News by M

Citaglobal Bhd’s property arm, Citaglobal Property Development Sdn Bhd, has launched D’Marina Bayu which is Phase 2B of Residensi D’Marina on Oct 11—marking Pahang’s first solar-ready residential development.

The aerotrain system at the Kuala Lumpur International Airport has reported 19 incidents since it resumed operations on July 1, according to the Transport Ministry.

The Madani government remains committed to building more Rumah Mesra Rakyat (RMR) units nationwide to help the underprivileged, particularly the B40 (Bottom 40% income) group, own their own homes, says Political Secretary to the Prime Minister, Chan Ming Kai.

Minister in the Prime Minister’s Department (Federal Territories) Datuk Seri Dr Zaliha Mustafa on Sunday launched the Federal Territories Building Repurposing and Adaptive Reuse Policy (RE_NEW) and the Kuala Lumpur Building Repurposing Guidelines.

The federal government has approved the implementation of the Waterfront Development Project Phase One, which is expected to give a major boost to Labuan’s duty-free economy, particularly in strengthening its tourism and services sectors.

Magma Group Bhd (KL:MAGMA) and KLCC Holdings Sdn Bhd are selling the 519-room Impiana KLCC hotel for RM315 million to Harum Aspirasi, mostly owned by the Valiram family, which runs a luxury retail group.

Budget 2026, which was tabled by Prime Minister Datuk Seri Anwar Ibrahim on Friday, Oct 10, drew a mixed but measured response from property consultants, noting its focus on regional growth and targeted stimulus.

The nearly RM200 million allocation will support better connectivity between cities and rural areas through new stage bus routes and increase capacity in key urban centres.

The Federal Government has tabled Budget 2026 worth RM419.2 billion, a RM2 billion decrease from last year’s allocation.

The Real Estate and Housing Developers’ Association (REHDA) Malaysia has lauded the continued provisions made in Budget 2026 for first-time homebuyers, such as the stamp duty exemption for memorandum of transfers and loan agreements for homes priced up to RM500,000 that has benefited many buyers, for two more years until December 2027.