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URA’s 30-year ‘trigger point’ to invoke redevelopment based on myth

URA’s 30-year ‘trigger point’ to invoke redevelopment based on myth

indepth

Updated:
  • The proposal to use a 30-year building age for redevelopment under the URA Bill is unsound.
  • Many buildings can last well beyond 30 years with proper maintenance, making age an unreliable indicator.
  • This approach risks unnecessary demolitions and financial burdens on homeowners without clear evidence of structural safety concerns.
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Tanco hits limit down, erasing RM3.9 bil over four-day losing streak

Tanco hits limit down, erasing RM3.9 bil over four-day losing streak

news

Updated:
  • Tanco Holdings Bhd shares fell nearly 30% to RM1.12, marking four consecutive days of losses.
  • The stock's decline prompted a UMA query from Bursa Malaysia, with trading volume at 30.5 million shares.
  • Tanco has faced regulatory scrutiny since April due to unusual trading activity linked to its projects.
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Stamp duty self assessment needs stronger valuation safeguards

Stamp duty self assessment needs stronger valuation safeguards

news

Updated:
  • Malaysia's stamp duty self-assessment system aims to modernize tax administration and improve efficiency.
  • However, reliance on self-declaration raises concerns about valuation accuracy and potential undervaluation.
  • Independent valuation reports could enhance compliance, reduce administrative burdens, and promote fairness.
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Kia Malaysia to move local assembly ops from Sime Darby Motors’ Inokom to Stellantis by 3Q2026

Kia Malaysia to move local assembly ops from Sime Darby Motors’ Inokom to Stellantis by 3Q2026

news

Updated:
  • Kia Malaysia will relocate its car assembly to Stellantis Malaysia's Gurun plant by 3Q2026.
  • The current assembly at Sime Darby Motors' Inokom plant will cease after five years.
  • Stellantis will handle Kia's CKD operations, enhancing local capabilities and future model readiness.
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Radium enters hospitality, unveils The Face Chancery Hotel in KL

Radium enters hospitality, unveils The Face Chancery Hotel in KL

news

Updated:
  • Radium Development Bhd has launched The Face Chancery Hotel, its first hotel venture in Kuala Lumpur.
  • The hotel will feature 145 rooms and is designed to meet urban needs, combining SOHO units and hospitality.
  • Scheduled to open in 2028, it aims for annual revenue of RM20 mil by its third year.
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Gamuda Land partners UCSI to establish campus at Gamuda Gardens

Gamuda Land partners UCSI to establish campus at Gamuda Gardens

news

Updated:
  • Gamuda Land has signed an MOU with UCSI University to establish a new campus in Rawang.
  • The temporary campus will open in January 2027, serving 2,000 students with various programs.
  • A permanent campus for 6,000 students is planned for completion by 2031, enhancing education in the township.
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GD Properties breaks ground on RM1.37b KL360 @ Menara GD, reviving abandoned M101 Skywheel

GD Properties breaks ground on RM1.37b KL360 @ Menara GD, reviving abandoned M101 Skywheel

news

Updated:
  • GD Properties has launched KL360 @ Menara GD, a RM1.37 bil mixed-use project in Kuala Lumpur.
  • The Housing Minister emphasised the project's role in restoring trust and addressing abandoned developments.
  • GD Properties aims to collaborate with the government to eliminate abandoned projects by 2030.
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Work on Mutiara Line LRT stations progressing steadily — Penang CM

Work on Mutiara Line LRT stations progressing steadily — Penang CM

news

Updated:
  • Construction of the Mutiara Line LRT project is progressing, with station designs awaiting approval.
  • Key stations like Bandar Sri Pinang and LTAPP are advancing, with piers and foundations completed.
  • Traffic management plans are in place as construction intensifies, causing potential public inconvenience.
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Yong Tai seeks fourth extension for RM160 mil Courtyard by Marriott Melaka sale circular

Yong Tai seeks fourth extension for RM160 mil Courtyard by Marriott Melaka sale circular

news

Updated:
  • Yong Tai Bhd has requested a fourth six-month extension to submit its draft circular for a RM160 mil sale.
  • The proposed sale of the Courtyard by Marriott Melaka has faced legal challenges.
  • As of March 31, 2026, the company reported a net debt of RM202.81 mil and a reduced net loss of RM2.1 mil.
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URA’s 30-year ‘trigger point’ to invoke redevelopment based on myth