Bank Negara Malaysia’s (BNM) decision to lower the overnight policy rate (OPR) by 25 basis points to 2.75% is a prudent and proactive measure amid global economic uncertainties.

Noteworthy:

• Freehold
• Built-up size: 4,115 sq ft
• Floor Location: Penthouse
• 5 bedrooms, 7 bathrooms
• Fully furnished
• Nearby amenities: Sunway 163 Mall, Mont’Kiara International School, Damansara Specialist Hospital 2, Kuala Lumpur Golf & Country Club
• Accessibility: SPRINT-Damansara and Penchala Links, NSE, NKVE, Jalan Dutamas

When: April 2025

Paramount Property Development Sdn Bhd has unveiled Traverse with Paramount, a six‑month campaign that sets aside a total of eight million Asia Miles to reward buyers of selected residential developments.

The TOD is part of the 34.6-acre SJ7 masterplan, nestled in one of the most matured and vibrant townships in the Klang Valley.

Malaysia’s central bank on Wednesday moved to cut interest rates for the first time in nearly two years to support an economy facing downside risks to its growth.

The Johor government, in collaboration with the federal government, will continue engaging with investors and companies in the Johor-Singapore Special Economic Zone (JS-SEZ) to implement more competitive minimum wages, including a target of RM4,000 for fresh graduates.

Bina Puri Holdings Bhd (KL:BPURI) said on Tuesday that two of its wholly-owned subsidiaries have been served with winding-up petitions by the government, via the Inland Revenue Board, for failing to settle outstanding tax liabilities.

SkyWorld Development Bhd (KL:SKYWLD) is acquiring a 25.9-acre parcel of land in Batu Kawan, Penang, for RM48.51 million as part of a previously announced joint development to build affordable housing units in the state.

Permodalan Negeri Selangor Bhd (PNSB) on Tuesday signed memoranda of understanding (MOUs) with three strategic partners, comprising SD Guthrie Bhd (KL:SDG), IJM Corporation Bhd (KL:IJM) and Yayasan Selangor, to develop an edu-technology park and a food security hub on Carey Island, Kuala Langat.

Noteworthy:

• Freehold
• Built-up size: 732 sq ft
• Land size: 770 sq ft
• 3 bedrooms, 2 bathrooms
• Semi-furnished
• Nearby amenities: Today's Mall, Mid Valley Southkey, Hospital Sultan Ismail, Bukit Batu Putih, SK Taman Bukit Rimba, Ulu Tiram Health Clinic
• Accessibility: Jalan Kota Tinggi, Pasir Gudang Highway, ELITE Highway, PLUS Highway

When: January 2025