News

Singaporeans' Demand for Johor Real Estate Surges Despite Ringgit Strengthening Singaporeans' interest in Johor's real estate market remains strong, undeterred by the recent strengthening of the ringgit. This sustained demand is fueled by several factors, including economic developments and infrastructural improvements, particularly the upcoming Johor Baru-Singapore Rapid Transit System (RTS)...

Engagement Sessions Continue for Draft Residential Tenancy Act (RTA) Bill with State Governments The Ministry of Housing and Local Government (KPKT) is actively pursuing engagement sessions with state governments to finalize the draft Bill on the proposed Residential Tenancy Act (RTA). These sessions aim to fine-tune the Bill, focusing on its implementation and administration, ensuring that the interests...

NCT Group Signs RM25 Million MOUs to Enhance NCT Smart Industrial Park in Sepang NCT Group, through its subsidiary NCT Smart Management Sdn Bhd, has signed five memoranda of understanding (MOUs) with different companies worth RM25 million to enhance its NCT Smart Industrial Park (NSIP) in Sepang. This announcement was made via a press statement released on Monday. Overview of NCT Smart Industrial Park...

The Ministry of Tourism, Arts and Culture (Motac) has announced an ambitious target to achieve one million tourist arrivals from India by the end of this year. This significant goal is part of Malaysia's ongoing efforts to strengthen its tourism industry and enhance bilateral relations with India, a key tourism market. The move comes on the heels of AirAsia's launch of new direct flights connecting...

Ipoh, the capital of Perak, is set to witness a significant transformation with the upcoming Sunway Ipoh Mall in Tambun. This new development, positioned to be the largest mall in the state, will span over one million square feet of net lettable area across four retail floors, offering a comprehensive and modern shopping experience. A Landmark Development for Perak Sunway Ipoh Mall, with an estimated...

Malaysia has demonstrated commendable economic resilience by achieving a gross domestic product (GDP) growth of 3.6% in 2023, according to the Department of Statistics Malaysia (DOSM). This achievement is particularly notable given the challenging global economic environment characterized by geopolitical tensions, rising living costs, and commodity price fluctuations. Services Sector Leading the...

Titijaya Land Unveils The Ria: New Serviced Apartment Development in KL Sentral Titijaya Land Bhd (KL) announced the launch of its latest serviced apartment development, The Ria, on July 27, 2024. According to a press statement released the following day, The Ria is a 63-storey residential tower located in KL Sentral, Kuala Lumpur. This development is part of the second phase of the...

Kuala Lumpur, Malaysia's vibrant capital city, is home to 1.8 million residents and is globally recognized for its impressive skyline, featuring iconic structures such as the Petronas Twin Towers and The Exchange 106. This bustling metropolis boasts a well-developed road network that offers excellent connectivity and travel convenience. With its affordable cost of living, Kuala Lumpur attracts expatriates...

Ecofirst Consolidated Bhd Reports Impressive Q4 Results Fueled by KL-48 Project Sales Property developer Ecofirst Consolidated Bhd (KL) has announced a remarkable increase in its net profit for the fourth quarter, largely attributed to the higher sales conversion rate for its KL-48 project in Chan Sow Lin, Kuala Lumpur. The net profit for the three months ending May 31, 2024 (4QFY2024), more than doubled...

Wyndham Hotels & Resorts, the world's largest hotel franchising company with approximately 9,200 hotels in more than 95 countries, has announced an exciting new addition to its portfolio: the Wyndham Semporna Resort. This prestigious partnership with Goldstone Holdings will bring a new level of luxury to the eastern coast of Sabah, Malaysia. Expected to open in 2026, the Wyndham Semporna Resort will...