The construction sector recorded a 20.2% surge in work done value to RM38.9 billion in the second quarter of 2024 (2Q2024), spearheaded by the buoyant performance of the civil engineering and residential buildings sub-sectors.

Prime Minister Datuk Seri Anwar Ibrahim on Friday said that there is a need for the government to relook from a legal point of view into the High Court's decision in favour of Semantan Estate Sdn Bhd in the dispute involving ​​106.5 hectares of land in Mukim Batu.

Buildings that are not upgraded to meet sustainability requirements are at risk of losing tenants, which is a major concern for building owners.

The preference for owning expensive cars and maintaining a lifestyle beyond their means is preventing millennials from investing in homeownership.

Noteworthy:

• Freehold
• Built-up size: 7,797 sq ft
• Land size: 7,136 sq ft
• 7 bedrooms, 7 bathrooms
• Semi-furnished
• Nearby amenities: LRT Dato’ Keramat, LRT Damai, LRT Jelatek, MRT Ampang Park, Universiti Teknologi Malaysia, UniKL Business School, Jelatek Public City Park, Petronas Twin Towers KLCC, Suria KLCC, Pavilion KL, Bukit Bintang City Centre, The Exchange TRX, Royal Selangor Golf Club, Gleneagles Hospital KL, Prince Court Medical Centre
• Accessibility: AKLEH, MRR2, Jalan Tun Razak, Jalan Ampang, Jalan Jelatek

June 2024

In a decision that is expected to affect the land industry in the city and the government, the High Court on Tuesday has allowed the application by the liquidator of Semantan Estate (1952) Sdn Bhd for the 263.27-acre land in Mukim Batu — known as the “Duta enclave” that currently houses various government complexes and facilities — to be transferred back to the company.

Noteworthy:

• Leasehold
• Built-up size: 7,700 sq ft
• 4 rooms, 6 bathrooms
• Semi-furnished
• Nearby amenities: KTM Pantai Dalam (upcoming interchange station for MRT3), KTM Jalan Templer, KTM Kampung Dato Harun, LRT KL Gateway-Universiti, Assunta Hospital, Universiti Malaya Medical Centre, Universiti Malaya, schools, F&B outlets, commercial and industrial hubs
• Accessibility: Federal Highway, LDP (via Federal Highway), NPE, SPRINT-Kerinchi Link, Jalan Profesor Diraja Ungku Aziz, Jalan Gasing, Jalan Templer

When: February 2024

The plan is to develop another integrated circuit design park in Cyberjaya to accommodate more engineers in Selangor, said Yong. 

The guidelines would ensure data centres built in Malaysia meet the minimum sustainability requirements to achieve net-zero emissions by 2050.

In its research note, Maybank IB highlighted that sector fundamentals remain strong, driven by resilient property sales, particularly in the industrial property segment.