More Malaysian millennials are beginning to dip their toes into the property market and become prospective buyers. With their limited budget, only affordable properties are within their grasp. Horror stories of impulse buys and hidden costs aside, are high maintenance fees scaring them off.

The high vacancy rates and low rental returns experienced within the property market continues to plaque property owners.

Findings from the recently-concluded Malaysian Real Estate Convention (Marec) 2022 reveal that robust changes to the current real estate laws are needed to facilitate the profession’s growth.

Tropicana Aman, an 863-acre township by Tropicana Corporation Bhd (Tropicana), recorded a 100% take-up for Freesia Residences and Gemala Residences.

IPC Shopping Centre (IPC) has invested in new equipment and enhancements to improve its customers’ shopping experience to make it a preferred destination for shoppers and visitors.

Tropicana Corporation Bhd (Tropicana) is building a RM2.5mil Pantai Kok Rest and Recreation (R&R) centre in Langkawi as part of its environmental, social, and governance (ESG) activities.

MGB Bhd, a construction and property development solutions provider and a subsidiary of LBS Bina Group Bhd, has launched a RM680mil development in Kertih Terengganu Industrial Park (KTIP).

Sime Darby Property Bhd and the United Nations International Children’s Emergency Fund (Unicef) have launched Malaysia’s first inclusive playground, catering to the needs of children with disabilities.

There is no dispute that there are many property awards in Malaysia. These range from localised accolades to international ones. Deciding what awards to enter could be challenging but it is essential to weigh up the time and effort it would take to enter against the potential gains.

After nine months, local property awards pioneer International Real Estate Federation Malaysian Chapter (FIABCI-Malaysia) and Star Media Group (SMG) gave birth to the inaugural Malaysia Developer Awards (MDA).