News by Rachel Chew

Eastern & Oriental Bhd (E&O) is set to launch the second project on its 760-acre Andaman island master plan in Penang, following the success of the first residential launch — The Meg.

Tropicana Corp Bhd announced that its ongoing project Tropicana Miyu in Petaling Jaya, Selangor is fully sold. The condominium project was launched in September 2020 and slated for completion in August 2024.

Spanish hotel chain Meliá Hotels International is expanding its INNSiDE brand in Asia with the opening of two new INNSiDE hotels in Kuala Lumpur and Bangkok respectively.

Under the MOU, MBAM and CCIWC will work together to advise both members on reducing legal disputes by using mediation as a better alternative to resolve construction disputes.

Given the influx of new industrial property supply in the pipeline, JLL Property Services (Malaysia) Sdn Bhd foresees moderate market growth in 2023 while keeping its resilience as an asset class.

MCT announced that the group has successfully launched four projects in 2022.

The property consultant firm reckons that the residential property market is expected to face some headwinds and challenging conditions in 2023.

Malaysia Institute of Architects (PAM) president Sarly Adre Sarkum urges the public to approach registered professionals through their respective institutes prior to starting a renovation project to avoid being scammed.

UEM Sunrise Bhd conducted a topping out ceremony for Residensi Astrea Mont’Kiara on Tuesday (Nov 29). The high-rise luxury development is on schedule for completion at the end of 2023. First launched in October 2018, the 37-storey tower with 240 units sits on 2.4 acres of freehold land and has a gross development value (GDV) of RM323 million.

Hana Residences is slated for completion in the third quarter of 2025 and has a total gross development value of RM403 million.