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Thai authorities arrested 13 foreign nationals in Hua Hin during raids targeting companies suspected of using Thai nominees to circumvent property ownership laws. The operation represents the sixth phase of a nationwide crackdown covering properties valued at over 2.5 billion baht.
A Kuala Lumpur Sessions Court has ruled that businessman Datuk Seri Adenan Abu, popularly known as 'Datuk Red', must pay RM1.57 million to 17 land buyers in a civil dispute involving property in Sungai Semungkis, Hulu Langat.
Malaysian authorities have charged 159 Chinese nationals in connection with an alleged fraud scheme linked to Forest City development. The individuals also face charges for entering the country illegally.
A Malaysian court has rejected a RM110 million lawsuit filed by a Chinese businessman against a property developer and marketing firm over 51 luxury residential units he claimed were misrepresented for hotel-style accommodation purposes.
The real estate and housing developers' association has appointed a new leadership team headed by Zaini Yusoff from S P Setia, promising to build on progress made by the outgoing president.
Malaysia has 32,800 completed residential units worth RM16.37 billion sitting unsold as of Q1 2024. The housing crisis extends beyond affordable housing to all price segments, with the government implementing a new national housing policy to address supply-demand mismatches.