News by Veishnawi Nehru

The Housing and Local Government Ministry (KPKT) is studying the introduction of an Option to Purchase (OTP) clause under the proposed Real Property Development Bill to help reduce sick, delayed and abandoned housing projects.

Premier lifestyle property developer Eastern & Oriental Bhd (E&O) has completed The Meg, its first development within the Andaman Island township, marking a milestone in the group’s vision for sustainable waterfront living in Penang.

UEM Sunrise Bhd has appointed Leong Jee Van as chief property development officer (CPDO), effective May 18, as the developer strengthens execution across its core property development operations and strategic growth corridors.

Imperio Group has opened The Tenz Emporium in Alor Setar, with Cold Storage — operated by GCH Retail (Malaysia) Sdn Bhd — as its anchor tenant and the premium grocer's first outlet in Kedah, signalling growing retailer interest in secondary cities beyond the Klang Valley and Penang.

The Real Estate and Housing Developers’ Association (Rehda) Institute Youth Initiative (RIYI) 2026 recently held its first corporate mentorship session, bringing together about 50 students from over 15 universities nationwide to engage directly with industry leaders and gain early exposure to workplace expectations in the built-environment sector.

Real estate agency Polygon Properties marked its ninth anniversary with its Globe Gala Night on April 17 at Galaxy Banquet Hall in Sentul, bringing together 500 guests for a cross-cultural themed celebration.

Real estate agency Wereg Properties recorded a 50% to 100% increase in sales revenue over the past year, marking a significant milestone in its growth trajectory.

The Forest City Special Financial Zone (SFZ) is well-positioned to draw global investors seeking stability, as geopolitical tensions in West Asia push ultra-high-net-worth individuals to reposition assets into safer jurisdictions.

The Real Estate and Housing Developers' Association (Rehda) Institute will hold the first mentorship session under its Rehda Institute Youth Initiative (RIYI) tomorrow (April 25), marking the rollout of a structured programme aimed at preparing students for careers in the built environment sector.

Klang is undergoing a structural shift driven by rising incomes, land use changes and major infrastructure upgrades, positioning it as a growing upgrader market within the southwest corridor of the Klang Valley.