Property News Archives

Property News

High Court records consent judgement between Synergy Promenade and Shahrir over defamation regarding KL Vertical City project

Mar 25, 2025

High Court records consent judgement between Synergy Promenade and Shahrir over defamation regarding KL Vertical City project Following this consent judgement, Synergy Promenade withdrew its action against Shahrir and Felda. KUALA LUMPUR (March 25): The High Court on Tuesday recorded a consent judgement between Synergy Promenade Sdn Bhd and former Federal Land Development Authority (Felda)…
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Zaliha: 48 abandoned premises, buildings identified in latest DBKL records

Mar 25, 2025

“It is also surprising that several neighbourhoods that are generally considered mature and stable and have consistent land demand such as Kampung Baru, Taman Tun Dr Ismail, Setapak, Cheras and Kampung Pandan also have abandoned buildings.” KUALA LUMPUR (March 25): A total of 48 abandoned premises and buildings had been identified in the federal capital…
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Wawasan Dengkil slips after flat open on ACE Market debut

Mar 25, 2025

“The expansion initiatives come at an opportune time, as the construction industry stands to benefit from government-led initiatives and spending, particularly in infrastructure development.” KUALA LUMPUR (March 25): Construction services firm Wawasan Dengkil Holdings Bhd (KL:DENGKIL) fell nearly immediately below its initial public offering (IPO) price in its ACE Market trading debut on Tuesday. Wawasan…
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AME REIT to acquire three industrial properties from AME Elite for RM100.8m

Mar 25, 2025

AME Elite plans to allocate the majority of the proceeds towards further development of i-TechValley, as well as other industrial property projects and investments. KUALA LUMPUR (March 25): AME Real Estate Investment Trust (KL:AMEREIT) has entered into a deal on Monday to acquire three industrial properties from its sponsor, AME Elite Consortium Bhd (KL:AME), for…
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MGB tops off Idaman Cahaya 2, completes structural phase within three months of Phase 1

Mar 24, 2025

KUALA LUMPUR (March 24): MGB Bhd (KL:MGB) has completed the structural phase of its Idaman Cahaya 2 project in U12 Shah Alam, marking the milestone with a roof-topping ceremony last Friday. The second phase of the Idaman Cahaya development, Idaman Cahaya 2 comprises 872 out of 1,853 residential units in the township. The event was…
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KL Wellness City reaches 50% completion

Mar 24, 2025

The Wellness Suites, a serviced apartment located within the 26.5-acre KL Wellness City, has achieved 85% of sales, said Vincent Tiew. KUALA LUMPUR (March 24): KL Wellness City has achieved 50% completion ahead of schedule. The key components of this development — The KL International Hospital (KLIH) and the Noble Health Care Park are set…
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Housing loan growth slowed in 2024, impairment ratio remained low, says BNM

Mar 24, 2025

KUALA LUMPUR (March 24): Housing loan growth in Malaysia slowed year-on-year (y-o-y) to 6.9% in 2024, with owner-occupiers making up the bulk of growth, according to Bank Negara Malaysia (BNM). Overall outstanding housing loans grew by 6.9% year-on-year (y-o-y) in 2024 as compared to 7.3% in 2023, according to the central bank’s Financial Stability Review…
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Malaysia’s February inflation slows as housing, utilities costs moderate, official data show

Mar 21, 2025

KUALA LUMPUR (March 21): Malaysia’s headline inflation slowed in February 2025 as food prices stabilised while housing and utilities costs moderated, according to official data released on Friday. The consumer price index — Malaysia’s main gauge of inflation — rose 1.5% year-on-year in February, the Department of Statistics Malaysia said in a statement. The pace…
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PropNex leader shares growth potential of Cheras’ mature neighbourhoods

Mar 21, 2025

KUALA LUMPUR (March 21): After more than half a century, Cheras remains a popular area for homebuyers. An expert believes house prices in its mature neighbourhoods will keep up their modest annual growth. Armed with over 10 years of experience in the property industry, PropNex Realty Sdn Bhd Cheras branch agency leader Steven Tay (pictured)…
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Nestlé Malaysia breaks ground for RM250m regional logistics hub in Port Klang

Mar 21, 2025

The facility is designed to function as a regional hub, facilitating product exports to over 60 countries and sourcing imported raw materials. KUALA LUMPUR (March 21): Nestlé (Malaysia) Bhd (KL:NESTLE) on Friday broke ground for a RM250 million integrated logistics hub in Port Klang. The facility is designed to function as a regional hub, facilitating…
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