News

Hektar REIT Acquires Strategic Land in Melaka, Strengthening Position in Education Sector In a move to further diversify its income-generating asset base, Hektar Real Estate Investment Trust (KL:HEKTAR) has announced the acquisition of two leasehold land parcels in Durian Tunggal, Melaka—totalling 41.8 acres—for RM40 million. The land will support long-term education operations tied to Kolej Yayasan...

NexG Buys Industrial Facility in Petaling Jaya for RM28.5M to Scale Up Tech Operations NexG Bhd (KL:NEXG), formerly known as Datasonic Group Bhd, is making a strategic leap forward with the acquisition of an industrial property in Petaling Jaya for RM28.5 million. The move is designed to streamline research, design, and production activities under one roof, enhancing cost efficiency, output, and quality...

Malaysia’s Short-Term Rental Sector to Get Nationwide Framework Malaysia’s short-term rental market—covering platforms like Airbnb and other Short-Term Residential Accommodation (STRA) services—is set for its first nationwide framework. Deputy Tourism, Arts and Culture Minister Khairul Firdaus Akbar Khan announced that draft STRA guidelines, developed by the Housing and Local Government Ministry...

LBS Brings Cameron Highlands’ Latest Lifestyle Development to Klang Valley LBS Bina Group Berhad has officially launched a satellite sales gallery in Petaling Jaya to showcase its Centrum Iris development in Cameron Highlands, making it easier for Klang Valley homebuyers to explore this unique highland lifestyle investment without the long drive. The gallery offers visitors scale models, layout...

Rethinking Urban Housing: Madani Framework Sets a New Benchmark in KL Property Development In the heart of Kuala Lumpur’s Bandar Sri Permaisuri, a new wave of development is challenging the conventional definition of affordable housing. The recently launched Residensi Aman Lumayan project highlights a broader national shift toward smarter, people-centric planning under the Madani framework—a vision...

RTS Link Marks Structural Completion of Bukit Chagar ICQC The Johor Bahru–Singapore Rapid Transit System (RTS) Link project has reached a significant milestone with the structural completion of the Immigration, Customs and Quarantine Complex (ICQC) at Bukit Chagar. This marks a key step toward the targeted start of operations in early 2027. The milestone was celebrated with a topping-out ceremony led...

Mah Sing’s RM260 Million KLCC Land Acquisition: A Premium Worth Paying? In a move that has caught the attention of property investors and analysts alike, Mah Sing Group Berhad has confirmed its RM260 million purchase of the Corus KLCC Hotel site along Jalan Ampang, Kuala Lumpur. While the acquisition price works out to RM4,019 per square foot (psf)—the higher end of KLCC’s decade-long transaction...

CAP Urges Vacancy Tax to Tackle Housing Speculation in Malaysia The Consumers Association of Penang (CAP) has thrown its support behind the implementation of a vacancy tax on residential properties that remain unsold or unrented for extended periods, highlighting the growing housing affordability crisis in Malaysia’s urban areas. CAP president Mohideen Abdul Kader emphasized that the proposed measure...

Armani Hallson KLCC – The Closest New Luxury Residence to KLCC In the heart of Kuala Lumpur, just 200 meters from the iconic Petronas Twin Towers, a new chapter in city luxury living begins. Armani Hallson KLCC, a premium residential masterpiece by Armani Group, is redefining what it means to live at the centre of Malaysia’s capital. With its permanent title, striking architectural design, and...

Setia Federal Hill in Bangsar Earns LEED ND Platinum Certification — A First for Malaysia Setia Federal Hill, a landmark township in Bangsar, has made history by becoming the first development in Malaysia to earn LEED for Neighbourhood Development (LEED ND) Platinum certification under the V4 framework—the highest sustainability rating awarded by the US Green Building Council (USGBC). This global...