KUALA LUMPUR (Nov 6): Sime Darby Property Bhd’s Hype Residences Phase 1 in its SJ7 mixed-use development in Subang Jaya was fully taken up within an hour of its official launch on Oct 28, according to a press statement on Monday. In the statement, Sime Darby Property chief marketing and sales officer Datuk Lai Shu…
Read MoreKUALA LUMPUR (Nov 6): The implementation of the multi-lane fast flow (MLFF) toll collection system on highways will utilise the automatic number-plate recognition and radio frequency identification (RFID) systems. Deputy Works Minister Datuk Seri Abdul Rahman Mohamad said this will eliminate the need for users to stop or reduce their speed for toll payments, ensuring…
Read MoreThe 4th National Physical Plan addresses the issue of placing residential areas at a considerable distance from job centres and city hubs. TODs provide so much more than just transportation By Yanika Liew As cities continue to expand alongside Malaysia’s rising population, states see an increase in urban property developments and infrastructure, resulting in increased…
Read MoreKUALA LUMPUR (Nov 3): The 20.7km Setiawangsa-Pantai Expressway (SPE) will be officially open in its entirety to motorists at 11.59pm on Friday. This comes as the previously unopened 16.3km stretch of Sections 1 to 3 — from Kerinchi to Setiawangsa — of the highway to be open. A 4.4km Section 4 — stretching from Setiawangsa…
Read MoreKUALA LUMPUR (Nov 3): The construction Residensi AVA at Kiara Bay reached the top earlier today, signified by the completion of its roof slab on the topmost floor. With an estimated gross development value (GDV) of RM664 million, Residensi AVA’s construction progress is at 75%, stated a media release by UEM Sunrise today. “Residensi AVA…
Read MoreKUALA LUMPUR (Nov 3): In a reaction to the latest move by Bank Negara Malaysia (BNM) to maintain its overnight policy rate (OPR) at 3%, the National House Buyers Association (HBA) is of the view that it will only be a problem for borrowers who are already struggling with their monthly loans. “The real danger…
Read MoreKUALA LUMPUR (Nov 3): While Bank Negara Malaysia’s (BNM) decision to keep the overnight policy rate (OPR) unchanged at 3% in its final monetary policy committee meeting for the year was well expected by economists following Malaysia’s positive economic growth, they, however, appear divided on the central bank’s stance going forward. TA Securities predicts that…
Read MoreKUALA LUMPUR (Nov 2): The Kuala Lumpur Local Plan 2040 (KLLP 2040), which will replace the Kuala Lumpur City Plan 2020 (KLCP 2020), will be on public display for a month in January 2024. Prime Minister Datuk Seri Anwar Ibrahim’s political secretary, Datuk Azman Abidin said that city folks and all interested parties are invited…
Read MoreKUALA LUMPUR (Nov 2): Atrium Real Estate Investment Trust’s (Atrium REIT) asset manager Atrium REIT Managers Sdn Bhd (ABSB) has acquired buildings and leasehold land in Shah Alam, Selangor from a related party, Amazing Blitz Sdn Bhd (ABSB), for RM41 million cash. In a filing with Bursa on Thursday, the REIT said the purchase consideration…
Read MoreAccording to PLANMalaysia, a tier-one TOD must have a location in major cities of either regional, national or global importance. While transit-oriented developments have increased in number, the progress towards efficient, tier-one TODs remain a slow march. By Yanika Liew While it has been nearly two decades since the government began encouraging transit-oriented developments (TODs),…
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