The plan is to develop another integrated circuit design park in Cyberjaya to accommodate more engineers in Selangor, said Yong. 

The guidelines would ensure data centres built in Malaysia meet the minimum sustainability requirements to achieve net-zero emissions by 2050.

In its research note, Maybank IB highlighted that sector fundamentals remain strong, driven by resilient property sales, particularly in the industrial property segment.

Anwar said this requirement is crucial for the approval of new housing developments, ensuring opportunities for low-income groups to become homeowners.

Bursa Malaysia Property Index, which tracks 97 stocks in the sector, settled down 9.74% to a nearly three-month low of 980.14 points, making it the biggest loser in the exchange on Monday.

Even if the United States (US) Federal Reserve cuts its interest rates as anticipated, Bank Negara Malaysia (BNM) is expected to hold the Overnight Policy Rate (OPR) at 3% by the end of 2025, amid a strengthening ringgit.

The Ministry of Housing and Local Government (KPKT) plans to draft the Urban Renewal Bill and the Residential Tenancy Bill, and amend several existing legislation before the 16th General Election, said Minister Nga Kor Ming.

The government has proposed the Urban Redevelopment Act (URA) legislation, saying it is a solution to urban slums. However, the National House Buyers’ Association (HBA) views this as a myth. Instead, the URA is merely scratching the surface rather than addressing the root causes.

Tourism-related property developer Yong Tai Bhd (KL:YONGTAI) said on Wednesday that it is selling its five-star hotel Courtyard by Marriott Melaka for RM160 million. 

Noteworthy:

• Freehold
• Built-up size: 1,800 sq ft
• Land size: 1,650 sq ft
• 4 bedrooms, 3 bathrooms
• Semi-furnished
• Nearby amenities: LRT Ara Damansara, LRT Lembah Subang, Tropicana Golf & Country Resort, Sultan Abdul Aziz Shah Airport, CITTA Mall, Thomson Hospital Kota Damansara,
• Accessibility: NKVE, SPRINT-Damansara Link and Penchala Link, DASH, Subang-Kelana Jaya Link, LDP

When: April 2024