News by Priya Devan

Local Government Development Minister Nga Kor Ming announced on Friday that the ministry is looking to introduce incentives for the build-then-sell concept for local residential developments, as an effort to reduce Malaysia’s abandoned and sick projects.

Master Builders Association Malaysia (MBAM) and the Real Estate and Housing Developers' Association (Rehda) Malaysia have urged the government to address concerns caused by the construction materials supply chain disruption, in the aftermath of the recent lorry drivers’ strike, according to a joint statement by MBAM president Oliver HC Wee and Rehda Malaysia president Datuk NK Tong, issued on Wednesday (Oct 25).

Formerly Majestic Builders of the Majestic Group, Majestic Gen Sdn Bhd’s Majestic Residence in Jalan Dewan Sultan Sulaiman, Kuala Lumpur has been 85% taken up since its launch on Oct 21 and 22, according to a press statement on Wednesday.

Hilton Yokohama, located in Minato Mirai 21, Yokohama, Japan, officially opened its doors to guests on Tuesday, according to a press statement issued on the same day. The hotel, operated by Hilton, is developed and owned by Ken Corp Ltd.

Plenitude Bhd’s Hibiscus, comprising 199 double-storey homes in its 285.5-acre Impian Hills township in Ulu Tiram of Johor, has achieved a take-up rate of 50% since its preview in August.

King’s Park, a 150-acre (60.7-hectare) integrated mixed-use development in Genting Highlands, is set to open Asia’s largest Hard Rock hotel called Hard Rock Genting Highlands in 2027.

OSK Property and Employees Provident Fund (EPF) have officially launched the second phase of Melbourne Square called BLVD apartment on Thursday in Southbank of Melbourne, Australia.

“We are hopeful that Budget 2024 will bring about significant change, and positively influence the sentiment in the property market through the introduction of stimulus packages."

MRCB Land Sdn Bhd’s latest high-rise residential development, named Tujuh Residences in the ongoing 94-acre Kwasa Damansara City Centre (KDCC) project, is now open for preview, according to a press statement on last Friday (Sept 29).

UEM Sunrise Bhd, through its joint-venture subsidiary Mega Legacy (M) Sdn Bhd (MLMSB), and Melati Ehsan Group signed a Memorandum of Understanding (MOU) with Universiti Malaya’s (UM) Faculty of Science on Tuesday to assess the water quality and heavy metal content of the Kepong Metropolitan Park’s 140.85-acre lake.