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PROPERTY NEWS
Malaysia-Singapore ‘Shinkansen’ Possibility Excites World Rail Body

The possibility of Japan’s world-famous Shinkansen bullet train system making its debut in Malaysia and Singapore has created some excitement within the International High-Speed Rail Association (IHRA) with a senior official making a strong pitch for its adoption. IHRA Vice Chairman Torkel P...
GE 14: Developers, Consumers to Take ‘Wait and See’ Approach

With the potential interest rate hike of 25 basis points and political uncertainties serving as key deterrents to property demand, RHB Research Institute expects developers and consumers to take a “wait and see” stance, reported The Edge. Much like the last round of elections, buyers are e...
Hafele Smartlocks Arrive in Malaysia to Provide Customisable Security for Homes

Hafele, a German home appliance brand, has introduced a range of three smart locks to the Malaysian market. While not necessarily a new technology, the company has partnered with Singapore-based Igloohome to bring the locks into Malaysia; aiming them at high occupancy homes and Airbnb owners. ...
PAM Rolls Out 2018 Building Contract

Pertubuhan Akitek Malaysia (PAM) or the Malaysian Institute of Architects launched their new PAM Contract 2018 at PAM Centre in Bangsar, Kuala Lumpur on Wednesday, 11 April. The event was launched by the Construction Industry Development Board Malaysia (CIDB) Chief Executive Officer, Dato’ I...
'Preferred Locations': The Challenge for PR1MA

The recent announcement by Perbadanan PR1MA Malaysia (PR1MA) on the Transit Oriented Development (TOD) projects is laudable. It’s an indication that the agency is sensitive to the needs of the Middle 40 (M40) and lower income Bottom 40 (B40) groups. TOD is an integrated housing development c...
RM800mil for KLIA Aeropolis DFTZ

Malaysia Airports Holdings Bhd (MAHB) has allocated RM800 million of its capital expenditure to build infrastructure, facilities, system and equipment for the 32.42-hectare Kuala Lumpur International Airport (KLIA) Aeropolis Digital Free Trade Zone (DFTZ), which is slated to be fully operational ...
China's Leading Kitchen Cabinet Manufacturer Expands Its Footprint in Malaysia

Goldenhome Kitchen, China’s leading manufacturer of upscale kitchens on Tuesday, 10 April, announced its expansion plans during the launching of its largest show gallery in Klang Valley. Ammolite Furniture Sdn. Bhd. which holds sole distributorship over Goldenhome Kitchen aims to expand the Gol...
Japanese Hankyu Hanshin to Jointly Develop Nilai Project With Ireka

Ireka Corporation Berhad (“Ireka”) today announced that it had entered into agreements with Hankyu Hanshin Properties Corp (“Hankyu Hanshin”) to jointly develop the Rimbun Kasia project in Nilai. Hankyu Hanshin will take a 45% share in Meadowfield Sdn Bhd, a wholly-owned subsidiary of Ire...
Windfall to Spur Domestic Consumption

The windfall announced by Prime Minister Datuk Seri Najib Razak for 1.6 million civil servants and 800,000 pensioners will spur economic growth, economists said. MIDF Amanah Investment Bank Bhd chief economist Dr Kamaruddin Mohd Nor said it would boost domestic consumption in the near term. ...
Parliament Is Dissolved!

Parliament is dissolved, the prime minister has announced, paving the way for the 14th general election (GE14) on the back of major realignments in political alliances on both sides of the divide. “His Majesty (the Agong) has agreed to the dissolution of the Parliament from tomorrow, Saturda...
Construction Sector’s Contract Outlook Still Robust

High-beta construction stocks were among the least favoured in the first quarter of 2018 (1Q18), with the Kuala Lumpur Construction Index falling 9% year to date (YTD), weighed down by global stock market selldown. Share prices of contractors under our coverage took a hit, with a 16% decline from...
Toppen Shopping Centre Sets on Becoming the New Heart and Hub of the Johor Community

IKEA Southeast Asia is pleased to announce the development of Toppen Shopping Centre, an impressive 1.1 million square-feet shopping destination located in the heart of Tebrau, Johor. This shopping centre, which is seamlessly integrated with IKEA Tebrau, is expected to open its doors to the surro...
The Launch of KLAF2018 Merdeka Interviews Book

Pertubuhan Akitek Malaysia (PAM), or the Malaysian Institute of Architects, launched the Kuala Lumpur Architecture Festival 2018 (KLAF2018) Merdeka Interviews Book at the Kuala Lumpur Tourism Bureau, Jalan Tangsi on Monday, 2 April. The event was launched by KLAF2018 Royal Patron YAM Tengku Za...
WCT Buys 60% in Subang Skypark for RM44.56mil

WCT Holdings Bhd is buying a 60% stake in Subang Skypark Sdn Bhd for RM44.56mil cash. Subang Skypark is involved in the development of commercial retail area at the Sultan Abdul Aziz Shah Airport in Subang, known as Subang Skypark Terminal 3. “The rationale for the acquisition is to enabl...
China Investment in Malaysia May Double by 2025

China investment in Malaysia’s residential real estate could double by 2025, driven by the investment market and education, according to Juwai.Com. “It is not unrealistic... the Credit Suisse Global Wealth 2016 report shows that there are now 1.6 million US dollar millionaires in mainland ...
PM Launches Programme to Reduce Grocery Bills

Prime Minister Datuk Seri Najib Tun Razak on Saturday launched the national level Reducing Grocery Bills (Jimat Belanja Dapur) programme implemented by the Federal Agricultural Marketing Authority (Fama). He said the programme, which was similar to the People's Sales (Jualan Sentuhan Rakyat) p...
Housing Loans Dominate Malaysia’s Household Debt

Housing loans account for 52 percent of the country’s total household debt, reported The Edge, citing a study by Bank Negara Malaysia (BNM) that was published on Wednesday (28 March). According to the central bank’s Financial Stability and Payment Systems Report, the lion’s share of hous...
Government Looking at Providing Construction Sector Perks

The government is looking at providing incentives to the construction industry to encourage players to migrate to sustainable construction methods and processes such as the industrialised building system (IBS), mechanisation and building information modelling (BIM). Works Minister, Datuk Seri ...
PR1MA Launches Rewards Programme Offering Privileges, Discounts to Homeowners and Registrants

All Perbadanan PR1MA Malaysia (PR1MA) homeowners and registrants are entitled to exclusive privileges and discounts from a wide range of participating merchants through the newly launched PR1MA HAVEN, a rewards and recognition programme. In a statement, PR1MA chief executive officer Datuk Abdu...
Plane in the City Dining Experience to Attract Locals

Taking a flight does not have to mean cramming into a tight space and eating a pre-packed meal. That’s the promise by Plane In The City, the same people who promote Dinner in the Sky Malaysia last year. Plane In the City will be introduced in Kuala Lumpur next month. It is a 90-minute experi...
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