News

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...

The Johor state government has introduced several strategies to manage the anticipated increase in property values in Johor Bahru as a result of the Johor-Singapore Special Economic Zone (JS-SEZ). Johor Menteri Besar Datuk Onn Hafiz Ghazi highlighted that ensuring equitable benefits for all residents is a key challenge in the implementation of the JS-SEZ, particularly with the expected rise in real estate...

Johor is witnessing a surge in data centres, with over 50 centres currently in the application, construction, or operational stages, and even more expected in the near future. According to Samuel Tan, CEO of Olive Tree Property Consultants Sdn Bhd, this growth is set to continue, particularly with the launch of the Forest City Special Financial Zone (SFZ) and the Johor-Singapore Special Economic Zone...

Tropicana Gardens' Edelweiss Celebrates 100% Take-Up and Topping-Off Event Tropicana Gardens, a transit-oriented development (TOD) in Tropicana Indah, has reached a milestone with the 100% take-up of Edelweiss Serviced Residences and a topping-off ceremony for Edelweiss SOFO and Shoppes. This marks the success of the seventh phase of the project, developed by Tropicana Corp Bhd in collaboration with The...

In a significant move to enhance the accessibility of stock market investing, Bursa Malaysia Bhd, TNG Digital Sdn Bhd (TNG Digital), and Affin Hwang Investment Bank Bhd have jointly launched e-Trade, the first equities market trading feature integrated within the TNG eWallet platform. This innovation, part of the GOfinance investment hub in TNG eWallet, aims to democratize stock market participation,...