News

In an exciting move, Titijaya Land Bhd has announced its acquisition of Menara TM Semarak in Kuala Lumpur from Menara ABS Bhd, for a substantial sum of RM72 million. This acquisition is set to further strengthen Titijaya Land's foothold in the property development sector while presenting an opportunity to diversify its revenue streams. The purchase will be carried out by Titijaya Land's wholly-owned...

Genting Highlands, often dubbed the "City of Entertainment," is rapidly transforming into a sought-after real estate destination. Nestled amidst the Titiwangsa Mountains, this highland paradise offers more than just entertainment and leisure. Here are compelling reasons why investing in property in Genting Highlands is a smart move: 1. Thriving Tourism: Genting Highlands is a magnet for tourists. In 2022...

JL99 Group is gearing up to unveil its latest high-rise residential development, known as 99 Legend, in Kuala Lumpur this month. This project marks the second phase of the developer's expansive JL Legacity development, occupying 17 acres along Jalan Kuching. With a gross development value (GDV) exceeding RM700 million, 99 Legend will introduce a total of 1,214 condominium units, including five penthouses....

During an informal bilateral discussion with Singapore's Prime Minister, Lee Hsien Loong, Malaysia's Prime Minister, Datuk Seri Anwar Ibrahim, raised the topic of the Johor-Singapore Special Economic Zone. Anwar was in Singapore for a one-day working visit, which included his participation in an invitation from the Milken Institute to provide insights on how Malaysia can attract foreign investment. Prime...

The Employees Provident Fund (EPF) is set to yield a profit of RM46 million from the disposal of six retail properties located in Klang Valley and Johor. The properties being sold include the Giant Bandar Kinrara, Giant Putra Heights, Giant USJ, Giant Klang, Giant Ulu Klang buildings, along with the Giant Plentong building in Johor, amounting to a total valuation of RM520 million. Deputy Finance Minister...

Kerjaya Prospek Group Bhd continues to aim for a new contract win target of RM1.2 billion for 2023, having already secured RM533.4 million in new projects this year. Out of the RM533.4 million, RM135.4 million is allocated for the development of BBCC Development in Bukit Bintang, Kuala Lumpur, where Kerjaya Prospek plans to erect a 21-storey structure. The remaining RM398 million is designated for the...

Malaysia is setting its sights on designating at least five smart cities by 2025 as part of its ongoing efforts outlined in the Mid-Term Review (MTR) of the 12th Malaysia Plan (12MP). This strategic move aims to accelerate the transformation of urban areas into smart cities, focusing on enhanced service delivery and attracting more investments. The plan involves adhering to the Sustainable Cities and...

Tropicana Corporation Berhad possesses an extensive landbank totaling 2,091 acres, with a substantial gross development value (GDV) of approximately RM203.7 billion. The company's strategic position allows it to unlock the value of its prime land assets, setting the stage for sustained performance in the coming years. Remaining bullish about the real estate sector, Tropicana is confident that demand will...

Malaysia's Local Government Development (KPKT) Minister, Nga Kor Ming, conducted an official three-day visit to Singapore to enhance bilateral cooperation between the two neighboring countries. The visit aimed to strengthen the close ties between Malaysia and Singapore, recognizing the latter as an important neighbor and friend. Both countries aim to foster mutual cooperation for the benefit of their...

Eastern & Oriental Bhd (E&O) is gearing up to concentrate on their Andaman Island township development in Penang for this year, planning to launch two new projects with an estimated combined gross development value (GDV) of RM1 billion. These projects are set to launch within the financial year concluding on March 31, 2024. According to managing director Kok Tuck Cheong, the demand for the...