After spending decades establishing townships such as Mutiara Damansara and Mutiara Hills in Selangor as well as Mutiara Rini in Skudai, Johor, Boustead Properties Bhd is now looking to elevate them — starting with the regeneration of Mutiara Damansara.

Mutiara Damansara, which spans 35...

Cover Story: Boustead Properties to unveil The Lines in Mutiara Damansara in 3Q2024

Rehda Youth, the youth division of the Real Estate and Housing Developers’ Association Malaysia, organised a study tour of six sites in Penang last August.

Among them were PKT Logistics Group’s One Auto Hub, an integrated logistics hub in Batu Kawan, and Paramit Malaysia Sdn Bhd’s manuf...

Getting up to date on Penang’s real estate industry on Rehda Youth tour

In the May 6 issues of City & Country, the cover story features Eastern & Oriental Bhd’s (E&O) Andaman Island in Penang. The reclaimed island project is taking shape and will come in two phases. Phase one covers 253 acres, while phase two will cover 507 acres. Reclamation work for phase one started in 2015 and was completed in December 2019. Work on phase two is ongoing, with the entire reclamation exercise set to be completed by December 2028.

Developing community living sustainably

The Klang Valley residential property market saw more completions but slower transaction activities on a quarter-on-quarter (q-o-q) basis in 4Q2023, according to Savills Malaysia director of research and consultancy Fong Kean Hwa, in presenting The Edge Malaysia | Savills Klang Valley Re...

The Edge Malaysia | Savills Klang Valley Residential Property Monitor 4Q2023: More residential properties completed during the quarter

Housing affordability remains a key concern among Malaysians, and property development and construction industries have been addressing the issue to make homes affordable for more people.

In providing affordable homes, Sabah-based contractor and property developer KTI Landmark Bhd does ...

Cover Story: KTI  Landmark charts new horizons with ACE Market listing

Phase 1 of Ridge View @ Puchong, which was launched on March 1, has achieved a take-up rate of 65%. IJM Land Bhd senior general manager (central region) Chai Kian Soon says the 25-acre development will have six phases in total — offering 110 units of 2-storey linked villas and 82 units of 3-store...

IJM Land’s Ridge View @ Puchong first phase 65% sold

Gadang Land Sdn Bhd, the property development arm of Gadang Holdings Bhd, is planning to launch the third phase of its Laman Citra landed homes development in Pekan Nanas, Johor, in June.

Gadang Land head of finance and sales Kok Pei Shing tells City & Country in an email i...

Gadang Land to launch third phase of Laman Citra landed homes in Johor

Boustead Properties Bhd will unveil its latest transit-oriented development in Mutiara Damansara in the third quarter of 2024 (3Q2024). A redevelopment project of the eCurve mall, which began operating in 2006 and was closed in 2021, The Lines will be part of the developer’s efforts to elevate the neighbourhood through the Mutiara Damansara revitalisation plan. The overall plan will take about 10 to 15 years to complete with an estimated gross development value of RM8.9 billion.

Reimagining Mutiara Damansara

In Jalan Rotan in Kampung Attap, Kuala Lumpur, there is a light yellow building with beautiful graffiti art on one wall. Built in 1912 by influential business tycoon Loke Yew, it was restored in recent years and is now the office of master planning, architecture and landscape design consultancy P...

Designworks: Preserving space and land for posterity

While continuous growth is essential for a company to survive in the highly competitive property development industry, staying focused and establishing a clear market position are key to distinguishing itself from the others.

“When I first started in the property industry about 20 years...

Cover Story: Staying focused on affordable residential market

With the real estate market recovering from the Covid-19 pandemic and on a positive growth trajectory over the past couple of years, CBRE observes that Asia-Pacific has shown improving leasing sentiments amid an uptick in enquiries and inspections for office, retail and industrial spaces.

...

CBRE: Asia-Pacific’s leasing sentiment improves amid increasing enquiries

With four decades of experience, Sabah-based contractor and property developer KTI Landmark Bhd is ready to embark on a new chapter by listing on the ACE Market of Bursa Securities.

Embarking on a journey of growth

Cities are facing a growing number of crises that cannot be resolved by traditional means. These include the challenges of coexisting with significant cultural differences and diversity, developing the sustainability agenda and discovering the city’s role and purpose on an economic, cultural and ...

Shaping Kuala Lumpur into a creative city

Sunway Property, the property arm of Sunway Bhd, will hold a preview of the RM1.8 billion Sunway Velocity 3 by the end of this month.

The project, which is the latest phase in the integrated development of Sunway Velocity Kuala Lumpur, will be a serviced residence with co-living-ready f...

Sunway Property to preview Sunway Velocity 3 this month

The US has revoked licences that allowed companies including Intel and Qualcomm to ship chips used for laptops and handsets to sanctioned Chinese telecoms equipment maker Huawei Technologies, three people familiar with the matter said.

US revokes Intel, Qualcomm's export licences to sell to China's Huawei — Reuters

KUALA LUMPUR (May 8): Shares of Bursa Malaysia Bhd (KL:BURSA) extended their gain on Wednesday, after MIDF said it foresees a good prospect for trading activities on Bursa Malaysia Securities Bhd this year, as Malaysian stocks hit a historical high of RM2 trillion in market capitalisation on Tuesday (May 7).

Bursa Malaysia shares rise as MIDF sees better prospects on local trading

The Bank of Japan (BOJ) may take monetary policy action if yen falls affect prices significantly, governor Kazuo Ueda said on Wednesday, offering the strongest hint to date the currency's relentless declines could trigger another interest rate hike.

Bank of Japan issues stronger warning over yen's impact on policy

Karpowership, a Turkish operator of floating power plants, is keen on collaboration opportunities in Sabah to fulfil the state’s power needs, said its Asia commercial operations director Tolga Bayav.

Turkish company Karpowership eyes investment in Sabah’s power sector

Shares in Sime Darby Plantation Bhd [KL: SIMEPLT] rose to their highest in two years following its announcement to develop the Tali Ayer estate in Perak into a green industrial park.

Sime Darby Plantation shares surge to a two-year high following proposed solar project in Perak

KUALA LUMPUR (May 8): Petronas Dagangan Bhd (KL:PETDAG) faces a threat from Saudi Aramco’s possible entry into Malaysia’s fuel retailing market, on top of the impending withdrawal of fuel subsidies, CGS International warned.

Petronas Dagangan faces twin share de-rating threats — CGS

The Perikatan Nasional’s (PN) statement that it will file a petition in the Election Court if Pakatan Harapan (PH) wins the Kuala Kubu Baharu state by-election was clearly issued to intimidate voters, said PH youth information chief Ammar Atan.

KKB polls: PN's statement to file petition clearly to intimidate voters — PH Youth

PKR Wanita aims to train 100 women under the Women's School (Swan) programme, a platform for education in democracy, politics, and social issues to cultivate future leaders, said its chief Fadhlina Sidek.

PKR Wanita aims to train 100 women at Swan

Singapore's United Overseas Bank (UOB) posted a smaller-than-expected 2% drop in first-quarter profit on Wednesday and said it was confident of preventing further declines in its net interest margin.

UOB posts small drop in quarterly profit, confident of maintaining key margin level

Singapore's central bank is following up with DBS Bank, the banking arm of DBS Group, to identify the root cause of recent disruptions to its internet banking and payment services and address it effectively, The Strait Times reported.

Singapore's central bank asks DBS to identify reasons for disruptions, Strait Times reports

Former prime minister Tan Sri Muhyiddin Yassin has been granted a temporary release of his passport to visit a sick family member in Australia.

Sessions Court judge Azura Alwi allowed the Bersatu chief's application and ordered the travel document to be released on Wednesday and for it to be returned to the court on May 28.

Muhyiddin gets temporary release of passport to visit sick family member abroad

Shares in low-cost aviation operators Capital A Bhd (KL:CAPITALA) and AirAsia X Bhd (KL:AAX) rose in early trade on Wednesday, tracking gains at the broader market.

Capital A and AAX active, advance in post merger trade

Global sales of semiconductors jumped 15.2% year-on-year (y-o-y) to US$137.7 billion (RM653.24 billion) during the first quarter of 2024, according to the US-based Semiconductor Industry Association (SIA).

First-quarter global semicon sales jump 15.2% y-o-y to US$137.7b, says SIA 

Former National and Johor Darul Ta’zim (JDT) skipper Safiq Rahim became the third National footballer to be attacked within a week, although the JDT player’s attack seemed more of a warning than personal harm.

Two suspects on motorcycles break Safiq Rahim's car windscreen in third attack on footballers 

United Overseas Bank (M) Bhd (UOB Malaysia) has launched a programme to assist businesses in understanding and preparing for the European Union's (EU) carbon border adjustment mechanism (CBAM), a carbon border tax that is set to take effect in 2026 and affect some 75% of Malaysian exports to the region.

UOB Malaysia introduces masterclass to prepare businesses for EU’s carbon border tax

Shares of CTOS Digital Bhd (KL:CTOS) rose to their highest in nearly two months as analysts flagged a pickup in earnings ahead following the seasonally weaker first-quarter results.

CTOS rises to near two-month high; analysts see stronger quarters ahead

China has extended the visa-free policy for short-term visits to China for Malaysia and 11 other countries until the end of 2025, Xinhua reported, citing Chinese Foreign Ministry spokesperson Lin Jian.

China extends visa-free travel policy for Malaysia until end of 2025

The FBM KLCI was little changed in early trade on Wednesday although it held firm above the 1,600-point level.

KLCI little changed in early trade, hovers above 1,600 resistance level

The head of Saudi Arabia’s new investment fund for semiconductor and artificial intelligence (AI) technology said the country would divest from China if it were asked to do so by the US.

Saudi Arabia AI fund would divest from China if US asked, CEO says

The US has revoked licences that allowed companies including Intel and Qualcomm to ship chips used for laptops and handsets to sanctioned Chinese telecoms equipment maker Huawei Technologies, three people familiar with the matter said.

As Malaysia aims to achieve high-income status, it needs to improve its human capital outcomes to match those of high-income countries.

Aspiring to high-income status: Education matters

The S&amp;P 500 and Dow Jones Industrial Average both clung onto gains to ended slightly higher on Tuesday, extending recent winning streaks fueled by renewed expectations that the Federal Reserve (Fed) will cut interest rates this year.

S&P, Dow end slightly up, extend closing streaks despite Disney drag

Hospital operator IHH Healthcare Bhd (KL: IHH) on Wednesday said it has invested in Belun Technology Company Ltd that makes devices tackling sleep apnea and other sleep disorders.

IHH Healthcare invests in Belun Technology for devices to tackle sleep disorders

Shares in Sime Darby Plantation Bhd [KL: SIMEPLT] rose to their highest in two years following its announcement to develop the Tali Ayer estate in Perak into a green industrial park.

Wall Street pared earlier gains on Tuesday after equity markets elsewhere rallied as investors parsed when and by how much the Federal Reserve (Fed) cuts interest rates this year, while a resurgent dollar helped weaken the yen further.

Wall Street loses steam, dollar gains as investors mull rate cut timing

Australia said on Wednesday it would raise the amount of savings international students will need to get a visa and warned several colleges of fraudulent student recruitment practices, as part of efforts to rein in record migration.

Australia raises minimum savings for student visa, warns on fake recruitment

IJM Land Bhd has achieved 55% take-up rate for serviced apartment Daffodil Residency since its launch on March 1, according to a press statement on May 7.&nbsp;

IJM Land’s Daffodil Residency achieves 55% take-up rate 

KUALA LUMPUR (May 8): Petronas Dagangan Bhd (KL:PETDAG) faces a threat from Saudi Aramco’s possible entry into Malaysia’s fuel retailing market, on top of the impending withdrawal of fuel subsidies, CGS International warned.

Currency markets have started pricing in elevated foreign exchange volatility around the US vote on Nov 5, even with election day almost six months away.

US election risks are starting to show up in foreign exchange markets

Reddit Inc jumped more than 10% in extended trading after reporting quarterly sales that topped analysts’ estimates, impressing investors in its first results as a public company.

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