MIPPEA 2024: S P Setia, Sime Darby, Sunway amongst main winners
A few prime developers won notable and multiple awards at the Malaysian Institute of Planners (MIP) Planning Excellence Awards (MIPPEA) for 2024 held recently.
Editor's Pick
Klang Valley property prices up 3.2% in 2024: Upscale neighbourhoods in Batu district lead the way
The Klang Valley property market experienced an upward trend in 2024, with prices appreciating by more than 3% year-on-year (y-o-y). Batu district, home to prestigious neighbourhoods like Mont’Kiara and Desa Park City, emerged as a top performer, with serviced apartments witnessing an impressive price surge of almost 20%.
JS-SEZ positively impacts property sales in Johor — exco
The establishment of the Johor-Singapore Special Economic Zone (JS-SEZ) has helped boost property sales in Johor, said State Housing and Local Government Committee chairman Datuk Mohd Jafni Md Shukor.
Property transactions hit RM217.46 bil in 2024, far exceeding initial target, says Nga
Malaysia’s real estate transactions value hit RM217.46 billion in 2024, far exceeding the initial target of RM100 billion set at the beginning of the year, said Minister of Housing and Local Government, Nga Kor Ming.
CCTV expansion in Seberang Perai, mainland to maintain Penang's safest city status
The Penang government will expand CCTV coverage across Seberang Perai to boost security and uphold the state’s status as Malaysia’s safest city.
DONE DEAL: Condo unit, Verticas Residensi, Bukit Bintang, Kuala Lumpur
Noteworthy:
- Freehold
- Built-up size: 1,800 sq ft
- Floor level: Mid
- 3 bedrooms, 2 bathrooms
- Fully furnished
- Nearby amenities: TERKL, KLCC Park, Perdana Botanical Gardens, Pavilion KL, Tung Shin Hospital, Raja Chulan monorail station, MRT Bukit Bintang, Central Market, schools
- Accessibility: Jalan Raja Chulan, Jalan Pudu, Jalan Imbi, Jalan Sultan Ismail, MEX, Sungai Besi Expressway, AKLEH, Jalan Ampang, Jalan Tun Razak
When: August 2024
DONE DEAL: Residential land, Damansara Heights, Kuala Lumpur
Noteworthy:
- Freehold
- Land size: 9,387 sq ft
- Nearby amenities: MRT Semantan, MRT Pusat Bandar Damansara, Pavilion Damansara Heights, DC Mall, The Five @ KPD, Plaza Damansara, schools, HELP University, National Science Museum, KLGCC
- Accessibility: SPRINT - Damansara Link and Kerinchi Link, Jalan Tuanku Abdul Halim, Jalan Semantan, LDP, Jalan Damanlela
When: December 2024
Rushing into urban redevelopment without establishing regulatory framework could leave homeowners homeless
The concept of redevelopment where homeowners exchange their present property titles for another future home unit or monetary compensation is not new in Malaysia.
Scientex on track to deliver 50,000 affordable homes
Scientex Bhd has made significant progress towards its goal of delivering 50,000 affordable housing units by 2027.
Cartel behind illegal land transfers could extend beyond Klang district and land office — Selangor MB
The Selangor government has pledged to tighten its land management procedures to close any potential loophole for manipulation after cases involving illegal land ownership transfers were uncovered at the Klang District and Land Office (PTD).
