News by Tam You Sheng

PropNex Cheras Xpo 2025 attracted around 3,000 participants who attended the event to gain insights from industry experts.

In land-scarce and highly populated urban areas in the Klang Valley, transit-oriented developments (TODs) have become one of the solutions in mitigating commuting congestion and facilitating greater efficiency in mobility. Moreover, with the upcoming Circle Line MRT (Mass Rapid Transit) 3 to complete the Klang Valley Integrated Transit System slated for completion in less than 10 years, TODs are generally seen as future-proof investments..

TA Global Bhd has launched a new Grade-A strata office tower, The Arden in Bandar Sri Damansara, Selangor. The commercial site, with a gross development value (GDV) of RM446 million, is slated for completion in 2Q2028.

Policy makers are working together with legal experts to refine legislations to address issues that have arisen in strata management, especially in regards to multiple-phase developments, says a Malaysian law practitioner.

Nga indicated that there are only 594 licensed firms practising property management, serving 2.91 million strata units in the country. 

The black-tie event, which was attended by nearly 600 agents and associates, saw 104 awards presented.

A recent transaction of a unit at Park Regent in Desa ParkCity, Kuala Lumpur at RM12.5 million (RM2,771.61 psf) was not only a very rare high-price transaction, but also broke the record within the project itself.

With the proposed Urban Renewal Act (URA) set to be tabled in June, an expert has said the building age threshold should be higher than 30 years.

KL Wellness City has achieved 50% completion ahead of schedule. The key components of this development — The KL International Hospital (KLIH) and the Noble Health Care Park are set to be completed by 2Q2026.

After more than half a century, Cheras remains a popular area for homebuyers. An expert believes house prices in its mature neighbourhoods will keep up their modest annual growth.