News

JLL, a leading real estate services firm, has introduced JLL GPT, the industry's first purpose-built generative artificial intelligence (AI) model for the commercial real estate (CRE) sector. Developed by JLL Technologies (JLLT), the technology division of JLL, this bespoke AI model will empower JLL's global staff to deliver unparalleled CRE insights to clients. The model combines extensive in-house data...

A recent high-profile scandal involving 60 real estate agents suspected to be linked to the sale and rental of properties related to one of Singapore’s biggest money-laundering cases has no doubt rocked the island republic known for its clean governance. Ten suspects were arrested on Aug 15 in the Lion City over an anti-money laundering probe “that has been described by the prosecution as...

The retail market in Johor Bahru is poised for significant growth, driven by the upcoming Johor-Singapore Rapid Transit System (RTS) Link. The RTS Link is expected to transport approximately 10,000 passengers per hour in each direction, providing a substantial boost to the region's economy. Allan Soo RE Consultants principal, Allan Soo, shared these insights during the Johor Bahru Retail Market Conference...

The Bentong Municipal Council (MPB) has issued a stop-work order for the alleged construction of a toll gantry near Gohtong Jaya, a popular access point to Genting Highlands in Bentong, Malaysia. The order was issued because the developer did not submit any plans or seek approval from local authorities before beginning construction at the site. While it's understood that the gantry was intended for toll...

Merissa Serviced Suites, developed by Tropicana Cenang, is a prestigious offering of 60 prime seafront residences nestled along the pristine shores of the world-renowned Cenang Beach in Langkawi. This property marks a harmonic blend of exquisite island living and modern architectural elegance, providing a sublime retreat for those seeking a beachfront abode or a lucrative investment opportunity in...

Japanese household items supplier Daiso is set to make a significant investment of RM1 billion in the construction of its largest Global Distribution Centre (GDC) in Port Klang, Selangor. This substantial move comes as part of Daiso's commitment to expanding its logistics operations and product distribution network globally. The GDC in Port Klang will mark Daiso's second international hub, following the...

A significant change is on the horizon for those traveling to Genting Highlands, as toll charges will soon be imposed for vehicles heading up to the highland. A recent viral photo depicting the construction of a structure along the Batang Kali-Gohtong Jaya road raised speculation about the establishment of a toll plaza. Lingkaran Cekap Sdn Bhd, the company responsible for road management in the area, has...

In the bustling heart of Bukit Jalil lies a sanctuary called REN Residence, where the pulse of urban living harmonizes with serene residential comfort. Located just a short 3-minute drive from Pavilion Bukit Jalil, this residence is a gem for those seeking accessibility without compromising on tranquility. The proximity to the Alam Sutera LRT station, a leisurely stroll away, is a golden ticket to...

The 4% stamp duty imposed on foreign property buyers in Malaysia could potentially offset the positive impact of the relaxation of conditions for the Malaysia My Second Home (MM2H) program, according to Maybank Investment Bank. Maybank Investment Bank's research noted that while the eased MM2H conditions are expected to benefit the domestic property industry, the introduction of a flat 4% stamp duty on...

Deputy Prime Minister Datuk Seri Fadillah Yusof has reaffirmed the commitment of the Works Ministry to complete the Pan Borneo Highway project in Sabah and Sarawak while maintaining the agreed-upon quality standards and budget. He emphasized the significance of this project as a game changer for both states, providing economic growth, travel convenience, and safety. Fadillah anticipates that Phase 1 of...