Malaysia’s property transaction value hit RM196.83 billion in 2023 — the highest ever recorded by the National Property Information Centre (Napic).

Malaysia’s auditor general on Wednesday flagged going concerns issues at two federal government agencies Federal Land Development Authority (Felda) and PR1MA Corp Malaysia.

Fajarbaru Builder Group Bhd has won a RM120.82 million contract to build a clubhouse and a driving range complex in Johor Bahru.

Nextgreen Global Bhd has proposed a private placement of up to 102.57 million shares, representing 10% of its issued share capital, to yet-to-be-identified third-party investors with the issue price to be determined later.

Noteworthy:

• Built-up size: 1,200 sq ft
• Freehold
• Fully furnished
• 2 bedrooms, 2 bathrooms
• Nearby amenities: TERKL, KLCC Park, Pavilion Bukit Bintang, Changkat Bukit Bintang, F&B outlets, Jalan Alor, Plaza Low Yat, Tung Shin Hospital, Raja Chulan Monorail station, Bukit Bintang MRT station, Dataran Merdeka, Central Market
• Accessibility: Jalan Raja Chulan, Jalan Pudu, Jalan Imbi, Jalan Sultan Ismail, MEX, Sungai Besi Expressway, AKLEH

When: November 2023

The proposed development are of a 1,000-acre Johor-Shenzhen Industrial Park in Ulu Sedili, together with a 50-acre Johor-Shenzhen Innovation Development Hub in Johor Bahru.

The real estate developer plans to launch projects worth RM2.4 billion in gross development value this year, including some delayed projects. 

PTSI is the owner and operator of the Encore Melaka theatre, which offers a 360-degree rotating platform and a seating capacity of approximately 2,000.

The new F&B tenants are Kenangan Coffee and Long John Silver’s that are expected to open in May and July, respectively.

“The 2023 AFFIN Power-Up Top Referral Programme is a testament to our commitment in acknowledging and appreciating the invaluable contribution of real estate agents and agencies to our mortgage business."