“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…
Read MoreKUALA 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…
Read MoreKUALA 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…
Read MoreThe 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…
Read MoreKUALA 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…
Read MoreKUALA 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)…
Read MoreThe 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…
Read MoreKUALA LUMPUR (March 21): One of our favourite real estate outfits, PropNex Malaysia is showing off a number of landed homes for sale again via its latest open house this weekend (March 22 and 23). EdgeProp had featured a number of PropNex’s open houses over the last few months and home hunters have not been…
Read MoreThe Real Estate and Housing Developers’ Association Malaysia found that the majority of property developers reported an increase of between 3% and 6% in the overall cost of doing business in H2 2024. PETALING JAYA: The Real Estate and Housing Developers’ Association Malaysia (Rehda) has reported a 45% drop in property sales in the second…
Read MoreKUALA LUMPUR (March 19): Gagasan Nadi Cergas Bhd (GNCB) (KL:NADIBHD) said it has secured an en-bloc sale of 523 affordable housing units in the City of Elmina development in Shah Alam for RM134.41 million. The company’s 70%-owned subsidiary, Nadi Emery Sdn Bhd, accepted the offer letter from the Selangor Housing and Property Board (LPHS), which…
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