Curated stories and property intelligence, delivered your way.
Curated stories and property intelligence, delivered your way. Get free newspaper
Trinity Group marks topping out of RM395 mil Trinity Rainfora as Phase One hits full sell-out

Trinity Group marks topping out of RM395 mil Trinity Rainfora as Phase One hits full sell-out

news

Updated:
  • Trinity Group Sdn Bhd celebrated the topping-out of Trinity Rainfora in Bandar Kinrara on May 12.
  • Phase One sold out completely, prompting the launch of Block B with units starting at RM568,000.
  • The project features two towers, 535 units, and extensive amenities, targeting completion in 3Q2027.
Read More
The Wyn Residences hits 66% take-up as completion timeline accelerated to June 2027

The Wyn Residences hits 66% take-up as completion timeline accelerated to June 2027

news

Updated:
  • Land & General Bhd has advanced The Wyn Residences completion to June 2027, a year earlier than planned.
  • The project has a 66% take-up rate and recently celebrated structural completion at a topping-up ceremony.
  • This development features 1,546 units across three towers, with prices starting at RM480,000.
Read More
IWG expands Spaces coworking footprint in TTDI amid rising demand for flexible workspaces

IWG expands Spaces coworking footprint in TTDI amid rising demand for flexible workspaces

news

Updated:
  • IWG is launching a new Spaces coworking centre in TTDI, Kuala Lumpur, to meet rising demand.
  • The 24,700 sq ft facility offers flexible workspaces and is strategically located near major transport links.
  • This expansion reflects IWG's commitment to providing high-quality work environments.
Read More
Economy minister urges local authorities, state govts to slash rental rates of premises

Economy minister urges local authorities, state govts to slash rental rates of premises

news

Updated:
  • The National Economic Action Council urges local authorities to reduce rental rates for shops and premises.
  • This initiative aims to support petty traders facing rising costs and potential business closures.
  • There are signs of shifting consumer behaviour towards more cost-effective choices amid rising prices.
Read More
KL flood retention pond capacity down to 30%, says FT minister

KL flood retention pond capacity down to 30%, says FT minister

news

Updated:
  • Kuala Lumpur's flood retention pond capacity has dropped to 30% due to development on 17 land lots.
  • Minister Hannah Yeoh stated that further developments could worsen the situation and increase flood risks.
  • A special task force has been established to coordinate flood mitigation efforts and protect the ponds.
Read More
BKIP2 to go for another round of bidding after second RFP fails

BKIP2 to go for another round of bidding after second RFP fails

news

Updated:
  • The Penang Development Corp will reopen bidding for the Batu Kawan Industrial Park 2 project.
  • The second request for proposal failed after the winning bidder's partner withdrew, prompting a new round.
  • If no suitable partner is found, PDC will reassess the project's viability and market conditions.
Read More
Penang assemblyman proposes 3% levy on out-of-state property buyers

Penang assemblyman proposes 3% levy on out-of-state property buyers

news

Updated:
  • A Penang assemblyman proposed a 3% property transfer premium for non-residents to curb speculation.
  • The funds would support affordable housing initiatives for locals, addressing a housing market mismatch.
  • Defining "non-Penangite" and implementing the levy may require federal cooperation and legal adjustments.
Read More
Bursa reprimands Ireka, fines directors RM425,000 over Pan Borneo Sabah project disclosure breaches

Bursa reprimands Ireka, fines directors RM425,000 over Pan Borneo Sabah project disclosure breaches

news

Updated:
  • Bursa Malaysia reprimanded Ireka Corporation and fined seven directors RM425,000 for disclosure breaches.
  • The violations involved failures related to the RM1.07 billion Pan Borneo Highway project in Sabah.
  • Ireka's inadequate disclosures led to significant market volatility, impacting investor confidence.
Read More
Rehda backs Option to Purchase clause under proposed new housing law

Rehda backs Option to Purchase clause under proposed new housing law

news

Updated:
  • Rehda Malaysia supports the proposed "Option to Purchase" clause in the new Real Property Development Act.
  • This mechanism allows buyers and developers to withdraw from transactions before signing agreements.
  • Rehda emphasises the need for clear and equitable guidelines to protect homebuyers and address challenges.
Read More
DBKL targets 14 flood hotspots, increasing desilting works at rivers

DBKL targets 14 flood hotspots, increasing desilting works at rivers

news

Updated:
  • Kuala Lumpur City Hall has reduced flood hotspots from over 30 to 14 through drainage upgrades.
  • A special task force will clear clogged drainage during heavy rain, as rainfall intensity poses challenges.
  • DBKL also launched an early weather alert initiative to help residents prepare for bad weather.
Read More
Bites
Trinity Group marks topping out of RM395 mil Trinity Rainfora as Phase One hits full sell-out