“Based on data from the National Property Information Centre, there was a significant increase in property management activities in the first half of 2024 compared to 2023."

Currently, the Strata Management Act 2013 requires full consent from all strata owners before redevelopment can proceed, a requirement Nga described as "unreasonable and against public interest", especially for areas that are no longer safe to live in.

He said strategic partnerships with the finance sector will be intensified to ensure better access to housing financing for Malaysians, especially youth.

While acknowledging the rationale behind safeguarding the retirement savings of foreign workers, the association said the proposal will have significant cost implications, especially for the construction sector.

The build and lease agreement was signed between the company’s wholly owned subsidiary, Projek Tetap Teguh Sdn Bhd and a multinational corporation semiconductor maker based in Penang.

For 1QFY2025, the REIT declared a distribution of 1.52 sen per unit, slightly lower than the 1.55 sen per unit declared a year ago.

Startled residents immediately took to social media, speculating on the source of the boom and vibrations, which occurred at 11.06am, and police said investigations are now underway.

The escalating frequency of floods in Malaysia has become a pressing concern for both residents and policymakers.

Shares of Malaysian construction companies slipped on Monday, as the government refrained from announcing new mega infrastructure projects in Budget 2025.

The government's desire to create a livable and humane People’s Housing Programme (PPR) can be achieved through home purchase tax incentives and provisions for maintenance and upgrading projects as announced under Budget 2025.