News

I-Bhd, a prominent property developer, has unveiled a strategic partnership with Wyndham Hotels & Resorts to manage the upscale property, Wyndham Suites KLCC, situated in the heart of Kuala Lumpur city center. Wyndham Suites KLCC, an existing luxury condominium property, holds a gross development value (GDV) of RM820 million. This collaboration marks a significant milestone for I-Bhd, as it enhances...

The Real Estate and Housing Developers’ Association (REHDA) Malaysia has expressed its hope that the Malaysian government will reintroduce or introduce housing incentives to enhance homeownership opportunities for Malaysians. In its wish list for Budget 2024, REHDA emphasized the ongoing issue of housing affordability for both the public and the industry. REHDA called on the government to incorporate...

In a thrilling competition at The Curve Damansara on the weekend of October 8th, the winner of the inaugural PropNex Monopoly Championship, Leonard Lai, walked away with a substantial prize of RM28,888 in real cash and a VanillaCrepe franchise valued at RM130,000. PropNex Malaysia, the real estate agency that organized the event, described the championship as a resounding success, providing an engaging...

Owning a rental property can be a lucrative investment, but finding reliable and responsible tenants is crucial to ensure long-term success. Five-star tenants are those who pay rent on time, take care of the property, and maintain a harmonious relationship with the landlord. While it’s true that investing heavily in your property can make it stand out, it's essential to balance your budget to ensure a...

When purchasing a home, most people rely on loans from banks to finance their dream. Just like shopping for a perfect pair of shoes, there are various mortgage options available in Malaysia. To help you choose the best fit, here's a list of basic mortgage plans and some essential information to consider. 1. Term/Conventional/Fixed-Rate Home Loan Best for: Those with a fixed monthly income who want...

Fitch Ratings has revised its revenue expectations for Genting Malaysia, operator of Resorts World Genting in Malaysia, casinos in New York, and Europe. The adjustment, which sees a 5% reduction on average for 2023 and 2024, is attributed to the slower-than-expected recovery observed in the first half of this year. Despite this revision, Fitch maintains Genting Malaysia's Long-Term Issuer Default Rating...

The number of centi-millionaires worldwide has reached a remarkable 28,420 individuals, more than doubling in the past two decades, according to the 2023 Centi-Millionaire Report released by Henley & Partners, a prominent wealth and investment migration advisory firm. This exclusive report draws on data from New World Wealth, a global wealth intelligence firm. It reveals that the centi-millionaire...

The Penang state government is optimistic that all projects earmarked for the state in the 12th Malaysia Plan (12MP) will proceed as planned under Budget 2024, set to be tabled on October 13. Chief Minister Chow Kon Yeow conveyed his expectation for the implementation of all the listed projects, emphasizing that there are no specific requests or special requirements from the state. Penang has secured...

Former Finance Minister Lim Guan Eng has proposed the establishment of a special financial zone in northern Penang, similar to the one in Forest City, Johor. Lim, who is also the Member of Parliament for Bagan, believes that Penang's mature manufacturing industry base can drive development and stimulate growth in the service sector, benefiting not only the northern region but the entire country. In a...

The Food Merchant, renowned for its unique gastronomy concepts, is set to open its sixth outlet with an innovative twist - The Food Merchant Prelude. This concept store, exclusively located at Pavilion Damansara Heights, is a testament to the brand's commitment to culinary excellence and premium grocery offerings. As an anchor tenant in Pavilion Damansara Heights, The Food Merchant Prelude introduces a...