News

Forest City, the ambitious mega mixed development project spanning four reclaimed islands in Johor waters, is making steady progress despite the challenges posed by the global real estate market amid the Covid-19 pandemic. Covering a vast area of 2,832.79 ha (7,000 acres) over four islands near Tanjung Pelepas Port, the development is committed to sustainable growth in the region. In a statement, Forest...

Urban dwellers often yearn for nature-rich getaways, but what if you could wake up to the serenity of a rainforest-inspired environment every day right where you live? Alora Residences in 2Fifth Avenue, developed by Avaland Bhd, brings this vision to life with its unique concept of green vertical city living. Drawing inspiration from the tropical terrain, Alora Residences features five distinct layers of...

Malaysia continues to captivate Chinese investors, who seek high-quality, investment-grade assets like commercial real estate that provide stable, long-term revenue unlinked to China's economic cycle, according to Juwai IQI co-founder and CEO Kashif Ansari. Chinese investors find the strengthening economic ties between China and Malaysia particularly enticing, prompting an uptick in investment interest in...

Mass Rapid Transit Corp Sdn Bhd (MRT Corp) and Hong Kong's public transport operator and property developer MTR Corp Ltd have signed a memorandum of understanding to jointly develop a mixed development project adjacent to the Rapid Transit System (RTS) Link's Bukit Chagar station in Johor Bahru. The RTS Link is a cross-border rail link connecting Bukit Chagar to Woodlands in Singapore, scheduled to begin...

The Selangor state government, led by caretaker Menteri Besar Datuk Seri Amirudin Shari, has officially rejected the application for the Petaling Jaya Dispersal Link (PJD Link) project. The decision was announced on Monday (July 31) due to the administration's dissatisfaction with the proposed plans, particularly regarding the project's social impact on the residents of Petaling Jaya. Amirudin Shari...

Malaysia Rail Link Sdn Bhd (MRL) issued a statement on Saturday (July 29) clarifying that the process of land acquisition for the East Coast Rail Link (ECRL) project in Taman Sungai Sireh, Port Klang, will only begin after completing all legal procedures under the Land Acquisition Act 1960. The land acquisition process will prioritize fairness to all parties involved. "The ECRL project has been carefully...

NCT Alliance Bhd is fortifying its presence in Penang, launching its newest residential project, Ion Vivace Residences in Batu Kawan. This is a significant step in the company's expansion strategy. Ion Vivace Residences is poised to redefine contemporary living, embodying NCT Alliance's ambition to craft cutting-edge, superior quality properties. This freehold serviced apartment complex, stretching over...

King’s Park Development Sdn Bhd, formerly known as Highlands Park City Sdn Bhd, has officially unveiled its latest integrated mixed-use development, named King’s Park, in Genting Highlands. With a gross development value (GDV) of RM10 billion, King's Park offers residential, commercial, and entertainment components. The 150-acre King’s Park is situated next to Awana Genting Highlands Golf &...

The Real Estate and Housing Developers' Association (REHDA) Malaysia has expressed the opinion that i-Miliki exemptions should be extended to all Malaysian home purchasers, rather than just first-time homeowners. Datuk NK Tong, president of REHDA, stated that many homeowners who wish to upgrade or have received property as inheritance are unable to benefit from the i-Miliki exemptions. "The incentives...

Southeast Asia's premier health-centric township, KL Wellness City (KLWC), is poised to revitalize the healthcare industry. This RM11 billion project spans 26.49 acres, establishing a robust ecosystem devoted to promoting health and wellness. Encompassing a diverse array of facilities including the Nobel Healthcare Park, KL International Hospital (KLIH), innovation labs, R&D units, healthcare office...