News

The rapid growth of digital infrastructure in Malaysia is making the nation an increasingly attractive hub for data centres and investment. This development is propelled by enhanced investments in components such as cable landing stations, additional underwater cables, 5G, and upgraded fibre connectivity. As per JLL's new Global Data Centre Outlook, leading sites in Malaysia currently include Selangor,...

Kuala Lumpur City Hall (DBKL) has taken a decisive step by issuing a circular that enforces a ban on room partitions (bedroom additions) in commercial-titled apartments with strata status under its jurisdiction in Kuala Lumpur. Effective since August 1, 2023, the circular is directed to the chairman of all Joint Management Bodies (JMB), Management Corporations (MC), and Sub Management Corporations (Sub-MC)...

The Malaysian government is taking significant steps to support first-time homebuyers with the Housing Credit Guarantee Scheme under Syarikat Jaminan Kredit Perumahan (SJKP). The scheme will provide government guarantees of up to RM5 billion to benefit a total of 20,000 first-time house buyers. This improvement to the scheme, offering financing guarantees of up to 120%, aims to provide more opportunities...

Tropicana Corp Bhd has achieved remarkable success in its property sales, surpassing its target and reaching RM650 million in the six months ending June 30, 2023 (1HFY2023). The property developer disclosed that property bookings have soared above RM1.3 billion, indicating a strong demand for its developments. In a filing with Bursa Malaysia, Tropicana Corp expressed its confidence in achieving a total...

Celebrating its seventh year in Malaysia, the Forest City project in Johor, once widely referred to as a "ghost town," marks an important step in the growth of sustainable and flourishing communities, according to Country Garden Pacificview Sdn Bhd (CGPV). CGPV, the master developer and real estate collaboration between Esplanade Danga 88 Sdn Bhd and Country Garden Holdings Co Ltd, is making steady...

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Foreign participants of the Sarawak-Malaysia My Second Home (S-MM2H) programme can now work in the state, as per the recent approval of the state cabinet's refinements on application procedures. The new regulations are set to take effect from Tuesday (Aug 1), providing foreign participants with the opportunity to work while residing in Sarawak. Sarawak's Tourism, Creative Industry, and Performing Arts...

Renovating a new condo is an exciting project that allows you to create your dream living space. Whether you want to personalize the design or enhance functionality, careful planning and consideration are essential for a successful renovation. To help you embark on this fulfilling journey, we have listed seven key considerations, along with some expert insights. Establish a Realistic Budget: Before...

Forest City, the ambitious mega mixed development project spanning four reclaimed islands in Johor waters, is making steady progress despite the challenges posed by the global real estate market amid the Covid-19 pandemic. Covering a vast area of 2,832.79 ha (7,000 acres) over four islands near Tanjung Pelepas Port, the development is committed to sustainable growth in the region. In a statement, Forest...

Urban dwellers often yearn for nature-rich getaways, but what if you could wake up to the serenity of a rainforest-inspired environment every day right where you live? Alora Residences in 2Fifth Avenue, developed by Avaland Bhd, brings this vision to life with its unique concept of green vertical city living. Drawing inspiration from the tropical terrain, Alora Residences features five distinct layers of...