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Naza unfazed by current oversupply of office space
BY Roznah Abdul Jabbar The concern about oversupply of office space in the city and whether that will affect the sale of new office projects will always be there but there are ways to address it, according to Naza TTDI Sdn Bhd’s deputy executive chairman and group managing director... Read more
Johor: New devt charge on the cards
The Johor state government plans to impose a development charge on property projects carried out here. Bernama reported, it would be levied on the applicant if a development project was approved for conversion of land use, which changed the floor area, compactness and density, and thus would raise its... Read more
BTS could solve issues of abandoned housing
One of the biggest challenges faced in the property industry today is the issue of abandoned housing projects, and the Build-Then-Sell (BTS) scheme could help in handling it, said Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar. Speaking at the opening ceremony of Malaysia Property Exposition... Read more
Mapex does its bit to promote home ownership
The Malaysia Property Exposition (Mapex), deemed one of the most well-known property expositions locally, made its final series in Klang Valley from Oct 21-23 at the Mid Valley Exhibition Centre. Themed “Home Ownership Through Smart Financing”, Mapex 2016 features various property selections and attractive financing packages, said Datuk Ng... Read more
Mixed responses from property players
BY Roznah Abdul Jabbar Property industry stakeholders’ responses to Budget 2017 announced by Prime Minister Datuk Seri Mohd Najib Razak have been mixed. According to the research division of Public Investment Bank Bhd, property-related wish lists were totally ignored with matters made worse by the 1 per cent increase... Read more
KSKʼs 8 Conlay unveils never-before features
BY Roznah Abdul Jabbar KSK Land Sdn Bhd, a wholly-owned subsidiary of KSK Group Bhd, is promoting its unique selling propositions at the 4-acre freehold mixed development, the 8 Conlay, in Kuala Lumpur. Located on Jalan Conlay, it will comprise three towers each housing serviced apartments, serviced residences and... Read more
‘Strong man’ Philippines beckons international investors
With the Philippines no more the “sick man of Asia” and instead a “strong man” now, high-end resorts are mushrooming on its islands to meet the burgeoning demand of holidaymakers and international investors. These 7,000 islands provide a breathtaking paradise of sandy beaches, lush vegetation and azure waters teeming... Read more
Naza unveils KL Metropolis show gallery
To give the public a window into the up-and-coming 75-acre KL Metropolis project, Developer Naza TTDI Sdn Bhd launched its KL Metropolis show gallery at Naza Tower in Platinum Park earlier this week. The 14,000sq ft gallery not only offers a glimpse into future development plans at the site... Read more
Rise of ‘18-hour’ cities in US
A recent report on emerging real estate trends in the United States and Canada, by the Urban Land Institute (ULI) and professional services firm PricewaterhouseCoopers, says “18-hour” cities are becoming magnets for investors. There is now the rise of such smaller cities or second-tier cities that have evolved into... Read more
Pivoting towards a rental market?
BY Chris Prasad Rapid development has made Malaysia a nation that is somewhat obsessed with homeownership. The heyday of double-digit economic growth contributed to a robust appetite for property buying, which could almost be compared to the “land rush” years in the American Wild West. However, it has also... Read more