If there’s one thing most Malaysians can agree on, it’s that we love pets. According to a Consumer Report conducted in 2023 by Standard Insights, 51.1% of Malaysians own pets and out of this percentage, 26.4% own multiple pets.

The Madani Government has made several press statements and announcements during the past year and more recurrently in recent months regarding its intention to introduce a new law aimed at facilitating the urban renewal, redevelopment, rejuvenation and regeneration of certain identified private properties in the urban areas, namely Kuala Lumpur, Johor Bahru and Penang.

Noteworthy:

• Freehold
• Built-up size: 1,485
• Fully furnished
• 3 bedrooms, 2 bathrooms
• Nearby amenities: TERKL, KLCC Park, Petronas Twin Towers, Dataran Merdeka, LRT Masjid Jamek, Hang Tuah Monorail, Raja Chulan Monorail, Imbi Monorail, MRT Merdeka, LaLaport Bukit Bintang City Centre, Berjaya Times Square, Petaling Street, The Exchange TRX
• Accessibility: Jalan Pudu, Jalan Raja Chulan, Jalan Sultan Ismail, Jalan Imbi, Jalan Tun Razak, Federal Route 1, AKLEH, MRR2

When: January 2024

The Malaysian property market was active in the first quarter of 2024 (1Q2024), recording a 34.3% growth compared to the first quarter a year ago with more than 104,297 transactions worth RM56.53 billion, a 34.3% jump in transaction value.

Noteworthy:

• Freehold
• Built-up size: 5,000 sq ft
• Land size: 24,400 sq ft
• Semi-furnished
• 7 bedrooms, 6 bathrooms
• Nearby amenities: DC Mall, Pavilion Damansara Heights, MRT Pusat Bandar Damansara, MRT Semantan, The Five @ KPD, Help University, F&B outlets, kindergartens, Bukit Damansara Primary School, Cempaka International School
• Accessibility: Sprint-Damansara and Kerinchi Link, LDP, Jalan Damanlela, Jalan Semantan, Jalan Tuanku Abdul Halim

When: March 2024

The first two towers of TRX Residences, the residential component of The Exchange TRX precinct jointly developed by Lendlease and TRX City Sdn Bhd, were completed and obtained their Strata Title ahead of CCC (Certificate of Completion and Compliance). 

This projection is backed by the strong participation expected at the BuildXpo exhibition and targeted international business matching sessions, which will attract approximately 25 buyers from at least 10 diverse markets, including China, Thailand, Indonesia, Singapore, Russia, Zambia, Zimbabwe, Korea, Japan, and India.

“[We are considering this Act] to govern the protection of the interest of purchasers, developers and landowners. [This] not only will apply to residential properties, [but also] to commercial properties."

Another tree has fallen on Jalan Pinang here, this time near Menara Prestige.

The Johor state government is considering implementing policies to curb the property price speculation associated with the establishment of the Johor-Singapore Special Economic Zone (JS-SEZ).