Editor's Pick

HOC should only be for affordable properties

Malaysia is facing a unique housing problem.  On one hand, the median property prices are too high and are beyond the mass population's affordability. As a result, even middle-income groups, not to mention the lower-income groups, find it almost impossible to buy their first homes.  

Tropicana sells Courtyard by Marriott Penang for RM165 mil

Tropicana Macalister Avenue (Penang) Sdn Bhd, a wholly-owned subsidiary of Tropicana Corp Bhd today signed a sale and purchase agreement with IOI PFCC Hotel Sdn Bhd, an indirect subsidiary of IOI Properties Group Bhd for the sale of Courtyard by Marriott Penang for a total cash consideration of RM165 million.

Berjaya Land, IJM, MRCB and KTMB join forces to bid for KL-Singapore HSR job

Berjaya Land Bhd’s (BLand) 70%-owned subsidiary Berjaya Rail Sdn Bhd (BRail) has teamed up with IJM Corp Bhd's unit IJM Construction Sdn Bhd, Malaysian Resources Corp Bhd (MRCB) and national railway company Keretapi Tanah Melayu Bhd (KTMB) to bid for the Kuala Lumpur-Singapore high-speed rail (HSR) project.

DONE DEAL: Condominium, Kampung Sungai Kayu Ara, Selangor

Noteworthy:

  • Built-up size: 1,140 sq ft
  • Leasehold
  • Fully furnished
  • 3 bedrooms, 2 bathrooms
  • Nearby amenities: Kayu Ara LRT station, shopping malls, sports centers, restaurants, schools
  • Accessibility: SPRINT, LDP, NSE

When: October 2023

BNM keeps OPR at 3%

Malaysia’s headline interest rate, the overnight policy rate (OPR), has been maintained at 3% following the Monetary Policy Committee (MPC) meeting on Wednesday, said Bank Negara Malaysia (BNM).

DONE DEAL: Condominium, Bukit Bintang, Kuala Lumpur

Noteworthy:

  • Built-up size: 2,153 sq ft
  • Freehold
  • Fully furnished
  • 3 bedrooms, 3 bathrooms
  • Nearby amenities: Bukit Bintang MRT Station, Raja Chulan and Jalan Imbi Monorail Stations, shopping malls, F&B outlets, Taman Eko-Rimba KL (TERKL), Stadium Negara, Tung Shin Hospital, KLCC Park
  • Accessibility: AKLEH, MRR2, Federal Route 1, MEX, SMART Tunnel

When: November 2023