Editor’s pick

The federal government is paying serious attention to the concerns of Penang residents regarding part of the Sungai Nibong pesta site being taken over to build a depot for the Mutiara Line Light Rail Transit (LRT) project.

The Ministry of Natural Resources and Environmental Sustainability is in the midst of improving the Strata Titles Act 1985 (Act 318) to address issues related to strata housing, particularly for low- and medium-low-cost units.

Noteworthy:

• Freehold
• Built-up size: 1,050 sq ft
• Floor level: mid
• 3 bedrooms, 2 bathrooms
• Unfurnished
• Nearby amenities: Cyberjaya Lake Gardens, Multimedia University-MMU, Hospital Cyberjaya, University of Cyberjaya, DPULZE Shopping Centre, MRT Cyberjaya Utara
• Accessibility: MEX, Putrajaya Ring Road, Putrajaya-Cyberjaya Expressway, LDP, ELITE

When: August 2024

Construction and property firms would be the first beneficiaries of the Johor-Singapore Special Economic Zone (JS-SEZ) that will require everything from utilities to warehouses, and from houses to offices.

Investors in the Johor-Singapore Special Economic Zone (JS-SEZ) are eligible for a suite of incentives, including a special corporate tax rate that takes effect on Jan 1, the Finance Ministry said on Wednesday.

Noteworthy:

• Freehold
• Built-up size: 1,822 sq ft
• Floor level: high
• 3 bedrooms, 3 bathrooms
• Fully furnished
• Nearby amenities: TERKL, Pavilion Bukit Bintang, Jalan Alor Food Street, Tung Shin Hospital, Raja Chulan monorail station, MRT Bukit Bintang
• Accessibility: Jalan Raja Chulan, Jalan Pudu, Jalan Imbi, Jalan Sultan Ismail, MEX, Sungai Besi Expressway, AKLEH

When: August 2024

The Johor-Singapore Special Economic Zone (JS-SEZ) holds significant potential to boost employment in Johor, but economists stressed the need for clarity on tax incentives and the development of necessary infrastructure as crucial factors for the zone's attractiveness to investors.

Kashif said Johor is expected to gain more new foreign direct investment, manufacturing activity, tourism, and real estate activity. 

Anwar said the government's current position is to invite the participation of the private sector because the government has limitations and is still waiting for “promising” proposals.