KUALA LUMPUR (Sept 11): At least five cities are targeted to be recognised as smart city early adopters by 2025 during the remaining 12th Malaysia Plan (12MP) period. According to the 12MP’s Mid-Term Review (MTR) released by the Ministry of Economy on Monday, measures would be undertaken to accelerate the recognition of smart cities, based…
Read MoreKUALA LUMPUR (Sept 11): An ongoing dispute initiated by Tan Sri Jamaludin Jarjis’ widow Puan Sri Dr Kalsom Ismail for the late minister’s RM2.1 billion estate will go to trial, after settlement talks initiated in November last year failed to materialise. Syariah High Court Judge Abdul Shukor Abd Hamid decided on Monday that the faraid…
Read MoreKUALA LUMPUR (Sept 11): The regulation to limit purchases to only one affordable house per eligible citizen will be enforced in an effort to ensure an adequate supply of affordable housing. According to the 12th Malaysia Plan’s (12MP) Mid-Term Review (MTR) released by the Ministry of Economy on Monday, a housing database will be developed…
Read MoreKUALA LUMPUR (Sept 7): Bank Negara Malaysia’s (BNM) decision to leave the overnight policy rate (OPR) unchanged has reassured the Malaysian real estate market to remain relatively affordable, said Juwai IQI, an international real estate technology group. In a statement today, Juwai IQI co-founder and group chief executive officer Kashif Ansari said that with the…
Read MoreKUALA LUMPUR (Sept 7): Most economists expect Bank Negara Malaysia (BNM) to maintain the overnight policy rate (OPR) at 3% till the end of 2024, noting that the central bank’s focus has now shifted to ensuring stable economic growth in the face of external risks such as the resumption of the US Federal Reserve’s interest…
Read More(From left) Ting, Ridha, Wong, Noraini, Chua, Wahid, Khong, Tan, Kong and Kamal at the MDA judging session. More focus on sustainability and digitalisation this year By Yanika Liew Built on the pillars of the International Real Estate Federation’s Malaysian chapter (FIABCI-Malaysia) and Star Media Group (SMG), the second Malaysia Developer Awards (MDA) was a…
Read MoreSurround yourself with the practical beauty of Japanese minimalism and Scandinavian simplicity at Stellar Damansara. What’s next for the enterprising rising star? In the contemporary age of development and living, the industry braces itself against a necessary evolution of housing and lifestyle needs. Whether in the form of a changing workspace or future-forward facilities and…
Read MoreKUALA LUMPUR (Sept 7): Fiamma Holdings Bhd said it has paid RM109.65 million for an alienation land approval to develop a 1.88-acre land along Jalan Yap Kwan Seng. The approval was granted by the Federal Territories director of Lands and Mines Office, the household goods trading outfit said in a filing. The leasehold land, which…
Read MoreKUALA LUMPUR (Sept 8): BMI, a Fitch Solutions company, has maintained that Bank Negara Malaysia (BNM) will keep the overnight policy rate on hold at 3% until end-2023 and begin cutting rates early in the first half of 2024 (1H2024), alongside other major central banks including the US Federal Reserve. In a note on Thursday,…
Read MoreKUALA LUMPUR (Sept 7): The Real Estate and Housing Developers’ Association (REHDA) Malaysia welcomes the proposal by Minister of Local Government Development (KPKT), Nga Kor Ming to introduce an Act to oversee urban regeneration efforts in the country, stating that “it is high time for such an Act to be introduced given the lack of…
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