News by M

Bank of America has opened its new office at Merdeka 118 here, underlining the bank’s long-term commitment to Malaysia.

Land & General Bhd (L&G) (KL:L&G) has accelerated the completion timeline for The Wyn Residences in Bandar Puchong Jaya to June 2027, marking a 12-month advancement from the original June 2028 target.

International Workplace Group (IWG) is expanding its premium coworking presence in Malaysia with the launch of a new Spaces centre at Republik TTDI in Taman Tun Dr Ismail, Kuala Lumpur, amid rising demand for flexible workspaces.

The National Economic Action Council (MTEN) has urged local authorities and state governments nationwide to immediately reduce rental rates for premises and shops under their management.

The flood retention pond capacity in the capital is now estimated at only about 30% of its original size following the reduction of the Jinjang and Batu flood retention ponds due to development on 17 land lots.

The Penang Development Corp (PDC) will open a third round of bidding for the Batu Kawan Industrial Park 2 project (BKIP2) in Byram as its second request for proposal (RFP) failed to proceed.

A Penang state assemblyman has proposed a 3% property transfer premium on buyers who are not from the state, in a bid to cool speculative demand and channel funds into affordable housing schemes for locals.

The bourse regulator said the disclosure-related breaches involved a letter of award, failure to update the status of an article of agreement, and delayed disclosure of the project termination.

The Real Estate and Housing Developers' Association (Rehda) Malaysia has expressed support for the proposed introduction of an “Option to Purchase” (OTP) clause under the new Real Property Development Act, which is expected to replace the current Housing Development (Control and Licensing) Act 1966 (Act 118).

The Kuala Lumpur City Hall (DBKL) has successfully reduced flood and waterlogging hotspots across the city from more than 30 previously to only 14 through drainage upgrades and mitigation projects.