Malaysia short-term rental market set to grow even as competition increases

Malaysia short-term rental market set to grow even as competition increases

news

Updated:
  • Malaysia's short-term rental sector is set to grow due to regulatory clarity and tourism recovery.
  • Competition will increase as new developments boost supply, according to industry leaders.
  • Travellers are shifting towards non-urban destinations, with domestic demand stabilising the market.
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Battersea Power Station lines up immersive art and family activities for May half-term

Battersea Power Station lines up immersive art and family activities for May half-term

news

Updated:
  • Battersea Power Station will host immersive art installations from May 23 to 31, including Luxart.
  • Interactive A Line Florist installation by Anna Bruder allows visitors to create personalised flower artworks.
  • The riverside area will feature markets and attractions, including shops, restaurants, and a glass elevator.
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PRG's construction arm takes 12 Picasso Residence units to partially recover RM37 mil debt

PRG's construction arm takes 12 Picasso Residence units to partially recover RM37 mil debt

news

Updated:
  • PRG Holdings' subsidiary will accept 12 condo units as partial payment for a RM37.17 million debt.
  • The units, valued at RM13.73 million, will help recover outstanding construction fees owed by the developer.
  • The settlement is expected to finalise in 2Q2026, with no cash outlay required from PRG.
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MACC seizes properties worth RM18.4m in NGO fund probe

MACC seizes properties worth RM18.4m in NGO fund probe

news

Updated:
  • The Malaysian Anti-Corruption Commission seized assets worth RM18.36 million in a fund misappropriation case.
  • This includes 14 properties, such as seven residential units and three office units.
  • Two men, including the NGO's deputy chairman, have been arrested to assist with the investigation.
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Rehda Institute kicks off RIYI mentorship programme on April 25

Rehda Institute kicks off RIYI mentorship programme on April 25

news

Updated:
  • The Rehda Institute will launch its Youth Initiative (RIYI) mentorship program on April 25.
  • This programme pairs students with industry professionals to enhance skills and employability.
  • RIYI gives students direct access to decades of senior management experience.
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Tanco's Midports switches to port concession model for RM5 mil/month Port Dickson smart container port

Tanco's Midports switches to port concession model for RM5 mil/month Port Dickson smart container port

news

Updated:
  • Tanco Holdings Bhd is restructuring its "Smart AI Container Port" project in Port Dickson.
  • The new Port Development Concession model replaces the previous lease arrangement.
  • This change is not expected to impact Tanco's finances immediately but may affect long-term profits.
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347 houses handed over under Baiti Jannati Programme in Federal Territory, says Yeoh

347 houses handed over under Baiti Jannati Programme in Federal Territory, says Yeoh

news

Updated:
  • A total of 347 housing units have been delivered under the Baiti Jannati Programme in Kuala Lumpur.
  • Aimed to improve living conditions for underprivileged families, with units costing around RM50,000 each.
  • Minister Hannah Yeoh emphasised the importance of collaboration to ensure families have stable homes.
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Paramount posts RM1b property sales for fourth straight year, acquires 363 acres of new landbank in 2025

Paramount posts RM1b property sales for fourth straight year, acquires 363 acres of new landbank in 2025

news

Updated:
  • Paramount Corp Bhd achieved over RM1 billion in property sales for the fourth year, despite lower revenue.
  • The company plans to launch properties worth RM1.1 bil in 2026 and aims for a 10% return on equity by 2030.
  • Additionally, Paramount ventured into F&B, acquiring a stake in Envictus International Holdings.
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NREC 2026: Inaugural Property Surveying Awards honours excellence across public, corporate, academic sectors

NREC 2026: Inaugural Property Surveying Awards honours excellence across public, corporate, academic sectors

news

Updated:
  • The Royal Institution of Surveyors Malaysia held its first Property Surveying Awards in Kuala Lumpur.
  • The event recognised contributions to the property surveying profession.
  • Key awardees included Knight Frank Malaysia and individuals like Datuk Mani Usilappan and Wong Kok Soo.
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Sabah mulls modern rail system to industrial parks, ports to boost economy

Sabah mulls modern rail system to industrial parks, ports to boost economy

news

Updated:
  • Sabah is studying a modern rail system to enhance logistics between Putatan and Kota Kinabalu.
  • The state government aims to improve transport infrastructure and public utilities.
  • Measures are being implemented to mitigate floods and landslides, ensuring infrastructure resilience.
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