News by Priya Devan

IJM Land Bhd’s Savvy serviced apartment development under the larger 16-acre (6.47-hectare) Riana Dutamas master plan in Segambut, Kuala Lumpur, has achieved a Qlassic score of 85%, according to a press statement on Monday.

M&M Ventures Holdings Sdn Bhd has officially commenced construction for its maiden project, a retail park named Bali Escape Kuala Lumpur (BEKL) in Pudu, Kuala Lumpur, on Wednesday.

Matrix Concepts Holdings Bhd’s (KL:MATRIX) Levia Residence condominium in Cheras has achieved a take-up rate of 70% since its official launch in January.

Ayer Holdings Bhd’s (KL:AYER) Erica Residence in Bandar Bukit Puchong, Selangor has become the first landed property project in Malaysia to achieve the GreenRE Platinum Provisional Certification, according to a press statement on Saturday (Nov 16).

Sime Darby Property (KL:SIMEPROP) will launch its latest condominium development named Kanopi Residences in its 6.5-acre City of Elmina township in Shah Alam on Nov 23.

The new hotel offers studio to three-bedroom layouts that come in built-up sizes from 151 to 603 sq ft. 

Mah Sing Group Bhd (KL:MAHSING) has acquired a 5.24-acre (2.12-hectare) freehold parcel in Old Klang Road here for approximately RM113 million from Team Keris Bhd to develop a new transit-oriented development (TOD) named M Aurora.

Paragon Platinum Sdn Bhd, a wholly owned subsidiary of Paragon Globe Bhd (KL:PGLOBE), commenced construction of its Desa 27 industrial development in Desa Cemerlang, Johor Bahru, last Saturday (Nov 2).

OSK Property Holdings Bhd, the property arm of OSK Holdings Bhd (KL:OSK), has launched a serviced apartment project named Nara under its 27.77-acre (11.24-hectare) Shorea Park master plan in Puchong, according to a press statement on Saturday.

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.