News by Priya Devan

The new tenants include Victor Malaysia, Infinity by DeGem, Alha Alfa, HONOR, Famous Amos, Bask Bear Coffee & Toasties, Coffee Bean & Tea Leaf, Signature Kitchen, Baseball Cage and Aplus Go Babyland.

Eastern & Oriental Bhd (KL:E&O) has launched its latest luxury apartment development named The Lume on its 760-acre Andaman Island master plan development in Penang on Thursday, according to a press statement.

Greater Kuala Lumpur’s residential market experienced an upward trend in 2Q2024, recording higher average transacted prices than the pre-pandemic year in 2019.

Encorp, through its joint venture with the Felda, has handed over the first phase of the 46-acre Lamanda Chuping township in Perlis, comprising single-storey residential landed units, to homebuyers last Saturday (Aug 3).

NCT Group via its subsidiary NCT Smart Management Sdn Bhd has signed five memoranda of understanding (MOUs) with five different companies worth RM25 million to enhance its NCT Smart Industrial Park (NSIP) in Sepang.

The Real Estate and Housing Developers’ Association (Rehda) Malaysia welcomed the Federal Court’s ruling on the cases involving Prema Bonanza Sdn Bhd and Sri Damansara Sdn Bhd on Friday, which removed the uncertainties in the determination of the delivery period of properties

The Building Industry Presidents’ Council (BIPC) chaired by president Jeffrey Chiang Choong Luin has reinforced its objection towards the mandatory Human Resource Development Corp’s (HRD Corp) mandatory levy collection for the building industry, following the recent allegations of fund misappropriations.

IJM Land Bhd’s landed residential development — Nova, which is part of its 3,800-acre Seremban 2 township, has been 70% taken up since it was launched on June 29, according to a press statement on Thursday.

International property consultancy firm Knight Frank forecasts that Kuala Lumpur’s prime office rental and vacancy rates will remain unchanged and stable for the next 12 months.

"The global data centre industry is growing quickly this year because of demand from artificial intelligence, machine learning, e-commerce, and cloud computing. Malaysia is transforming from an also-ran to a top contender in data centres so quickly that they call Malaysia a data centre powerhouse."