Currently, the Strata Management Act 2013 requires full consent from all strata owners before redevelopment can proceed, a requirement Nga described as "unreasonable and against public interest", especially for areas that are no longer safe to live in.

While acknowledging the rationale behind safeguarding the retirement savings of foreign workers, the association said the proposal will have significant cost implications, especially for the construction sector.

The build and lease agreement was signed between the company’s wholly owned subsidiary, Projek Tetap Teguh Sdn Bhd and a multinational corporation semiconductor maker based in Penang.

For 1QFY2025, the REIT declared a distribution of 1.52 sen per unit, slightly lower than the 1.55 sen per unit declared a year ago.

The escalating frequency of floods in Malaysia has become a pressing concern for both residents and policymakers.

Shares of Malaysian construction companies slipped on Monday, as the government refrained from announcing new mega infrastructure projects in Budget 2025.

While the newly announced Budget 2025 is not a “property budget”, property consultants applaud the introduction of tax relief for housing loan interest payments up to RM7,000, which is expected to encourage first-time homeownership.

The Ministry of Housing and Local Government (KPKT) is grateful that 14 of its financial initiatives have been approved by Budget 2025

The National House Buyers Association (HBA) views the incentives announced in Budget 2025 on affordable housing and homeownership with high optimism and anticipation.

The Master Builders Association Malaysia (MBAM) has voiced concerns about supply chain and pricing trends for key construction materials as well as a potential rise in building costs in 2025, following the government's announcement of carbon tax and the removal of certain subsidies in Budget 2025 presented on Friday.