News

KSK Land Sdn Bhd has terminated its contract with Grand Dynamic Builders Sdn Bhd (GDBSB), a wholly owned subsidiary of GDB Holdings Bhd, as the main contractor of mixed development 8 Conlay at Jalan Conlay, Kuala Lumpur. Following the termination, KSK Land has been in discussion with a new potential main contractor to replace GDBSB. Conlay Construction Sdn Bhd has formally submitted...

Inflation and a higher cost of doing business are likely to push property prices up by double-digit this year, Rehda president Datuk NK Tong (pictured) has cautioned. "On average it will be a double-digit (increase in property prices)," he said, but noted that in the past six months the anticipated price increase has not materialised. "I think this is also reflected in the moderation of (prices of)...

Accor, the region's largest hospitality group, is allying with Crowne Estate Malaysia to increase its presence in the country. Set to open in Q3 2028, Swissôtel Genting Highlands will bring the iconic Swissôtel Hotels & Resorts brand to Malaysia for the first time. The signing ceremony was attended by Sean Chen, Chief Operating Officer of Crowne Estate, Thanesh Jayandren, Executive...

For instance, you will enjoy capital appreciation as your property value increases with time, allowing you to earn profit down the road when you decide to sell it.You can also opt to put it up for short-term rental, which will enable you to pay off your loan, on top of earning some profit as well.In determining whether a property is worth investing, location often comes to mind, as it's what guests of...

MCT Bhd has acquired a 3.9-acre plot of freehold land in Taman Desa here for RM64.65 million to undertake a condominium project with an estimated gross development value of RM500 million. The acquisition of the freehold land from Sisi Tasik Sdn Bhd is the group's second land buy in Kuala Lumpur following the purchase of another parcel of land in Seputeh that was announced on Feb 20, the...

By now, foreigners interested in moving to Malaysia via the country’s visa programmes will most probably be a bit overwhelmed by the myriad “choices” available. There are currently three schemes going on, and one in the pipeline — having its policies approved “in principle”. The three ongoing programmes are the national Malaysia My Second Home (MM2H) scheme and the Premium...

The newly announced Sabah Malaysia My Second Home (SBH-MM2H) programme has generally been well received, but whether it would achieve its objective remains a question mark. “From the Sabah state government’s perspective, I think the programme makes all sense to them. The programme requirements are not difficult to achieve, but the only question is, how many of these potential foreigners are...

The Malaysian property market is expected to improve in 2023 as long as the fundamentals and government’s support through incentives are in check, according to the Malaysian Institute of Estate Agents (MIEA). Its Real Estate Market Sentiment Survey 2022/2023 shows that most respondents feel the market will improve in 2023, with a more promising outlook on the secondary market. The survey, which...

The proposed Subang Airport Regeneration Plan (SARP) prepared by Malaysia Airport Holdings Bhd (MAHB) has been approved by the Cabinet on Feb 2 after careful consideration, said Transport Minister Anthony Loke Siew Fook. He said it will focus on the development of the aerospace ecosystem, general aviation/business aviation and city airports (city airport/secondary airport). Loke said among the...

MRT Corp Sdn Bhd, the asset owner of the Klang Valley Mass Rapid Transit, is conducting a detailed and comprehensive study of the proposed MRT Circle Line (MRT3) alignment, including the suitability of a realignment. In several Twitter responses over the last three days, MRT Corp said the detailed and comprehensive study on the proposed alignment is being done for the purpose of minimising the social...