Housing and Local Government Minister Nga Kor Ming has dismissed claims that the ministry’s MyKiosk project has become a white elephant.

The Malaysian property market is said to have performed exceptionally well in 2024, with the total value of property transactions hitting a record high at RM232.3 billion, and the total volume of property transactions reaching 420,545, regaining the momentum of 2011.

Malaysia's central bank has kept the overnight policy rate (OPR) unchanged at 3%, as expected, while flagging rising downside risks to economic growth.

The Malaysian Institute of Property and Facility Managers (MIPFM) has submitted a formal appeal to the Ministry of Finance (MOF) and the Royal Malaysian Customs Department to reconsider and exempt maintenance fees and sinking fund contributions for stratified commercial properties from sales and service tax (SST), over a year after its implementation.

Noteworthy:

• Freehold
• Built-up size: 4,025 sq ft
• Floor level: High
• 4 bedrooms, 5 bathrooms
• Semi-furnished
• Nearby amenities: Bangsar Shopping Centre, Universiti Malaya, Sime Darby Convention Centre, Kuala Lumpur Golf and Country Club, Pantai Hospital
• Accessibility: SPRINT-Damansara and Penchala links, Federal Highway, Jalan Ara, Jalan Profesor Diraja Ungku Aziz

When: December 2024

A sense of belonging is important for youths, especially in urban areas where many are seeking to define themselves. However, are we doing enough to promote the well-being of youths in our cities?

Noteworthy:

• Freehold
• Built-up size: 4,000 sq ft
• 5 bedrooms, 4 bathrooms
• Unfurnished
• Nearby amenities: Pavilion Damansara Heights, HELP University, Universiti Malaya Medical Centre, Kuala Lumpur Golf Country and Club
• Accessibility: SPRINT-Damansara and Penchala Links, North-South Expressway, Jalan Duta

When: January 2025

Ooi said the research firm is observing early signs of renewed cross-border investor interest in Malaysia, particularly among those reassessing Southeast Asia’s growth potential.

The Real Estate and Housing Developers' Association Malaysia (Rehda) Institute has called on the government to introduce a “Tiered Developer Classification System” as part of the licensing process to help curb abandoned housing problems.

Malaysians have reacted positively after Merdeka 118, the second tallest tower in the world, located in Kuala Lumpur was featured in Marvel Studios’ latest superhero film Thunderbolts in its premiere showing in Malaysian cinemas on Thursday.