Urbanisation is an essential part of modernisation with huge potentials and opportunities that draws more people to migrate to those areas.

Bank Negara Malaysia (BNM) has decided to maintain its overnight policy rate (OPR) at 3%.

Plenitude Bhd's new Impian Hills township development in Ulu Tiram, Johor, saw its first phase — Magnolia, comprising 142 units of freehold double-storey terraced houses — 98% taken up since its launch in December last year.

Property developer Mah Sing Group Bhd will be developing a mixed residential development named M Zenya in Kepong with a total estimated gross development value (GDV) of about RM500 million.

UEM Sunrise Bhd took five awards at the Asia Pacific Property Awards 2023-2024 (APPA) held in Bangkok last month.

Noteworthy:

• Freehold
• Built-up size: 2,400 sq ft
• Land size: 1,540 sq ft
• 5 bedrooms, 3 bathrooms
• Semi-furnished
• Nearby amenities: Convenience stores, F&B outlets, BMC Mall, Aeon Mall Cheras Selatan, MRT Bandar Tun Hussein Onn
• Accessibility: Federal highway, EKVE highway, SUKE highway, Cheras-Kajang expressway

When: February 2023

LBS Bina Group Bhd has partnered with a land owner to jointly undertake a RM1 billion gross development value (GDV) mixed development in Sungai Penchala, Kuala Lumpur.

S P Setia Bhd announced today of its disposal of freehold land measuring approximately 959.72 acres to Scientex Lestari Sdn Bhd for a cash consideration of RM547.65 million.

A new initiative by S P Setia Bhd dubbed Setia i-Home to include sustainable features in all its incoming landed homes was launched today.

SKS Group has signed a hotel management agreement with Marriott International to open a 345-room Sheraton Johor Bahru hotel in Johor Bahru, Johor, which is expected to open in 2025.