Residential Development · 11 stories
News on residential property development in Malaysia — new high-rise and landed projects, launches and the developers behind them.
Paramount, Mitsui Fudosan in RM1.34b Jalan Ampang JV
Mitsui Fudosan will pay RM23.06m for 49% of the company holding Paramount's 3.7-acre freehold site off Jalan Ampang, bought from IOI Properties for RM257.9m.
GDB wins its biggest job: RM1.02b ParkCity Residences, KL
GDB will build ParkCity Residences, two towers with 433 homes in Desa ParkCity, for RM1.017b, then won an RM877m logistics hub job in Shah Alam.
Klang council’s dumpsite damages cut from RM117m to RM3m
The Court of Appeal cut what the Klang council owes developer NBC Land over a former dumpsite from RM117m to RM3m, and set aside nearly RM50m in interest.
KEB is buying 16 acres in four sites for RM78.5m
KEB is buying 16.09 acres in Cheras, Bangi, Kajang and Melaka Tengah for RM78.5m, about RM112 psf, with RM1b of possible development, TA Securities said.
Paramount previews 252 terraces at Cahaya SPK, Shah Alam
Paramount’s Sejati by the Lake has 252 two-storey terraces on 19.32 acres in Cahaya SPK, Shah Alam, from RM850,300, with a GDV of RM236.6m.
Taghill wins RM166m job for Exsim’s 493-unit Penang towers
Taghill will build two serviced-apartment towers with 493 units for Exsim Waterfront on Plot 4, George Town, from January 2027 to January 2029.
Paramount to build 350 homes at Butterworth’s Ujong Batu
Paramount will redevelop Kampung Ujong Batu, about 15.3 acres in Butterworth, with Penang’s housing board; phase 1 has 350 homes, 268 free for residents.
Paya Terubong landslide: developer told to map risky slopes
Penang’s city council has told the developer of a hillside condo project in Paya Terubong to report on its risky slopes after a landslide killed a doctor.
Scientex buys 503 acres in Pulai, Johor, at RM26.50 psf
Scientex is buying 502.6 acres of freehold land in Mukim Pulai, Johor, from a Leong Hup group company for RM580.2m, its fourth Pulai land purchase since 2017.
Mah Sing buys 14.38 acres freehold and leasehold land in Ampang for RM186.17mil for new M Araya Project
Mah Sing’s RM186.17 million Ampang land buy for its RM1.92 billion M Araya project breaks down into three parcels precise enough to show, in one transaction, exactly what the marke…
E&O and Majestic Gen to Buy Prime Jalan Kia Peng Site for RM189.9mil
An E&O-led joint venture with Majestic Gen is acquiring a 5,682 sq m freehold site on Jalan Kia Peng in the KLCC precinct for RM189.9mil — about RM3,100 psf — for a premium high-ri…
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