In-depth reporting on Malaysia and the region.
Boustead Holdings plans to nearly triple its revenue to RM30 billion within five years, pivoting towards defence manufacturing, property development and commercial services under a major corporate transformation.
Selangor's housing committee says just two Rumah Selangorku projects are delayed, while 167 schemes totalling 52,750 units have been completed. The state plans to improve transparency through enhanced dashboards.
Malaysia's Ministry of Housing has identified 303 'sick' private housing projects valued at RM40.25 billion as of June, with 100 confirmed abandoned. Selangor faces the worst situation with 41 abandoned projects.
Pakatan Harapan's Ahmad Faez Abdul Razak, making his electoral debut in Labu, vows to reconcile rapid development with residents' welfare, leveraging his property sector background and three years of constituency engagement.
Melaka's Chief Minister is pushing developers to install lifts in properties above two storeys, citing unsold inventory and accessibility concerns. The state also plans 38,440 affordable homes under its housing initiative.
Property developer CHGP is acquiring a strategically positioned freehold site in Kuala Lumpur's KLCC area for RM455 million, aiming to expand its landbank and develop a mixed-use project on the premium commercial location.
Kuala Lumpur City Hall has extended the submission deadline for amendments to the Kuala Lumpur Local Plan 2040 to August 7 at 5 pm, allowing property owners and developers additional preparation time.