sustain its growth while addressing concerns from traditional hotel operators, according to Airbnb. The platform’s Asia-Pacific public policy director, Mich Goh, emphasized the importance of regulatory clarity...