Malaysia

The Malaysia-China Kuantan Industrial Park (MCKIP) has successfully attracted cumulative investments exceeding RM31 billion across 21 projects, with plans to create more than 14,000 employment opportunities, according to Deputy Minister of Investment, Trade, and Industry, Liew Chin Tong. Out of the total investment of RM31 billion, RM14.6 billion has already been realized. To meet the increasing demand,...

In the realm of economic development, collaboration and innovation often pave the path to progress. Singapore and Malaysia, two neighboring nations with a history of economic synergy, are now embarking on a journey to enhance their Special Economic Zone (SEZ) ecosystem. This collaborative endeavor aims to determine the future focus of the SEZ, bringing with it a promise of economic growth and prosperity...

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...

The rapid growth of digital infrastructure in Malaysia is making the nation an increasingly attractive hub for data centres and investment. This development is propelled by enhanced investments in components such as cable landing stations, additional underwater cables, 5G, and upgraded fibre connectivity. As per JLL's new Global Data Centre Outlook, leading sites in Malaysia currently include Selangor,...

The Malaysian government is taking significant steps to support first-time homebuyers with the Housing Credit Guarantee Scheme under Syarikat Jaminan Kredit Perumahan (SJKP). The scheme will provide government guarantees of up to RM5 billion to benefit a total of 20,000 first-time house buyers. This improvement to the scheme, offering financing guarantees of up to 120%, aims to provide more opportunities...

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...

PropNex Malaysia is thrilled to announce the highly anticipated launch of the PropNex Monopoly Championship, following the success of their own version of the renowned Monopoly board game introduced in Singapore under a licensing agreement with Hasbro. This championship in Malaysia features a specially designed Monopoly board adorned with iconic landmarks and street names that are familiar to...

First-time house buyers will continue to enjoy a 100 per cent stamp duty exemption for purchases not exceeding RM500,000 via the Malaysian Home Ownership Initiative (i-Miliki) as provided for under Budget 2023, said the Finance Ministry (MoF). It said a 75 per cent stamp duty exemption will also be given for first-time home ownership for houses priced at between RM500,000 and RM1 million under the...

Real Estate and Housing Developers’ Association (Rehda) Malaysia is encouraged that the “new Unity government is taking a pragmatic approach” to review the conditions for the Malaysia My Second Home MM2H scheme which had been made stricter in 2021. The previously set conditions have had damaging impact on the MM2H programme where Malaysia was not only losing to our neighbouring countries but also...

Affordable homeownership is one of the dreams or wishes expressed by youths during a Budget 2023 dialogue session held recently. Deputy Finance Minister I Datuk Seri Ahmad Maslan also said they had expressed their hope for more job opportunities to ensure a sustainable livelihood. “Last week, for example, the youths expressed their wish for more affordable housing, more job opportunities,...