News by Jacqueline Lim

The Johor-Singapore Special Economic Zone (JS-SEZ) has just taken a major step forward with the government pledging to offer special incentives by the end of the year.

Prime Minister Anwar Ibrahim (pictured) today presented the Budget 2025 in the Dewan Rakyat. The budget, themed “MADANI Economy: Prosperous Nation, Well-being of the People”, is the largest in the country’s history, with a total allocation of RM421 billion, surpassing the previous year’s budget of RM393.8 billion.

Urban regeneration is high on the agenda this year as developers, town planners, architects and industry delegates reconvene at the 15th instalment of the World-Class Sustainable City Conference (WCSC 2024).

Buildings that are not upgraded to meet sustainability requirements are at risk of losing tenants, which is a major concern for building owners.

International players continue to enter the Malaysian industrial market, driven by the global supply chain diversification strategy known as China Plus One, according to JLL Malaysia’s 2Q2024 Greater Kuala Lumpur Property Market Monitor, which was launched on Wednesday.

Tropicana Corporation Bhd is set to capitalise on its 2,000-acre land bank after it unveiled its plans to develop two mega townships in Johor with a combined gross development value (GDV) exceeding RM30 billion.

The Malaysia Digital Economy Corporation (MDEC) is encouraging local companies to expand their horizons as investors are paying attention to fast-growing companies, citing the potential of the digital platform economy.

EdgeProp Malaysia highlighted that Kajang’s home prices have been outperforming the national average, with an increase of 8% since 2010 compared to the Malaysian Home Price Index’s 6% growth. 

EdgeProp recently recorded its congratulations to Tan Chin Tai, 46, for unlocking his homeownership goal as a START member. Tan purchased a unit at The Atera by Paramount Property in Petaling Jaya, a featured project in START, followed by another property at KL Wellness City Medical Suite at Bukit Jalil under a joint ownership with his wife.

In celebration of World Town Planning Day, which falls on Nov 8, the Malaysian Institute of Planners (MIP) is hosting its yearly National Planning Congress (NPC) 2023 in Putrajaya, alongside Putrajaya Corporation and PLANMalaysia.