Property & Real Estate news in Malaysia
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Sabah government studies three sites for Kota Kinabalu central market relocation
The Sabah government is considering three locations to move the Kota Kinabalu central market out of the city centre. Chief Minister Datuk Hajiji Noor inspected two proposed sites along Likas Bay and near Alamesra, with a third in Darau, but said no final decision has been made. The new market is envisioned to include dry and wet sections, a cultural and tourism products centre, a hawkers centre and a fish wharf.
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ProtectKarpal urges Penang to reject 28ha Jelutong reclamation
The Protect Karpal Singh Drive Action Committee has urged the Penang government to reject a proposed 28ha reclamation at the Jelutong landfill, saying it exceeds the limits of the Joint Development Agreement. The group says the area grew from the 4ha stated in 2020 and wants authorities to approve only what is needed for perimeter rehabilitation.
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NBX launched in Kuching to support Sarawak Health Metropolis ecosystem
Northbank Business Exchange (NBX) was launched in Kuching as part of the Sarawak Health Metropolis development ecosystem. Sarawak Deputy Premier Datuk Amar Dr Sim Kui Hian said urban development must cover housing, business, education and healthcare, not housing alone. He described NBX as an example of the private sector complementing the Sarawak government's plans.
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Former tenant disputes RM250 lotion-mark charge at KL condominium
A former condominium tenant in Kuala Lumpur is disputing a RM250 charge for allegedly leaving a lotion mark inside a lift. She says she was fined RM200 plus a RM50 cleaning fee after the mark was left on July 17, and has referred the matter to Kuala Lumpur City Hall's Commissioner of Buildings after her appeal was rejected. Her former landlord is withholding her security deposit pending the outcome.
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Ibraco launches NorthBank Business Exchange in Kuching with ART and hospital links
Ibraco Bhd has launched the NorthBank Business Exchange (NBX) in Kuching, a mixed-use destination within the 123-acre NorthBank township. NBX will be connected to the SM07 NorthBank Ibraco ART station and the adjoining Regency Specialist Hospital Kuching via a dedicated SkyLink bridge, and will feature a neighbourhood mall, offices and over 1,000 basement parking bays.
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Lot 530 in Jalan Jati, KL up for tender at RM2,500 psf
An almost 11,000 sq ft freehold parcel known as Lot 530 in Jalan Jati, Kuala Lumpur, is being sold via tender with an asking price of about RM2,500 psf, or roughly RM27 million. The land sits near Bukit Bintang and TRX, and the tender closes on Sept 11.
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Kerjaya Prospek unit wins RM37.82m piling job for Penang affordable housing
Kerjaya Prospek (M) Sdn Bhd has accepted a RM37.82 million letter of award from Persada Mentari Sdn Bhd for piling and substructure works at an affordable housing project in Pulau Andaman, Penang. The contract covers a 38-storey block with 922 units and is scheduled to start on Oct 1 and finish within 24 months. The group expects the job to add revenue and strengthen its order book through 2028.
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Taylor's Assets and TrustCapital set up student housing investment platform
Taylor's Assets and TrustCapital have formed a joint venture to create a purpose-built student accommodation investment platform in Malaysia. The platform will acquire and develop student housing assets, with TrustCapital handling fundraising from institutional investors and Taylor's Assets managing design, development and operations. The partners cite rising student enrolment and the Malaysia Higher Education Blueprint 2026-2035, which targets 500,000 international students by 2035.
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86% of Malaysians weigh green features when buying a home, study finds
A PropertyGuru Malaysia study found that 86% of Malaysians consider sustainable features important when buying or renting a home, and 78% factor in climate risks such as flooding and landslides. The findings were highlighted at a PropertyGuru event in Semenyih.
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Tan & Tan to launch RM655m Aviera in Bangsar South in Q4 2026
Tan & Tan Developments Bhd will launch Aviera, a freehold transit-oriented development in Bangsar South, Kuala Lumpur, in the fourth quarter of 2026. The 3.5-acre project has a gross development value of RM655 million across two towers, Aviera Flex and Aviera Skye, with indicative pricing from RM326,000 and completion targeted for 2031.
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OCR Group launches RM344mil D'Templer Hilltop Residences in Templer, Selayang
OCR Group Berhad has launched D'Templer Hilltop Residences, a RM344 million freehold landed development in Templer, Selayang North, Selangor, comprising 52 semi-detached homes and nine bungalow lots. The project sits within the existing Dolomite Templer development, and OCR has spent about RM2.5 million upgrading the guardhouse, security, landscaping and infrastructure there.
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IJM Land launches Merione Residences in George Town
IJM Land Berhad launched Merione Residences, a 39-storey tower with 145 semi-furnished residential units, in George Town, Penang. The launch follows the success of Merione Grand, which saw 100 per cent bookings for its commercial units. The project sits next to the Tun Dr. Lim Chong Eu Expressway and connects to the Penang Bridge and Penang International Airport.
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Swiss-Grand Beach Resort Kuantan reopens after resort-wide overhaul
Swiss-Grand Beach Resort Kuantan, which first opened in 1998, has completed a full resort-wide overhaul that brings the Swiss-Grand brand to Malaysia for the first time. The property at Pantai Balok offers redesigned rooms of 40 to 72 sq m, sea or garden views, and dining at Garden Terrace, The Deli and The Blossom Chinese Restaurant.
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SkyAman 1 Residences launches in Cheras with 510 units across 50 storeys
SkyAman Development Sdn Bhd, a subsidiary of SkyWorld Development Berhad, has unveiled SkyAman 1 Residences, a 50-storey condominium with 510 units in Cheras, Kuala Lumpur. The 3- and 4-bedroom homes measure 1,097 to 1,548 sq ft on 99-year leasehold, with completion expected in September 2029.
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Businesswoman says she was duped into buying Bumiputera-quota shop lots in Damansara
A woman in her 60s claims she was misled by a developer into buying two commercial shop lots in Damansara in 2010 that were actually Bumiputera-quota units. The status only surfaced when she tried to sell the premises, and she now faces a transfer penalty to the Selangor state government. MCA and SOAM are pressing for an investigation under Section 420 of the Penal Code.
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Tawau landowners told to consult authorities before selling lot lidi plots
A Kalabakan MP has urged landowners in Tawau to consult local authorities before selling land as lot lidi plots, warning that new settlements could strain infrastructure in Pasir Putih. He also wants a proposed bridge linking Pasir Putih and Tanjung Batu Laut expedited and included in the 13th Malaysia Plan.
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Kenyalang Smart City in Miri courts Norway for new growth corridor
Kenyalang Smart City (KSC) in Senadin, Miri, is seeking Norwegian involvement in its RM10.5 billion, 548-acre smart-city development. Imasa Dinasti Sdn Bhd chairman Ar. Teo Ah Khing met Norwegian Ambassador to Malaysia and Brunei Marianne Fosland at the Royal Norwegian Embassy in Kuala Lumpur to discuss cooperation in technology, sustainability and regional connectivity. The move follows a July Memorandum of Understanding with Muara Port Company to link KSC with Muara Port in Brunei.
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AME Elite buys 176 acres in Pontian for i-Park project
AME Elite Consortium Bhd is acquiring 176.45 acres of freehold agricultural land in Jeram Batu, Pontian, Johor, for RM199.8 million from Hak Soon Seng Plantation (M). RHB Research maintained its BUY call and raised its target price to RM2.33, saying the site could become another i-Park industrial development benefiting from the Johor-Singapore Special Economic Zone. The acquisition, funded internally, is expected to complete in the first half of 2027.
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Global real estate investment up 13% in Q2 2026, Savills reports
Global real estate investment volumes rose 13% year-on-year to US$250 billion in the second quarter of 2026, according to Savills. Asia-Pacific transactions reached US$46 billion, up 18%, with cross-border investment increasing to 35% of acquisitions. The recovery is driven by selective investors focusing on resilient assets.
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InterContinental to open first Malaysian resort in Teluk Bahang, Penang in December 2026
InterContinental Hotels & Resorts will open its first resort in Malaysia at Teluk Bahang, Penang, in December 2026. The 348-room property on the island's western coast will feature four restaurants and bars, a spa, family facilities and event spaces. It marks the brand's first resort format in the country.
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More Singapore residents live alone as singles and seniors seek own homes
A growing share of Singapore households hold only one person, from young singles buying their first home to seniors ageing on their own. A 32-year-old used an inheritance to buy a condominium after years of waiting, while a 71-year-old divorcee stretches his CPF payout across rent and food in a rental flat. Experts say housing, caregiving and social connection need rethinking to fit their needs.
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12 primary schools to reserve 30 Phase 2C places for children living beyond 2km
From the 2027 Primary 1 registration exercise, 12 popular primary schools in Singapore will adopt a two-track Phase 2C system, reserving 30 places for children living within 2km and 30 for those living farther away. Property analysts say parents may widen their home search, though demand near these schools is expected to stay firm. The schools were chosen because public housing makes up less than 40 per cent of homes within 2km of them.
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Southern Score wins RM180mil contract to build private hospital in Bukit Katil
Southern Score Builders Bhd has secured a RM180 million contract for the main building works of a private hospital in Bukit Katil, Melaka. Work starts on Oct 15, 2026 and is targeted for completion on May 14, 2028, covering a seven-storey hospital, a three-storey car park and supporting facilities. The deal is a related-party transaction involving Radium Development Bhd, the ultimate holding company of Radium Hospital Ayer Keroh Sdn Bhd.
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Malaysia's new housing policy: loan guarantee for first-time buyers without payslips
Under Malaysia's National Housing Policy 2026-2035, the Housing Loan Guarantee Scheme (SJKP) will help first-time homebuyers without stable income or payslips, said Zulkifli Sulaiman, deputy secretary of the Housing and Local Government Ministry. Launched on August 10 by Minister Nga Kor Ming, the policy includes six focus areas, 17 strategies and 59 initiatives. It also covers measures to resolve strata management issues.