News by Chin Wai Lun

The ongoing review of the Strata Management Act (SMA) 2013 is considering replacing the existing share-unit system used to determine maintenance charges and voting rights, as the government looks to address growing complexities in strata management.

Beverly Group plans to develop a RM1.1 billion luxury serviced apartment project on a freehold site within the Tun Razak Exchange (TRX), marking its expansion into Kuala Lumpur’s high-end urban residential market.

Rehda Institute has launched the second edition of its Property Development Handbook, an updated industry reference incorporating the latest regulatory, sustainability and digitalisation developments to help developers, consultants, regulators and academics navigate Malaysia's increasingly complex property development landscape. Rehda Institute is the research and training arm of the Real Estate and Housing Developers' Association (Rehda) Malaysia.

Gamuda Land has signed a memorandum of understanding (MOU) with UCSI University to establish a new campus at its Gamuda Gardens township development located at Rawang, Selangor.

It is aimed at supporting businesses investing in sustainable industrial and commercial properties.

The project represents a joint venture with Wawasan Group and marks Mitraland’s third industrial development, following Lake 6 Entrepreneurs’ Park (Series I) in Puchong and Air Hitam Entrepreneurs’ Park (Series II) in Klang.

Malaysia is not immune to rising housing affordability pressures despite its relatively high homeownership rate, Housing and Local Government Minister Nga Kor Ming said, as the government shifts towards more targeted and data-driven housing reforms.

Exsim Hospitality Bhd (KL:EXSIMHB) announced the partnership with developer Majestic Gen to introduce professionally-managed accommodation in selected developments nationwide, with a potential pipeline of over 3,000 keys over the next four years.

Rahim & Co International Property Consultants Sdn Bhd has entered into a strategic affiliation with UK-based global real estate consultancy Chestertons Global, as both firms look to strengthen their cross-border advisory capabilities.

Berjaya Land Bhd (KL:BJLAND) has officially launched its RM398 million Bayu Timur Residences, a freehold condominium development sited on an 8.5-acre plot in Berjaya Park in Kota Kemuning, Shah Alam on Thursday.