Think City is leading the urban revitalisation of downtown Kuala Lumpur (KL) with the Kuala Lumpur Creative & Cultural District Strategic Masterplan (KLCCD).

The proposed Residential Tenancy Act is deemed unnecessary as the current system is operating well, according to PEPS president Subramaniam Arumugam, in his opening address at the 16th Malaysian Property Summit 2024 organised by the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) in Johor on Thursday (Jan 18).

Malaysia’s first Bandar PR1MA  township, which is being built near the construction site of the Teluk Intan Universiti Pendidikan Sultan Idris (UPSI) campus, is set to be launched this year.

The financial stretch continues to keep Malaysians living in major cities from realising their dreams of homeownership.

Property developer Magna Prima Bhd is teaming up with Golden Rainbow View Sdn Bhd to jointly develop a mixed development with an estimated gross development value (GDV) of RM1.2 billion, on a 113,963 sq ft site previously occupied by the Lai Meng school here, which fronts the north-western side of Jalan Ampang.

Noteworthy:

• Land size: 3,600 sq ft
• Built-up size: 4,800 sq ft
• Freehold
• Fully furnished
• 6 bedrooms, 6 bathrooms
• Nearby amenities: Taman Mutiara MRT station, F&B outlets, shopping malls, schools, Ketumbar Hill park
• Accessibility: Cheras-Kajang Expressway (CKE), Cheras Highway, MRR2

When: June 2023

Noteworthy:

• Land size: 1,650 sq ft
• Built-up size: 1,800 sq ft
• Freehold
• Semi-furnished
• 4 bedrooms, 3 bathrooms
• Nearby amenities: F&B outlets, schools, local park, shopping malls
• Accessibility: North-South Expressway (ELITE), KESAS, NKVE

When: August 2023

Tan said there are a lot of initiatives and some good signs such as the revival of abandoned projects from the last two to three years.

This follows the issuance of 37 RFI documents, as part of the July 2023 exercise. 

The Urban Renewal Implementation Guidelines (GPP PSB) introduced by KPKT last September stand as a pivotal reference for developers and stakeholders who are interested in urban renewal projects.