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Singapore’s private home prices rose in 3Q17 for the first time in four years, ending a stretch of 15 consecutive quarters of decline. The private residential property index rose 0.5% to 137.3 in 3Q17, after easing 0.1% in 2Q17. The rise in private home prices marked the first quarter-on-quarter increase since 3Q13, when the private…

Four initiatives will be launched on October 7, 2017 and include a Bus Rapid Transit project spanning 51km and costing RM1 billion for Iskandar Malaysia, four People’s Housing Project in Johor, the Johor Skills Development Master Plan and Johor Sustainability Policy 2017-2021. (NST, 6/10/2017)

The High Speed Rail to link Malaysia and Singapore is on track after Singapore’s parliament introduced a bill on October 4, 2017 to support the mega project. The bill showed proof that the project was progressing according to schedule. (NST, 6/10/2017)

IKEA Tebrau will open on November 16, 2017, becoming the Swedish affordable furniture’s first store in Malaysia’s southern region and the largest one in Southeast Asia. The 502,815 sq. ft. store has indoor and outdoor carparks with 1,771 parking bays, including electric car charging stations. The store comprises all customary features of an IKEA store…

AirAsia Bhd will add two more Airbus A320 aircraft at Senai International Airport by the end of 2017 as part of a long term growth to develop Johor as an aviation hub. Presently the airline flies from Johor Baru to Kuala Lumpur, Penang, Kuala Terengganu, Langkawi, Sibu, Tawau, Kuching, Miri and Kota Kinabalu for domestic…

The Malaysia government has allocated RM365 million to build an endocrine hospital complex to cater for the growing number of patients. The complex construction of which started in early 2017, will provide medical and surgical services and a research and training centre when it is ready by 2020. The 10 storey building will be equipped…

Ampang Jaya Municipal Council is in the midst of selecting a consultant to go ahead with the construction of a RM25 million convention centre, despite objections from residents. The convention centre will be able seat up to 1,000 people. It will be built on 3.5 acres of government land reserved for public use along Jalan…

Malaysia’s first Hyatt House hotel, a brand of Hyatt Hotels Corporation located in Mont’Kiara, will open on April 1 2018. The four-star upscale residentially inspired Hyatt House, which is part of Arcoris Mont’Kiara, a development by UEM Sunrise Bhd, will feature 298 guestrooms, restaurants, 3,100 sq. ft. of meeting space, a fitness centre and a…

Malaysia is on track to achieve medical tourism revenue of RM1.15 billion by the end of 2017. In 2011, 643,000 of overseas visitors travelled to Malaysia for medical purposes. The number increased to 921,000 in 2016, with the revenue growing by more than 10% per annum. (The Malaysian Reserve, 3/10/2017)

Talam Transform Bhd has been awarded a RM36.55 million construction contract from Project Alam 2012 Sdn Bhd. The contract is to undertake the construction and completion of 24 units of two storey semi-detached factories, 14 units of three storey semi-detached factories and two Tenaga Nasional Bhd electric sub-stations in Dengkil, Selangor. The development period for…

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Jones Lang Wootton