IJM is the first publicly listed company in Malaysia to introduce Facebook at Work among its employees.

Tan & Tan Developments Bhd’s Desa Kudalari condominium – Malaysia’s first condominium when it was completed over 30 years ago – may break new ground once more as it is likely to become the country’s first strata property to be sold on an en-masse basis.

AmInvestment Bank said it does not preclude the possibility of seeing Peninsular-based contractors being invited to set up joint ventures (JVs) to bid for jobs, after The Edge Weekly reported that UEM Group Bhd, MMC Corp Bhd and Warisan Tarang Construction Sdn Bhd are teaming up for the Sabah portion of the Pan Borneo Highway.

Dissatisfaction over expensive home prices has been escalating in Malaysia in recent years, with prices now reportedly beyond the reach of an average worker in key states like Kuala Lumpur and Penang. The situation, as many have lamented, is also not helped by the government’s move towards rationalising subsidies and the introduction of the goods and services tax last year.

Malaysian Resources Corp Bhd (MRCB)’s Penang Sky Cab, a 4.8km cable car system first mooted by the state government in March last year to connect mainland Penang in Butterworth and Jelutong in Penang Island, is expected to begin construction in the first quarter of 2018 (1Q2018).

The shift of focus to affordable housing below the RM500,000 per unit range, which has been seeing more resilient demand than higher-end properties, may strain the margins of developers, especially those who are not traditionally involved in this housing category, said Kenanga Investment Bank.

The houses – located in IJM Land Bhd’s Bandar Rimbayu near Kota Kemuning in Telok Panglima Garang, Klang – have built-ups of between 1,751 sq ft and 2,021 sq ft and land area of 20t by 70ft, and are priced from RM625,000, or RM356 psf.

The 72-acre project will be developed over 10 years and comprise 7,800 apartments across 15 blocks and an integrated commercial component.

In light of high loan rejection rates experienced by many homebuyers recently, Huttons One World Sdn Bhd real estate group executive director Daniel Goh said it is likely because youths may be focusing too much on getting their dream home in the perfect location when they should be focusing on getting their house loans approved first.

Sunway Hotels & Resorts, the hospitality arm of property-construction conglomerate Sunway Group, will invest RM875 million to facilitate the redevelopment and expansion of its hotels across Malaysia, Cambodia and Vietnam.