Trinity Group Sdn Bhd is looking to launch the RM568 million Trinity Sensoria, a new condominium project next to its Trinity Wellnessa in Taman Andaman Ukay, Ampang, on Nov 14.

In an interview with City & Country recently, group founder and managing director Datuk Neoh Soo ...

Trinity Group launching Trinity Sensoria this week

During an exclusive virtual interview with City & Country, founder and director of Kedah-based property developer Imperio Group, Lee Woei Nen, introduces himself as a kampung boy. One can see the nostalgia and pride in his demeanour as he reflects on his childhood in the lush landsca...

Raising the bar in Alor Setar’s premium landed residential sector

Adenland Group of Companies CEO Nicholas Chang recalls the moment he stood on a small hillock overlooking a lake on a former golf course in Kundang, Selangor, and feeling the stress leave his shoulders. That experience left an indelible mark, leading him to want to share it with everyone.

...

Cover Story: Building homes that connect with nature

When City & Country last caught up with TSLAW Land Sdn Bhd in early 2023, the company was preparing to launch Skyline Kuchai in Kuchai Lama, its second project in the transit-oriented development (TOD) Skyline series.

“As the boutique property arm of TSLAW Group, we pride o...

TSLAW Land unveils latest transit-oriented project in Jalan Ampang, KL

For the Nov 18 issue of City & Country, our cover story features Berjaya Hartanah Bhd, a wholly-owned subsidiary of Berjaya Land Bhd (KL:BJLAND), as it gets ready to launch Oaka Residences in Bukit Jalil, Kuala Lumpur on Nov 22.

Meeting the demand for upmarket living in Bukit Jalil

Since its soft launch in March 2023, CDB Arcadia Residences has achieved a 65% take-up rate. The serviced apartment with a gross development value (GDV) of RM245 million is developed by CDB Group Holdings Sdn Bhd through its wholly-owned subsidiary Saujana Permai Development Sdn Bhd.

CD...

CDB Arcadia Residences is 65% taken up

On Nov 11, the real estate industry will come together to celebrate the success of the country’s top-performing developers and their contributions to the nation at The Edge Malaysia Property Excellence Awards (TEPEA) 2024.

This is the 22nd instalment of TEPEA. Having started ou...

The Edge Malaysia Property Excellence Awards 2024 recognises industry’s crème de la crème

One cannot help but notice how the atmosphere shifts dramatically when turning from the bustling Jalan Lapangan Terbang Subang into Persiaran Golf in Saujana in Seksyen U2, Shah Alam, Selangor. The noise and chaos of the main road fade away, replaced by a soothing and tranquil environment.

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Cover Story: Saujana Development to enhance premium property landscape in Saujana

Adenland Group of Companies is planning a RM1.5 billion development in Kundang, Selangor, integrating the natural landscape of a former golf course. Its chief executive officer Nicholas Chang highlights preserving scenic features, such as lakes and mature trees, to enhance tranquillity. There will be residential and industrial properties developed over time. The first residential phase of Airria Plus will be unveiled on Nov 16 and offers energy-efficient homes starting from RM623,000, along with well thought out landscaping for residents to enjoy the outdoors and nature.

Respecting the land and environment

Real estate transparency is more critical than ever during periods of uncertainty. According to global real estate consulting firm JLL and its subsidiary LaSalle in the 2024 edition of the Global Real Estate Transparency Index report, the pace of structural changes impacting real estate markets —...

JLL: Real estate market transparency improves globally, Asia-Pacific shows greatest progress

Sabah’s residential property market saw improvement in 2Q2024, thanks to the higher volume and value of transactions compared with 12 months earlier.

“The state registered 1,297 residential transactions worth RM556.61 million in 2Q2024, with a year-on-year (y-o-y) growth of 8.26% [in vo...

 The Edge Malaysia/Rahim & Co Kota Kinabalu Housing Property Monitor 2Q2024: Continued growth despite slowed momentum

Since the opening up of the economy after the lifting of border controls enforced during the pandemic, Malaysia’s logistics warehousing sector has grown by leaps and bounds. The concern is whether there will be an oversupply of such facilities that the market cannot absorb. To help understand the...

Cover Story: Logistics warehousing holds steady despite imminent new supply

Majestic Gen Sdn Bhd (formerly Majestic Group) has soft-launched a serviced apartment, Gen Starz Residences, with a gross development value (GDV) of RM272 million in Old Klang Road (OKR), Kuala Lumpur on Oct 26.

This marks the company’s first project since its rebranding exercise this F...

Majestic Gen to launch Gen Starz Residences in Old Klang Road by 4Q2024

Deputy Works Minister Datuk Seri Ahmad Maslan said on Thursday that the implementation of the multi-lane free flow (MLFF) toll system is still under "heavy consideration" by the government.

Ahmad Maslan: RM3.5 bil multi-lane free flow project remains under 'heavy consideration' by govt

KUALA LUMPUR (Nov 21): The government’s firm stance in fighting corruption at all levels, including at grassroots, has not only improved the country’s image in terms of the Corruption Perceptions Index (CPI) but has also garnered international recognition, the Dewan Rakyat was told on Thursday.

PM: Qatar seeks Malaysia’s cooperation to design anti-corruption programme for Islamic countries

Fiamma Holdings Bhd (KL:FIAMMA) saw its net profit for the quarter ended Sept 30, 2024 (3QFY2024) decrease by 64.74% on a quarterly basis to RM4.04 million, as its profit before tax (PBT) declined 55.14% in the quarter due to losses at its property development segment.

Additionally, a net loss on the sales of other investments, compared to the net gain recorded in the previous quarter, further contributed to the lower PBT in the current quarter, said Fiamma in Bursa filing on Thursday.

Fiamma Holdings net profit falls 65% on a quarterly basis due to losses from property segment

Datasonic Group Bhd (KL:DSONIC) on Thursday proposed to amend its company constitution to ease the passage of a directors’ written resolution.

Datasonic proposes to amend company constitution to ease passage of resolutions

KUALA LUMPUR (Nov 21): Malaysia has called upon the International Monetary Fund (IMF) and World Trade Organisation (WTO) to reform the global financial architecture to support free trade without discrimination against smaller nations, said Prime Minister Datuk Seri Anwar Ibrahim.

PM: Malaysia proposes changes to global financial architecture for fair trade

Petronas and other stakeholders in Southeast Asia’s energy sector have declared that the sector can play a leading role in the region’s decarbonisation efforts by focusing on reducing methane emissions.

SE Asian energy sector stakeholders focus on reducing methane emissions

Automotive seat maker Feytech Holdings Bhd (KL:FEYTECH) has failed to buy a piece of land in the Klang Valley, resulting in a delay in the construction of its new corporate office with a manufacturing plant and warehouse.

Feytech delays construction of head office, manufacturing plant after land deal fails

A summary of how key Bursa Malaysia indices and the ringgit performed on Thursday.

FBM KLCI down 0.59% to 1,588.68 on Nov 21, 2024

Baidu Inc recorded its biggest revenue drop in more than two years after China’s economic malaise undermined its push into generative AI.

Chinese AI pioneer Baidu posts biggest sales fall since 2022

The Education Ministry (MOE) and the Ministry of Home Affairs must jointly establish a mechanism to resolve the issue of students from Sungai Golok in Thailand attending schools in Rantau Panjang, Kelantan Deputy Menteri Besar Datuk Dr Mohamed Fadzli Hassan said.

Kelantan urges joint action to resolve Golok students’ cross-border education issue

(Nov 21):&nbsp;Dyson Ltd&nbsp;is dialling back its hairdryer-related operations in Malaysia, according to people familiar with the matter who declined to be identified discussing matters that are private, as the consumer goods company seeks to streamline its business in the region.

Dyson dials back Malaysian hairdryer ops, redeploys staff in Johor — Bloomberg

Petronas Chemicals Group Bhd (KL:PCHEM) may be in for tougher days ahead following a massive paper loss that sent the company into the red for the first time ever and prompted analysts to cut their forecasts.

Petronas Chemicals' outlook gloomy, analysts warn amid mounting joint venture losses

Asian equities fell on Thursday after AI darling Nvidia disappointed investors with slower revenue growth expectations, while the dollar firmed and bitcoin hit a record high, buoyed by hopes about US President-elect Donald Trump's policies.

Asian stocks stutter as Nvidia's forecast disappoints

Indian billionaire Gautam Adani has been indicted by US prosecutors for his alleged role in a US$265 million scheme to bribe Indian officials, plunging his conglomerate deep into crisis for the second time in two years.

Indian tycoon Adani charged in US over US$265m bribery scheme, dismisses allegations as ‘baseless’ 

KUALA LUMPUR (Nov 21): Malaysia’s central bank made two unusual changes to the government bond auction calendar by rescheduling a tender set for this month, and scrapping another pencilled in for December.

BNM reschedules govt bond auction, scraps one issue in unusual move

KUALA LUMPUR (Nov 21): Shares of RCE Capital Bhd (KL:RCECAP) fell on Thursday after the company, which mainly provides financing to civil servants, reported weaker than expected quarterly results.

RCE Capital shares fall on Thursday after weaker than expected results

Nvidia forecast its slowest revenue growth in seven quarters on Wednesday, failing to meet lofty expectations of some investors who have made it the world's most valuable firm.

Nvidia's AI chip demand still booming but slowing sales growth worries investors

Property prices in Asia’s major markets are expected to rise over the next year with Hong Kong leading the projected gains, according to Bloomberg Intelligence.

Home prices set to rise in Hong Kong, Singapore, Australia in 2025

Starbucks Corp reduced its US retail workforce by 8% in its most recent fiscal year, even as the coffee chain added hundreds of new locations.&nbsp;

Starbucks shrank retail staff 8% despite hundreds of new stores

Starbucks Corp is exploring options for its Chinese operations including the possibility of selling a stake in the business, according to people with knowledge of the matter.

Starbucks said to consider selling stake in Chinese business

Shares of Adani Group companies lost about US$28 billion (RM125.3 billion) in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

India's Adani Group sees US$30b in value wiped off after US indictments 

Sime Darby Property Bhd (KL:SIMEPROP) on Thursday said that the company is seeking more assets that would generate recurring income for the real estate developer.

Sime Darby Property seeks more assets generating recurring income

PARAMARIBO (Nov 20): Suriname's state-run oil company Staatsolie said on Wednesday that US oil giant ExxonMobil has withdrawn from its offshore block 52, and block operator Petronas Suriname E&amp;P will take over its 50% stake.

Suriname’s Staatsolie says ExxonMobil has withdrawn from offshore block, Petronas’ unit to take over 50% stake

China's Huawei plans to start mass-producing its most advanced artificial intelligence chip in the first quarter of 2025, even as it struggles to make enough chips due to US restrictions, said two people familiar with the matter.

Huawei aims to mass-produce newest AI chip in early 2025, despite US curbs

Northern Solar Holdings Bhd has signed an underwriting agreement with M&amp;A Securities Sdn Bhd for its proposed initial public offering (IPO) on the ACE Market of Bursa Malaysia.

The solar energy firm said its IPO scheduled to take place in February 2025, entails a public issue of 67.3 million new shares and the sale of 35.6 million existing shares.

All in all, the listing would offer investors up to a 26% stake in the company.

Northern Solar Holdings signs underwriting agreement with M&A Securities

The Biden administration told Congress it plans to cancel US$4.65 billion (RM20.8 billion) in debt owed by Ukraine, according to a letter obtained by Bloomberg News, the latest in a series of moves meant to bolster support for Kyiv before President-elect Donald Trump takes office.

Biden administration seeks to cancel US$4.6b of Ukraine’s debt

The extended six-year contract signed between the government and Bestinet Sdn Bhd for the Foreign Worker Centralised Management System (FWCMS) could cost the government a minimum of RM3.2 billion, according to a report by the Public Accounts Committee (PAC).

Bestinet contract extension for foreign worker recruitment system could cost govt minimum of RM3.2b, says PAC

KUALA LUMPUR (Nov 21): Mah Sing Group Bhd (KL:MAHSING) has unveiled the sales gallery of its RM850-million M Aspira serviced-apartment project in Taman Desa, Kuala Lumpur on Wednesday (Nov 20).&nbsp;

Mah Sing unveils M Aspira sales gallery in Taman Desa

Bitcoin hit US$95,000 (RM425,030) for the first time as the digital-asset sector moves to cement its influence with Donald Trump by pushing for a new White House post dedicated to cryptocurrency policy.

Bitcoin climbs closer to US$100,000 on Trump’s support for crypto

KUALA LUMPUR (Nov 21): Analysts have raised their earnings forecasts and target prices on Hap Seng Plantations Holdings Bhd (KL:HSPLANT), after the plantation group outperformed market expectations in its latest quarterly results.

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