News

In the latest development involving the Malaysia My Second Home (MM2H), the government will “set the requirements” to divide the programme into three categories. Tourism, Arts and Culture (Motac) minister Datuk Seri Tiong King Sing said each of the three categories, Platinum, Gold, and Silver, will require a different amount of permanent applicants’ savings, The Star reported. "We will review the...

EcoFirst Consolidated Bhd's latest serviced apartment venture, KL48, nestled in Chan Sow Lin, Kuala Lumpur, offers exceptional value compared to other nearby projects that command around RM900 per sq ft. Datuk Tiong Kwing Hee, CEO of EcoFirst, stated that the company prides itself on competitively pricing its properties, keeping in view Bank Negara Malaysia's frequent revisions of the overnight policy...

PropNex Malaysia is thrilled to announce the highly anticipated launch of the PropNex Monopoly Championship, following the success of their own version of the renowned Monopoly board game introduced in Singapore under a licensing agreement with Hasbro. This championship in Malaysia features a specially designed Monopoly board adorned with iconic landmarks and street names that are familiar to...

The government will review the terms and conditions for the Malaysia My Second Home (MM2H) scheme following reports of a 90% drop in applicants because of strict the requirements. The Tourism, Arts and Culture Ministry (Motac) said the decision to review the strict conditions introduced in 2021 was reached following a meeting between its minister, Datuk Seri Tiong King Sing, and Home Ministry...

Unearth a haven of splendour in Malaysia's most prestigious neighbourhood, Mont Kiara, with the exquisite Pavilion Mont Kiara residences. Strategically located and exuding affluence, Pavilion Mont Kiara is a testament to the quintessential blend of luxury, comfort, and convenience. Immerse yourself in the lap of luxury at Pavilion Mont Kiara, a coveted freehold residential development redefining...

Discover the new pinnacle of luxury living at Quaver Simfoni Residence (Quaver Residence), a stunning development by Chin Hin Property in Sungai Besi. Offering premium duplex apartments and unbeatable connectivity, it's the epitome of contemporary urban lifestyle. Quaver Simfoni Residence strategically positions you in the heart of Sungai Besi, giving immediate access to the KL-Seremban...

Hong Leong Investment Bank (HLIB) Research said property developers with projects in Singapore could experience resilient local demand despite the new rate for the republic's Additional Buyers’ Stamp Duty (ABSD). The stamp duty, announced by Singapore's Ministry of National Development, is a property cooling measure to dampen investment demand and prioritise housing for locals meant for...

First-time house buyers will continue to enjoy a 100 per cent stamp duty exemption for purchases not exceeding RM500,000 via the Malaysian Home Ownership Initiative (i-Miliki) as provided for under Budget 2023, said the Finance Ministry (MoF). It said a 75 per cent stamp duty exemption will also be given for first-time home ownership for houses priced at between RM500,000 and RM1 million under the...

Welcome to an immersive exploration of Majestic Residence, a beacon of extraordinary living and a lucrative investment opportunity nestled in the dynamic district of Jalan Sultan Ismail, Kuala Lumpur. This distinctive residential project combines an awe-inspiring design ethos, practical elegance, and a convenience-rich environment, making it the go-to destination for both luxury living and smart...

Pavilion Real Estate Investment Trust (REIT)’s net property income rose 11.5% to RM104.8 million in the first quarter ended March 31, 2023 (1QFY2023) from RM93.99 million in the same quarter a year earlier, as it reported stronger revenue thanks to higher rental income due to increased occupancy, rent revenue, and advertising and marketing income at its retail malls. Revenue grew 16.23% to...