News

Concerns about China's largest property developer, Country Garden Holdings, facing financial challenges have sparked discussions about the potential impact on its international ventures. However, industry insiders suggest that the negative effects of the debt crisis could be primarily driven by fear and perceptions. Addressing these concerns, Country Garden has emphasized that its five property projects...

Chin Hin Group Property Bhd (CHGP) has teamed up with AFFIN BANK to introduce the AFFIN Home Step Fast/i home financing solutions, offering flexibility and benefits to homebuyers. According to a media release by CHGP, AFFIN Home Step Fast/i allows homebuyers to enjoy the flexibility of low monthly repayments by only servicing the interest for the first five years of their homeownership. With this...

The traditionally robust real estate sector now faces fresh challenges brought about by high interest rates and evolving work patterns, according to Benjamin Tay, Rajah & Tann Singapore LLP's Deputy Head for Corporate Real Estate. To maintain stability and continual growth, investment companies are adopting different strategies. Tay indicates that in these times of market volatility and uncertainty,...

Apple's anticipation for the debut of its first official retail store in Malaysia has been brewing since 2021. The tech giant has begun hiring for various retail roles in Malaysia and has been making strides towards establishing a significant presence in the country. An intriguing structure at TRX (Tun Razak Exchange) raised interest earlier this year, hinting at Apple's impending store. According to...

If you're in your late 20s or early 30s and contemplating your first property purchase, it's vital to tread carefully to avoid costly missteps. To help you make an informed decision, here are five crucial factors to keep in mind: 1. Define Your Purpose Determine whether you're purchasing a property as a primary residence or as an investment. Consider whether you'll be living alone, with family, or if you...

Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz has stressed the need for more electric vehicle (EV) charging stations to further develop Malaysia's EV ecosystem. He mentioned that the installation of additional charging stations is a crucial aspect in this effort. According to the minister, Tesla's Superchargers will play a significant role in achieving the government's goal...

Construction activity is set to ramp up at Kuala Lumpur's RM5 billion Merdeka 118 complex on Jalan Hang Jebat in the upcoming year. PNB Merdeka Ventures Sdn Bhd, a subsidiary of Permodalan Nasional Bhd (PNB), is preparing to commence work on three new residential towers, with the tallest soaring to 65 storeys, according to Tengku Datuk Ab Aziz Tengku Mahmud, the company's CEO. However, concerns have...

A recent article highlighted Khazanah Research Institute's (KRI) call for the Malaysian government to consider a vacancy tax on unoccupied and unsold residential and commercial units. While similar taxes are practiced in cities like Vancouver and Melbourne, the proposal's suitability for Malaysia's property market is questioned by the National House Buyers Association (HBA). Unlike countries where vacancy...

Construction of the East Coast Rail Link (ECRL) project has reached a progress milestone of 48.77%, according to Malaysia Rail Link Sdn Bhd (MRL) Chairman Tan Sri Mohd Zuki Ali. The project is in line with its development from Kota Bharu in Kelantan to the Gombak Integrated Terminal in Selangor, aiming for completion in December 2026 and an operational launch in January 2027. Mohd Zuki Ali emphasized that...

ECA International's recent cost of living analysis places Kuala Lumpur as the 35th most expensive city in Asia and 175th on a global scale for expatriates. Other Malaysian cities, including George Town, Kota Kinabalu, and Johor Bahru, saw a slight drop in their rankings, securing 189th, 195th, and 198th positions, respectively. Lee Quane, ECA International's Asia Regional Director, attributes the drop in...