Contributed by Datuk Chang Kim Loong Is the Ministry of Housing and Local Government (KPKT) capable of monitoring and taking on the challenge of the proposed Urban Renewal Act in the name of redevelopment? With the current number of abandoned housing schemes or problematic projects, have the authorities not failed in their gatekeeper role? Resolve…
Read MoreKUALA LUMPUR (June 18): Malaysia’s retail sales rebounded in the first quarter of this year (1Q2024), thanks mainly to the Chinese New Year festival and month-long school holiday, though growth may slow in the next three months, according to Retail Group Malaysia (RGM). Retail sales grew 7.8% in January-March 2024 when compared to the same…
Read MoreKUALA LUMPUR (June 18): Berjaya Corp Bhd (KL:BJCORP) said on Tuesday it has signed separate agreements with two Chinese firms to explore sales collaboration in Malaysia and Southeast Asia. Under the memorandum of cooperations, the company will explore using its distribution network in Malaysia to boost the reach of home appliance maker Skyworth Group Co…
Read MoreKUALA LUMPUR (June 18): A recently held forum on the proposed Urban Redevelopment Act (URA) turned intense when the lower rate of consent threshold was brought up. Although the conditions for the URA have not been finalised yet, Town and Country Planning Department (PLANMalaysia) director TPr Zamirzan Puji said that the new Act is to…
Read MoreBy Joseph Wong In the bustling heart of urban jungles, where concrete towers pierce the sky and traffic hums incessantly, pockets of green serenity offer a breath of fresh air. Parks, often considered the lungs of a city, provide more than just recreational spaces – they significantly impact the real estate industry. Parks transform neighbourhoods,…
Read MoreBy Joseph Wong Malaysia has long benefited from its strategic partnership with China, particularly in sectors where China excels such as construction and housing, artificial intelligence (AI), the auto industry, fintech and high-speed trains. However, the economic challenges faced by China over the last three years have raised questions about the sustainability of this relationship….
Read MoreKUALA LUMPUR (June 15): Kerjaya Prospek Property Bhd (KL:KPPROP), via its wholly owned subsidiary Kerjaya Property Sdn Bhd, has officially opened Bloomsvale Shopping Gallery on Jalan Puchong, Kuala Lumpur, in a door-opening ceremony on Saturday. “Bloomsvale Shopping Gallery is not just a retail space; it is the pinnacle of our commitment to innovation, quality, and…
Read MoreKUALA LUMPUR (June 14): Trive Property Group Bhd (KL:TRIVE) has proposed a bonus issue of warrants on the basis of two warrants for every five existing shares, to reward its shareholders and strengthen its financial position and capital base. As at May 31, 2024, Trive Property’s total issued share capital is RM196.04 million comprising 1.26…
Read MoreKUALA LUMPUR (June 17): The online ambassador initiative, introduced by the Ministry of Housing and Local Government (KPKT), does not involve additional costs, said its minister Nga Kor Ming. (pictured) He said the initiative, aimed at better promoting KPKT products and services, could otherwise cost hundreds of thousands of ringgit if using a key opinion…
Read MoreKUALA LUMPUR (June 15): The Tourism, Arts and Culture Ministry (MOTAC) yesterday officially revealed the latest conditions for the Malaysia My Second Home (MM2H) programme. Among them are that the ministry will not continue with the original agents while agents with expired licences must reapply according to the new regulations and conditions. It is also…
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