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Deputy housing minister: 32,800 completed homes worth RM16.37b unsold as at 1Q; nearly half priced below RM300,000

Deputy housing minister: 32,800 completed homes worth RM16.37b unsold as at 1Q; nearly half priced below RM300,000

news

Updated:
  • Malaysia has 32,800 unsold homes worth RM16.37 bil in 1Q2026.
  • Nearly half of these homes are priced below RM300,000.
  • This indicates a significant mismatch between housing supply and demand across various segments.
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KPKT approves 594 development projects in Chinese new villages, Indian villages

KPKT approves 594 development projects in Chinese new villages, Indian villages

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Updated:
  • KPKT approved 573 Chinese new village and 21 Indian village projects, totalling RM73 mil this year.
  • For Chinese villages, 366 infrastructure projects were approved; of which 148 have been completed.
  • Indian villages received RM2 mil for 18 projects, with five already finished.
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LRT3 contractors face RM2.73m daily penalty for delays, deputy transport minister tells Dewan Rakyat

LRT3 contractors face RM2.73m daily penalty for delays, deputy transport minister tells Dewan Rakyat

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Updated:
  • The LRT Shah Alam Line faces RM2.729 mil daily penalty for delays.
  • The LRT3 officially began passenger services on Monday, a day after its official launch on June 28.
  • Construction began in 2016 but was halted in 2018 for a review following a change in government.
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Pavilion Damansara Heights New Phase hits milestone with Corporate Suites-Hotel Tower topping-out, 80% of office space sold

Pavilion Damansara Heights New Phase hits milestone with Corporate Suites-Hotel Tower topping-out, 80% of office space sold

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Updated:
  • Pavilion Group topped out its 31-story Corporate Suites-Hotel Tower.
  • 80% of office space is already sold due to strong market interest.
  • This project sets the pace for two residential towers completing in 2029.
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Gazetting 50 acres in Bandar Malaysia as Malay reserve land reflects political courage, wisdom — PM

Gazetting 50 acres in Bandar Malaysia as Malay reserve land reflects political courage, wisdom — PM

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Updated:
  • The government gazetted 50 acres in Bandar Malaysia as Malay reserve land.
  • This safeguards Bumiputera interests and required political courage.
  • The land, valued highly, was government-owned, not taken from others.
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Transport Ministry identifies several areas around LRT3 stations for TOD projects

Transport Ministry identifies several areas around LRT3 stations for TOD projects

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Updated:
  • The Ministry of Transport identified areas around LRT3 stations for Transit-Oriented Development.
  • Among the potential areas are the Seri Andalas, Kayu Ara, Bandar Bukit Tinggi and Johan Setia stations.
  • The LRT3 Shah Alam Line will offer one month of free rides.
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One-month free rides on LRT3 Shah Alam starting Monday, says PM Anwar

One-month free rides on LRT3 Shah Alam starting Monday, says PM Anwar

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Updated:
  • The LRT3 Shah Alam Line offers free rides from June 29 to July 31.
  • This includes feeder bus services along the new line.
  • The LRT3 Shah Alam Line project involved an investment of RM16.63 bil.
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Northern Malaysia needs ecosystem strategy, not another spillover narrative

Northern Malaysia needs ecosystem strategy, not another spillover narrative

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Updated:
  • Malaysia's northern corridor, especially Kedah, sees unprecedented industrial investment growth.
  • This surge is driven by geopolitical shifts and structural advantages over competitors.
  • Future success hinges on building robust supporting ecosystems, not just attracting foreign direct investment.
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EcoWorld, SD Guthrie confirm completion of EBP8 land acquisition and Johor land disposal

EcoWorld, SD Guthrie confirm completion of EBP8 land acquisition and Johor land disposal

news

Updated:
  • EcoWorld and SD Guthrie completed a 935-acre land acquisition in Johor.
  • This fulfills prior agreements from November 2025.
  • The filings confirm previously announced transactions.
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Penang Port calls tender for 2.2-acre site at BDWW

Penang Port calls tender for 2.2-acre site at BDWW

news

Updated:
  • Penang Port seeks bids for a 2.20-acre parcel at Butterworth Deep Water Wharves.
  • The tender involves a long-term sub-lease for development and operation.
  • Proposals are due by July 30, 2026, with a mandatory site visit on June 30.
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