The preference for owning expensive cars and maintaining a lifestyle beyond their means is preventing millennials from investing in homeownership.

Noteworthy:

• Freehold
• Built-up size: 7,797 sq ft
• Land size: 7,136 sq ft
• 7 bedrooms, 7 bathrooms
• Semi-furnished
• Nearby amenities: LRT Dato’ Keramat, LRT Damai, LRT Jelatek, MRT Ampang Park, Universiti Teknologi Malaysia, UniKL Business School, Jelatek Public City Park, Petronas Twin Towers KLCC, Suria KLCC, Pavilion KL, Bukit Bintang City Centre, The Exchange TRX, Royal Selangor Golf Club, Gleneagles Hospital KL, Prince Court Medical Centre
• Accessibility: AKLEH, MRR2, Jalan Tun Razak, Jalan Ampang, Jalan Jelatek

June 2024

In a decision that is expected to affect the land industry in the city and the government, the High Court on Tuesday has allowed the application by the liquidator of Semantan Estate (1952) Sdn Bhd for the 263.27-acre land in Mukim Batu — known as the “Duta enclave” that currently houses various government complexes and facilities — to be transferred back to the company.

Noteworthy:

• Leasehold
• Built-up size: 7,700 sq ft
• 4 rooms, 6 bathrooms
• Semi-furnished
• Nearby amenities: KTM Pantai Dalam (upcoming interchange station for MRT3), KTM Jalan Templer, KTM Kampung Dato Harun, LRT KL Gateway-Universiti, Assunta Hospital, Universiti Malaya Medical Centre, Universiti Malaya, schools, F&B outlets, commercial and industrial hubs
• Accessibility: Federal Highway, LDP (via Federal Highway), NPE, SPRINT-Kerinchi Link, Jalan Profesor Diraja Ungku Aziz, Jalan Gasing, Jalan Templer

When: February 2024

The plan is to develop another integrated circuit design park in Cyberjaya to accommodate more engineers in Selangor, said Yong. 

The guidelines would ensure data centres built in Malaysia meet the minimum sustainability requirements to achieve net-zero emissions by 2050.

In its research note, Maybank IB highlighted that sector fundamentals remain strong, driven by resilient property sales, particularly in the industrial property segment.

Anwar said this requirement is crucial for the approval of new housing developments, ensuring opportunities for low-income groups to become homeowners.

Bursa Malaysia Property Index, which tracks 97 stocks in the sector, settled down 9.74% to a nearly three-month low of 980.14 points, making it the biggest loser in the exchange on Monday.

Even if the United States (US) Federal Reserve cuts its interest rates as anticipated, Bank Negara Malaysia (BNM) is expected to hold the Overnight Policy Rate (OPR) at 3% by the end of 2025, amid a strengthening ringgit.