Parkway Life REIT to divest Malaysian property for RM20m
The property is currently Parkway Life Malaysia’s sole asset and contributes 0.
Malaysian Institute of Planners supports govt’s initiative to introduce Urban Renewal Act
While recognising the significant merits of the proposed Act in advancing urban renewal, MIP added that there “remains an opportunity to further enhance certain provisions to strengthen clarity, inclusivity, and practical applicability”.
Penang's Mutiara Line LRT project on track and on schedule, says project owner
Approval for advance works under Section 20A of Town and Country Planning Act 1976 was received on April 15, 2025, MRT Corp said in a Sunday statement.
Global pharma, AI firms potential early movers into Johor-Singapore SEZ, says IRDA director
Some prospective investors have made multiple visits and are exploring setting up integrated operations through the recently established Iskandar Malaysia Facilitation Centre, according to the Iskandar Regional Development Authority (IRDA).
Putrajaya orders temporary closure of KL Tower, says past concessionaire's stay 'unlawful'
In a statement, the ministry also said that the building will be temporarily closed starting Thursday “in the interest of visitor safety and comfort, and to provide space for the new management to carry out maintenance and improvement works”.
International Strata Symposium 2025: No perfect house, make use of defect liability period, says expert
“Make sure that what is advertised is already in the sale and purchase agreement (SPA).
International Strata Symposium 2025: New legislations in the works to regulate multiple-phase strata developments, says expert
“If you have multiple phases, there are still some issues and grey areas that need to be addressed … We’re seriously looking into it with the government now, hoping that [the old act will be] overhauled to address these issues, especially those concerning strata management,” Tan said.
KIP REIT to acquire RM118m worth of suburban retail assets, boosting portfolio to RM1.5b
The four properties are KIPMall Desa Coalfields in Kuala Selangor at RM62 million, the Lotus’s Indera Mahkota hypermarket in Kuantan at RM39 million, along with three units of double-storey shop offices worth RM12 million, and a double-storey commercial building worth RM5 million, also located in Kuantan.
National Housing Department aims for a workable Strata Management Act by 2026, says Jayaselan
Director-general Datuk Jayaselan K Navaratnam said one of the key changes will be to clearly separate the responsibilities between the Strata Titles Act 1985 (Act 318) and the Strata Management Act 2013 (Act 757), with the former focused on ownership and the latter on building management.
Sunway Hospitality Group appoints Alex Castaldi as CEO
Castaldi will also oversee Sunway Travel, which offers a wide range of services including corporate travel management, leisure travel packages, and tailored experiences.
