Hard Rock Genting Highlands hotel to open in King’s Park in 2027
King’s Park, a 150-acre (60.7-hectare) integrated mixed-use development in Genting Highlands, is set to open Asia’s largest Hard Rock hotel called Hard Rock Genting Highlands in 2027.
Selangor Dredging wins six awards at The EdgeProp Singapore Property Excellence Awards 2023
Selangor Dredging Bhd (SDB) took home six awards at The EdgeProp Singapore Property Excellence Awards (TEPEA) 2023 held on Friday (Oct 6) at Pan Pacific Orchard, Singapore.
Mah Sing’s M Minori and M Senyum see positive take-up over weekend launch
Mah Sing Group Bhd’s M Minori serviced apartment development in Johor Bahru saw all 252 non-Bumiputera units in its Tower A taken-up over the project’s weekend launch on Oct 14 and 15. In the same weekend, the developer launched Phase 3A of its M Senyum landed development in Bandar Salak Tinggi, Selangor, which saw 90% of 150 units taken-up.
Analysts maintain 'buy' on IGB REIT after 9M net income met expectations
Analysts maintained their "buy" calls on IGB Real Estate Investment Trust (REIT) after its quarterly net income came within expectations for the cumulative nine months ended Sept 30, 2023 (9MFY2023), translating into a 5.5% increase compared to a year ago.
Budget 2024: Easing MM2H rules, more infra projects to offset impact of 4% stamp duty on MOT to foreign property buyers, says MIDF Research
The relaxation of Malaysia My Second Home (MM2H) rules, more infrastructure projects and expansion of the Skim Jaminan Kredit Perumahan (SJKP) will offset the impact of a flat 4% stamp duty on memorandum of transfer (MOT) by non-citizens and foreign-owned companies in property transactions on the real estate sector, said MIDF Research.
Stamp duty on foreign buyers could “offset” MM2H rules relaxation
Putrajaya’s 4% stamp duty on foreign buyers could offset the positive impact of a relaxation of conditions for the Malaysia My Second Home (MM2H) participants.
IGB REIT's NPI up 10% while sister company IGB Commercial REIT's NPI jumps 22%
Higher rental income helped IGB Real Estate Investment Trust (IGB REIT) record a 9.99% increase in net property income (NPI) to RM111.29 million for the third quarter ended Sept 30, 2023 (3QFY2023), from RM101.19 million a year earlier.
Construction, consumer players stand to gain from Budget 2024, analysts say
Construction and consumer players stand to gain the most from the policies announced in Budget 2024 on Friday, say analysts.
Cancel state-owned land sale to Sunway’s Umech Land amid controversy, former Penang deputy chief minister Ramasamy tells PDC
The Penang government or Penang Development Corp (PDC) should cancel the land deal with Sunway Bhd’s 70%-owned subsidiary Umech Land Sdn Bhd, as more questions and queries are coming to the fore on the transaction, former Penang deputy chief minister II Professor Dr P Ramasamy Palanisamy said.
Budget 2024: Penang LRT and five previously-cancelled LRT3 stations get green light
A total of RM2.8 billion has been allocated for the maintenance of roads and bridges, including an allocation of RM300 million for contractors from G1 to G4 categories.
