News

Putrajaya is currently hosting a trial run for its new Automated Rapid Transit (ART) trackless tram, which will continue until July 31. If successful, the tram service is expected to commence operations by the end of the year. This initiative is a collaboration between Putrajaya Corporation (PPj), the Transport Ministry, and the Malaysian Institute of Road Safety Research, aimed at enhancing the existing...

Kuala Lumpur continues to dominate Malaysia's real estate landscape as the most expensive market, with subsale homes reaching an average price of RM801,557 in the first quarter of 2024. This figure notably surpasses the average price of new homes, which stands at RM708,462. As investors and homebuyers navigate this dynamic market, understanding these trends is crucial for making informed...

The recent statements from Adnan Zaylani, the Deputy Governor of Bank Negara Malaysia, underscore a strategic decision by Malaysia's central bank to refrain from using interest rates as a mechanism to defend the Malaysian ringgit against currency fluctuations. Instead, the focus remains steadfast on economic growth and managing inflation, a stance that reflects a broader trend observed in several Asian...

Imagine a future where your dream of owning a home in the bustling city of Kuala Lumpur is not just a distant dream but an achievable reality. Thanks to a pivotal restructuring by the Employees Provident Fund (EPF), this vision is closer than ever for many Malaysians. The introduction of a new, flexible account structure is set to revolutionize how contributors can manage their finances, potentially easing...

Exploring the Wealth Dynamics of Malaysia's Richest Individuals Forbes' annual release of the top-50 wealthiest individuals in Malaysia has once again spotlighted familiar names, a testament to the enduring economic influence of these tycoons. However, not all expected names made the list this year, hinting at the complex nature of wealth declaration and global wealth standards. The richest Malaysian,...

Unveiling a New Era: Paramount's Strategic Acquisition of Eco World International As the real estate landscape in Malaysia continues to evolve, a groundbreaking move by Paramount Corp Bhd has captured the attention of industry insiders and property enthusiasts alike. In a strategic move that promises to reshape the dynamics of the market, Paramount has acquired a substantial 21.54% stake in Eco World...

Selangor has achieved a significant milestone in affordable housing by constructing 40,000 affordable homes since 2018, according to Selangor Menteri Besar Datuk Seri Amirudin Shari. He also revealed that an additional 5,000 houses are expected to be completed by the end of this year. Selangor's commitment to providing affordable housing has earned recognition from the Local Government Development...

Malton Berhad (Malton or Group) has unveiled its final tower (Block B) of River Park following the successful launch of its previous Tower A and Tower C blocks with more than 70% take-up rate. The GreenRE-certified River Park condominium in Bangsar South enjoys a host of conveniences within reach, from ready public transportation options to medical facilities, education institutions, retail hubs and...

Ibraco Bhd, a prominent Sarawak-based property developer, is making waves in Peninsular Malaysia with its second major high-rise serviced apartment project, Residensi NewUrban. Located in the bustling area of Petaling Jaya South, Selangor, this development is set to redefine affordable luxury living in the Klang Valley. Residensi NewUrban: Affordable Luxury Living in Petaling Jaya South Residensi...

PNB Merdeka Ventures Sdn Bhd's (PNBMV) landmark project, the Merdeka 118 tower, has reached a significant environmental milestone by receiving the Leadership in Energy and Environmental Design (LEED) Platinum certification. This prestigious award, governed by the US Green Building Council (USGBC), marks the tower as a frontrunner in sustainable building practices under the LEED v2009 Core and Shell rating...