News by M

Sri Petaling, developed in the 1980s as a residential township, has grown more vibrant in its commercial sector, particularly along Jalan Radin Bagus where property values and rental rates have increased in recent years. 

Think City, the subsidiary of Khazanah Nasional Bhd, has lauded Budget 2026’s focus on improving public housing, community facilities and local infrastructure, marking a meaningful shift toward people-centred development.

Imperio Group has signed a lease agreement with GCH Retail (Malaysia) Sdn Bhd to open a Cold Storage outlet at Tenz Emporium in Alor Setar, marking the supermarket chain’s first presence in Kedah.

GameOn Theme Park has partnered with CapitaLand Malaysia and Eco World Development Group Bhd (KL:ECOWLD) to open new family entertainment centres at the developers’ projects in the Klang Valley.

Citaglobal Bhd’s property arm, Citaglobal Property Development Sdn Bhd, has launched D’Marina Bayu which is Phase 2B of Residensi D’Marina on Oct 11—marking Pahang’s first solar-ready residential development.

The aerotrain system at the Kuala Lumpur International Airport has reported 19 incidents since it resumed operations on July 1, according to the Transport Ministry.

Magma Group Bhd (KL:MAGMA) and KLCC Holdings Sdn Bhd are selling the 519-room Impiana KLCC hotel for RM315 million to Harum Aspirasi, mostly owned by the Valiram family, which runs a luxury retail group.

Budget 2026, which was tabled by Prime Minister Datuk Seri Anwar Ibrahim on Friday, Oct 10, drew a mixed but measured response from property consultants, noting its focus on regional growth and targeted stimulus.

The nearly RM200 million allocation will support better connectivity between cities and rural areas through new stage bus routes and increase capacity in key urban centres.

The Federal Government has tabled Budget 2026 worth RM419.2 billion, a RM2 billion decrease from last year’s allocation.