2023 property news recap
Throughout 2023, EdgeProp has delivered numerous industry stories to ensure you stay well-versed and empowered in navigating the property landscape.
Revamped MM2H programme to have ‘three tiers’
The minimum age requirement of the revamped MM2H has also been been lowered to 30 years, together with an expanded list of eligible dependents.
Nga: Mandatory energy audit a push towards green building compliance
“Greening the buildings in Malaysia with the Energy Efficiency and Conservation Act 2023 will need to move to a whole-of-nation approach to reduce our greenhouse gas emissions by 45% across the economy by 2030, and to reach net-zero emissions by 2050.
Al-‘Aqar to dispose of Australia Jeta Gardens Aged Care Facility for A$24mil cash
The divestment, it said, is driven by the shift from residential aged care to home care since 2019, which has resulted in its facility market value declining by one-third to A$27.
SCIB enters into MOU to develop residential project in Bintulu
The group’s wholly owned subsidiary SCIB Properties Sdn Bhd inked the MOU with Kemena City Development Sdn Bhd and Smart Borneo Properties Sdn Bhd.
CapitaLand Malaysia Trust converts RM693 mil loan from CIMB into a sustainability-linked loan for funding of Penang mall buy
CapitaLand Malaysia said the facility marks its largest loan facility to-date and is linked to the sustainability performance targets of Queensbay Mall.
KPKT proposes 75% consent threshold for en-bloc sales for urban redevelopment
KPKT is also proposing a consent threshold of a simple majority, which is 51% for abandoned projects to be redeveloped.
Abang Jo’s son Abang Abdillah resigns as SCIB executive chairman; Zaini Jass named new non-executive chairman
Separately, SCIB announced a slew of changes in its boardroom, including the resignation of independent and non-executive directors Shamsul Anuar Ahamad Ibrahim and Toh Beng Suan, to be replaced by Datuk Tan Bok Koon (independent and non-executive director) and Chiew Jong Wei (executive director).
PR1MA seeks collaboration with Abu Dhabi energy company to develop sustainable homes and communities
The intended partnership will look to develop PR1MA’s capabilities to drive the environmental, social, and governance (ESG) and clean energy agendas in PR1MA developments and communities.
DONE DEAL: Terrace house, Jalan Klang Lama, Kuala Lumpur
DONE DEAL: Condominium, Seringin Residences, Kuala Lumpur DONE DEAL: Terrace house, Rymba Gardens Jade Hills, Selangor Situated at Jalan Hujan Emas, a charming thoroughfare nestled in Jalan Klang Lama, is a street that beckons with a unique blend of tranquillity and urban allure.
