About 26% of Malaysian ultra high net worth individuals (UHNWIs) are considering changing domiciles – the second highest rate in the world after China, at slightly over 30% – said Knight Frank Malaysia managing director Sarkunan Subramaniam.

Property remains a hugely important element of Malaysian ultra high net worth individuals' (UHNWIs) investment portfolios despite the sharp decrease in the number of Malaysian UHNWIs, said independent global property consultancy Knight Frank.

Developer Kwasa Land Sdn Bhd, a unit of the Employees Provident Fund (EPF), has awarded a two-year RM268.9 million contract for common infrastructure works at its Kwasa Damansara township to construction and civil engineering works specialist, TSR Capital Bhd.

Sarawak Chief Minister Tan Sri Adenan Satem today announced that the state government had abolished payment of certain land quit rents.

Mah Sing Group Bhd, the country’s second-largest property developer by sales value, said it will discuss with Great Doctrine (M) Sdn Bhd to renegotiate the terms of the sale and purchase agreement (SPA) for the proposed acquisition of a 85.43-acre (34.57ha) piece of land in Sultan Salahuddin Abdul Aziz Shah (SSAAS) golf course in Shah Alam, Selangor, for RM327.48 million or RM88 per sq ft.

I-Bhd unveiled its high-end 8 Kia Peng residences – its first project outside its flagship 72-acre i-City “ultrapolis” development in Shah Alam – in the city centre, which has a gross development value (GDV) of RM1 billion.

The Malaysian Institute of Architects (PAM) president Mohd Zulhemlee urged the authorities to raise the passing rate of professional architecture courses to solve the shortage of architects.

Ikano Pte Ltd – which owns the IKEA franchise in Malaysia – will open its first store in Batu Kawan on Penang’s mainland in 3Q2018.

Property sales by developers listed on Bursa Malaysia are expected to be flat or slightly worse than 2015 this year, said CIMB analyst Saw Xiao Jun.

Property developers are expected to see more unsold residential units in 2016, as launches over the past two years are expected to come on stream, amid a slowdown in demand.