23/05/2026
This week's cover story in City & Country is about Melaka-based Teladan Group Bhd (KL:TELADAN), which is planning to move into the Klang Valley this year, after its expansion into Negeri Sembilan recently. Managing director Richard Teo and CEO Allan Ngu share that the development, called Stanum Residences, is located on a 4.9-acre land in Taman Sungai Besi Indah, Seri Kembangan. With a gross development value of RM535.4 million, the transit-oriented development will have 1,000 residential units and 21 shops.
The developer is targeting young professionals and first-time buyers, given the site’s proximity to public transport and established residential neighbourhoods.
The issue also features the 20th edition of real estate consultancy Knight Frank’s The Wealth Report, which reveals a persistent divergence between mainstream housing and the luxury real estate market. In 2025, global luxury residential property prices appreciated 3.2%, outpacing the 2.9% growth of the broader residential market.
Singapore-based hospitality company KiN Group is venturing into Malaysia with its first five-star property, after securing a long-lease agreement that will see it renovating and managing the existing 22-storey Maya Hotel in Jalan Ampang, Kuala Lumpur. The cost of the whole refurbishment exercise is upward of US$5 million (RM19.8 million) and will be done in stages to avoid disrupting hotel operations. The process will start in August and should be completed by the last quarter of this year.
On Australia’s Budget 2026/2027 announced on May 12, property experts familiar with the Australian market offer advice for what to do next for foreign investors.
Then, in presenting The Edge Malaysia | Olive Tree Property Consultants Johor Bahru Housing Property Monitor 1Q2026, Olive Tree Property Consultants (Johor) Sdn Bhd CEO Samuel Tan believes the Johor Bahru property market will face limited direct impact from the recent US-Iran tensions.
Nevertheless, the conflict could indirectly affect the sector through higher global oil prices, inflationary pressures and the possibility of prolonged higher interest rates, which may increase construction costs and compress development margins. However, he notes that the fundamentals of the city’s property market remain resilient, supported by strong domestic demand, Singapore-linked investments, and expanding activities in the industrial and data centre sectors.
