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JS-SEZ to address brain drain with higher pay scale — Invest Johor

JS-SEZ to address brain drain with higher pay scale — Invest Johor

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Updated:
  • The Johor-Singapore Special Economic Zone aims to combat brain drain by creating high-income jobs.
  • Invest Johor is focusing on attracting impactful investments to improve local salaries and quality of life.
  • Johor is also developing a skilled workforce to meet industry needs and reduce reliance on foreign labour.
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The front-to-back AI roadmap: Understanding Malaysia's property development landscape

The front-to-back AI roadmap: Understanding Malaysia's property development landscape

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Updated:
  • Property development involves acquiring land to create residential, commercial, or industrial buildings.
  • At least 90% of players in the property development industry are estimated to be SMEs.
  • AI is crucial for SMEs, but barriers like cost perceptions and data limitations hinder implementation.
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Living in Johor: A guide to properties in Johor Bahru

Living in Johor: A guide to properties in Johor Bahru

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Updated:
  • Johor is a sought-after residential destination in Malaysia, offering diverse housing options.
  • Urban professionals favour high-rises near transport hubs, while families prefer spacious landed homes.
  • The region's affordability and amenities attract budget-conscious buyers, including Singaporean commuters.
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Hektar REIT completes acquisition and lease of 41.8-acre Melaka land from KYS College

Hektar REIT completes acquisition and lease of 41.8-acre Melaka land from KYS College

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Updated:
  • Hektar REIT has completed the acquisition of two land parcels in Alor Gajah, Melaka.
  • The total area acquired is approximately 41.8 acres for RM40 mil, funded partly by RM24 mil in borrowings.
  • This strategic move expands Hektar's portfolio linked to its education-sector tenants.
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Master Tec Wire & Cable completes acquisition of 42.59-acre freehold land in Jasin, Melaka

Master Tec Wire & Cable completes acquisition of 42.59-acre freehold land in Jasin, Melaka

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Updated:
  • Master Tec Group's subsidiary acquired 42.59 acres in Jasin, Melaka for RM10.2 million.
  • The purchase was funded by internal funds and bank loans, with a slight discount to market value.
  • This acquisition supports Master Tec's strategy to expand its property development and investment business.
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Zelan unit to transfer two Wisma Zelan office suites to MMC Engineering Sdn Bhd to settle RM5.22m debt

Zelan unit to transfer two Wisma Zelan office suites to MMC Engineering Sdn Bhd to settle RM5.22m debt

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Updated:
  • Zelan Bhd's subsidiary has agreed to settle RM5.2 million in debts by transferring two office units.
  • The units will satisfy the debt upon registration, with a small balance covered by rental payments.
  • It is part of Zelan's regularisation plan after being classified as a PN17 issuer.
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Malaysia, Singapore fine-tune RTS Link co-located facility SOPs

Malaysia, Singapore fine-tune RTS Link co-located facility SOPs

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Updated:
  • Negotiations between Malaysia and Singapore for the RTS Link project are progressing well.
  • The co-located concept allows enforcement agencies from both countries to operate in each other's territories.
  • The RTS Link is set to be operational by January next year, connecting JB and Singapore in just five minutes.
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KJTS to let JV take over KIP REIT malls contracts

KJTS to let JV take over KIP REIT malls contracts

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Updated:
  • KJTS Group Bhd has signed an agreement for its joint venture to take over a contract for eight retail malls.
  • Lestari Cooling Energy will handle asset ownership and investment, while KJTS manages operations.
  • This structure reduces capital commitments and allows KJTS to pursue similar projects in the future.
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KPKT studying Option to Purchase to allow buyers to withdraw before signing SPA, curb abandoned housing

KPKT studying Option to Purchase to allow buyers to withdraw before signing SPA, curb abandoned housing

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Updated:
  • The Housing and Local Govt Ministry is proposing an Option to Purchase clause to curb abandoned projects.
  • This clause allows buyers and developers to cancel commitments before signing the SPA.
  • The initiative aims to improve Malaysia's housing system and achieve zero sick projects by 2030.
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