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Luxury property prices set to soar due to foreign demand

PETALING JAYA: Prices of high-end properties in Kuala Lumpur are expected to surge upward, no thanks to foreign buyers who are scooping up luxury homes, said Universiti Teknologi Malaysia property economics and finance associate professor Dr Muhammad Najib Razali. “As a consequence of this, Malaysians in the middle and upper-middle-income brackets will find it increasingly difficult to afford...

Super app for property sector in the works, set for launch by 2025

KUALA LUMPUR: Malaysia is developing a super app that allows potential homeowners or buyers to access data on developers and projects with the aim of enhancing ease of doing business and reducing property overhang, said Housing and Local Government Minister Nga Kor Ming. The system utilising big data analytics is expected to be launched by 2025 at the latest. “This will improve the ease of doing...

eCurve mall set for demolition

PETALING JAYA: A new residential project dubbed The Lines is set for construction at the site of the once-popular e-Curve mall in Mutiara Damansara, upon the latter’s demolition soon. According to the Business Times, the eCurve mall which first opened its doors in 2006, ceased operations in March 2021 in preparation for redevelopment. It is learnt that demolition is set to begin in the second quarter...

Pahang JBPM aiming to set up 12 more volunteer fire brigades

KUANTAN: The Pahang Malaysian Fire and Rescue Department (JBPM) is aiming to set up 12 more volunteer fire brigades (PBS) throughout the state, for faster response time. State Local Government, Housing, Environment and Green Technology Committee chairman Datuk Seri Johari Harun said the role of PBS is crucial in rural areas far away from regular fire stations. So far, there are 30 active PBS in the...

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