News by Priya Devan

The Real Estate and Housing Developers’ Association (Rehda) Malaysia welcomed the Federal Court’s ruling on the cases involving Prema Bonanza Sdn Bhd and Sri Damansara Sdn Bhd on Friday, which removed the uncertainties in the determination of the delivery period of properties

The Building Industry Presidents’ Council (BIPC) chaired by president Jeffrey Chiang Choong Luin has reinforced its objection towards the mandatory Human Resource Development Corp’s (HRD Corp) mandatory levy collection for the building industry, following the recent allegations of fund misappropriations.

IJM Land Bhd’s landed residential development — Nova, which is part of its 3,800-acre Seremban 2 township, has been 70% taken up since it was launched on June 29, according to a press statement on Thursday.

International property consultancy firm Knight Frank forecasts that Kuala Lumpur’s prime office rental and vacancy rates will remain unchanged and stable for the next 12 months.

"The global data centre industry is growing quickly this year because of demand from artificial intelligence, machine learning, e-commerce, and cloud computing. Malaysia is transforming from an also-ran to a top contender in data centres so quickly that they call Malaysia a data centre powerhouse."

The new office will offer a wide range of services, including residential and commercial property sales and leasing, property management, transactions, valuation and advisory services.

Malaysia has emerged as the top three country in Asia for outbound cross-border property investment after Mainland China and Hong Kong, according to Juwai IQI Holdings’ Asia-Pacific Cross-Border Residential Property Buying Trends Report 1Q2024 that was issued on Tuesday.

PR1MA Corp Malaysia, which is an affordable housing agency under the Ministry of Housing and Local Government (KPKT), has commenced construction of its first township development in Teluk Intan, Perak, according to a press statement on Friday.

Tropicana Corp Bhd (KL:TROP) has announced a partnership with Samsung Malaysia Electronics Sdn Bhd to offer artificial intelligence (AI) home appliances in its upcoming developments.

Avaland Bhd (KL:AVALAND) officially launched its latest high-rise residential development, Aetas Seputeh, on Thursday in Seputeh, Kuala Lumpur.