News by RACHEL CHEW

With the appointment as the new manager of Amanah Hartanah Bumiputera (AHB) fund effective Monday, PHB Asset Management Bhd (PHBAM) announced that it will scale the AHB fund from RM5 billion to RM20 billion by 2030.

In line with its ongoing commitment to promote responsible short-term rental activities in Malaysia, Airbnb on Thursday unveiled its Guide to Responsible Hosting in Buildings for short-term rental accommodations (STRA) in strata buildings.

UEM Sunrise Bhd (KL:UEMS) topped out KAIA Heights Phase 1 in Taman Equine, Seri Kembangan, Selangor, on Wednesday. The project is slated for completion in the third quarter of 2025.

IOI Properties Group broke ground on Thursday for Senna Puteri, its latest township development located in Sepang, Selangor. The developer is looking to launch 386 units of townhouses in its first phase before the end of the second quarter.

Sunway Property, the property arm of Sunway Bhd, is set to preview the first phase of Sunway Velocity 3 in Cheras, Kuala Lumpur on Saturday (May 4) in its recently opened sales gallery.

Paragon Globe Bhd broke ground for the Pekan Sentral Phase 3 and Pekan Nenas Industrial Park Phase 5 in Pekan Nenas, Johor on April 19. The final phases have a combined gross development value of RM92 million and slated for completion by 2026.

Former Fiabci Malaysia president Tengku Datuk Ab Aziz Tengku Mahmud has been elected president of the World Council of Developers/Investors in Fiabci International for a term of three years, starting June 2024 to May 2027.

Berjaya Land Bhd on Monday announced the commencement of construction for its second hotel development in Okinawa, Japan — Four Seasons Resort & Private Residences Okinawa (Four Seasons Okinawa).

Co-labs Coworking is eyeing to double its total space under management to 300,000 sq ft across Malaysia in the next two years, its director Benjamin Teo told the press at the official launch of the seventh Co-labs Coworking space at The Five in Damansara Heights, Kuala Lumpur, on Wednesday.

Malaysia’s residential property market improved in the first nine months of 2023, with both transaction volume and value registering a year-on-year growth of 1.3% and 3.5% respectively, according to Knight Frank Malaysia.