Amidst the towering skyline of Malaysia's urban centres, a different kind of landscape unfolds – one of unfinished projects and shattered hopes.

SkyWorld Development (Vietnam) Company Ltd, a wholly owned subsidiary of SkyWorld Development Bhd, is acquiring 1.3 acres (0.53 hectare) of land in Ho Chi Minh City, Vietnam.

Bank Negara Malaysia (BNM) has decided to keep the overnight policy rate (OPR) at 3%, amid robust domestic demand supported by strong labour market conditions.

The real estate industry must recognise that building trust requires adherence to promised features. Honesty during advertising, consistent communication during construction, and stringent quality checks can serve as remedies to this situation.

The Real Estate and Housing Developers’ Association (REHDA) Malaysia welcomes the proposal by Minister of Local Government Development (KPKT), Nga Kor Ming to introduce an Act to oversee urban regeneration efforts in the country.

Noteworthy:

• Leasehold
• Built-up size: 3,300 sq ft
• Land size: 1,650 sq ft
• 5 bedrooms, 5 bathrooms
• Semi-furnished
• Nearby amenities: Convenience stores, schools, F&B outlets, Mines Shopping Mall, South City Plaza, Pavilion Bukit Jalil, LRT Awan Besar, LRT Bukit Jalil
• Accessibility: KESAS highway, NPE highway

When: March 2023

Paramount Corp Bhd said it expects to report stronger earnings for the second half ending Dec 31, 2023 (2HFY2023), driven by new launches and ongoing efforts to improve its return on assets.

Eco World Development Group Berhad has entered into a conditional sale and purchase agreement with IOI Prima Property Sdn Bhd to acquire 403.78 acres of land located in Mukim Senai, Daerah Kulai, Negeri Johor for a purchase consideration of RM211.065 million to be settled in cash.

Tropicana Metropark has rolled out its SouthPlace 2 Shoppes & Residences at Subang Jaya, an 88-acre master development by Tropicana Corp Bhd, which will also be home to the upscale supermarket Mercato.

Noteworthy:

• Freehold
• Built-up size: 5,575 sq ft
• Land size:  4,800 sq ft
• 4 bedrooms, 4 bathrooms
• Semi-furnished
• Nearby amenities: Convenience stores, F&B outlets, IOI City Mall, Alamanda Shopping Centre
• Accessibility: Kajang SILK highway, Kajang-Seremban highway, EKVE highway

When: June 2023