The Malaysian Anti-Corruption Commission (MACC) has once again seized Ilham Tower in Jalan Binjai here, owned by the family of the late Tun Daim Zainuddin, this time in connection with alleged money laundering.

The Real Estate and Housing Developers' Association (Rehda) Institute has called for an owner-led urban renewal model, backed by clear safeguards to prevent displacement and ensure fair compensation for the affected property owners in urban redevelopment.

Revenue Group Bhd, a provider of cashless payment solutions based in Malaysia, is selling an industrial property in Taman Bukit Maluri Industrial Park, Kuala Lumpur, for RM23 million.

Second Home Plan (MM2H) Sdn Bhd has been launched as a one-stop relocation platform to help foreign nationals to buy homes in Malaysia through the Malaysia My Second Home (MM2H) programme.

Construction company Nestcon Bhd (KL:NESTCON) said its plan to diversify into property development for more revenue sources will take more time and be revised.

Noteworthy:

• Freehold
• Built-up size: 678 sq ft
• 1 bathroom
• Semi-furnished
• Nearby amenities: Sunway 163 Mall, Publika Shopping Gallery, Mont’Kiara International School, Global Doctors Hospital
• Accessibility: SPRINT-Damansara and Penchala links, LDP, DUKE, NKVE

When: December 2024

IOI Properties Group Bhd (KL:IOIPG) is acquiring the remaining 50.1% stake in Singapore’s South Beach development from City Developments Ltd (CDL) for RM2.75 billion (S$834.22 million), giving the Malaysian developer full ownership of the high-profile mixed-use asset.

I-Bhd (KL:IBHD) has announced an initial commitment of RM10 million to roll out artificial intelligence (AI) and robotics infrastructure across its portfolio over the next four years to 2028.

Malaysia has entered the final 100-day countdown to host Southeast Asia’s first Smart City Expo, with Kuala Lumpur set to welcome over 10,000 delegates and 300 exhibitors from more than 20 countries this September.

Tata Electronics’ potential entry into Malaysia through the acquisition of a fabrication, or semiconductor assembly and test (OSAT) plant could significantly revitalise the country’s technology sector, according to PublicInvest Research.