Forest City set to become an iconic urban area

The Forest City project in Johor is poised to be an iconic urban area in the world within 20 years, reported The Star. Notably, the project is expected to trigger significant changes in how development projects are carried out throughout the world, said Country Garden Holdings chairman Yeung Kwok Keung. He noted that the 1,740ha … Read more

Real estate sector investments dip by RM36.9 billion

For the first nine months of 2015, Malaysia attracted RM153.2 billion worth of investments in the manufacturing, services and primary sectors, reported New Straits Times Online. The figure, which came in lower compared to the RM180 billion posted over the same period last year, was primarily due to a significant decline in the approvals for … Read more

PR1MA Developers Not Exempted From Building Affordable Homes

NUSAJAYA: Developers undertaking the 1Malaysia Peoples Housing (PR1MA) projects are not exempted from the state’s mandatory requirement for developers to build affordable units under the Johor Affordable Homes programme. State Housing and Local Government committee chairman Datuk Abdul Latif Bandi said that developers were subjected to both the PR1MA Act 2012 as well as the … Read more