News by Chin Wai Lun

IOI Properties Group Bhd (KL:IOIPG) has launched its IOI Sustain Roadmap 2030 (ISR 2030) to drive sustainable progress across all facets of the group's operations.

Avaland Bhd (KL:AVALAND) launched the Sanderling 2 high-rise residential project over the weekend. Sanderling 2 is the fourth and final phase of the developer’s 23-acre freehold Lakefront Residence development in Cyberjaya.

Parkwood Holdings Bhd (KL:PARKWD), via its wholly owned subsidiary Parkwood Templers Sdn Bhd, has acquired five parcels of freehold land in Rawang, totalling 32.3 acres (13.1ha), for RM30.9 million.

The 24th International Architecture, Interior Design and Building Exhibition (Archidex 2025) will be held at two venues for the first time next year — at the Malaysia International Trade and Exhibition Centre (Mitec) from July 21 to 24 and at the Kuala Lumpur Convention Centre (KLCC) from July 23 to 26.

While the newly announced Budget 2025 is not a “property budget”, property consultants applaud the introduction of tax relief for housing loan interest payments up to RM7,000, which is expected to encourage first-time homeownership.

The Master Builders Association Malaysia (MBAM) has voiced concerns about supply chain and pricing trends for key construction materials as well as a potential rise in building costs in 2025, following the government's announcement of carbon tax and the removal of certain subsidies in Budget 2025 presented on Friday.

Lim Seong Hai Capital Bhd (KL:LSH) and Besteel Engtech Sdn Bhd (BESB) have delivered their maiden joint-venture high-rise residential project named Laman Seri Harmoni (LSH33) in Sentul, Kuala Lumpur. Vacant possession of the project was delivered 33 days ahead of schedule on Sept 12.

More China-based companies have expressed interest in being off-takers to set up manufacturing facilities within UEM Sunrise Bhd’s (KL:UEMS) Renewable Energy (RE) Industrial Park in Gerbang Nusajaya, Iskandar Puteri, Johor.

Phase 1 of Ehsan Widuri comprises 242 serviced apartment units (Block A), seven office units, six shoplots, and 540 car park bays across seven floors.

Juwai IQI co-founder and group chief executive officer Kashif Ansari noted that the firm has revised the forecast for 1Q2025 in light of this better-than-expected performance.