Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi will submit a proposal to the government seeking an exemption for homestay and kampung stay operators from the upcoming electricity tariff hike, aiming to further boost the sector.

Noteworthy:

• Freehold
• Built-up size: 8,000 sq ft
• Land size: 20,000 sq ft
• 8 bedrooms, 7 bathrooms
• Semi-furnished
• Nearby amenities: Gleneagles Hospital Johor, LEGOLAND Malaysia, University of Reading Malaysia, Sunway Big Box Retail Park, Puteri Harbour International Ferry Terminal
• Accessibility: Lebuhraya Nusajaya, Malaysia-Singapore Second Link, Lebuh Kota Iskandar, Persiaran Medini 2

When: September 2024

A few prime developers won notable and multiple awards at the Malaysian Institute of Planners (MIP) Planning Excellence Awards (MIPPEA) for 2024 held recently.

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%.

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.

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.

The Penang government will expand CCTV coverage across Seberang Perai to boost security and uphold the state’s status as Malaysia’s safest city.

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

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

The concept of redevelopment where homeowners exchange their present property titles for another future home unit or monetary compensation is not new in Malaysia.