More turbulence ahead for KL luxe condos
By Roznah Abdul Jabbar The morbid outlook for high-end condominiums in Kuala Lumpur is expected to continue for most of this year, following an extremely sluggish performance in 2015. According to international real estate consultancy Knight Frank, the bleak performance is a direct result of prevailing cooling measures and... Read more
Challenging times for residential sector
Kuala Lumpur – The residential subsector of the property market is expected to face added challenges this year, according to research and consultancy firm CH Williams Talhar & Wong. After a persistently sluggish preceding year, low sentiments in the market have driven many property players to expect growth to... Read more
Mapex to run on ‘smart financing’ mantra
By Kent Tan Kuala Lumpur – The Malaysia Property Exposition (MAPEX) is back, and the first of a series of exhibitions planned for the year will be held at the traditional venue of Mid Valley Exhibition Centre from April 15-17. According to its organiser, the Real Estate and Housing... Read more
Big boys need a place to put toys
By Kent Tan Kuala Lumpur – Are you a middle-aged man with more space at home than you originally anticipated? Perhaps you married early and your children have left for college sooner than anticipated. Or maybe you have fewer children than you originally planned for, so now there are... Read more
Tribunal for strata grievances
By Roznah Abdul Jabbar KUALA LUMPUR — There are currently 15,000 stratified residential building developments in Peninsular Malaysia, which house approximately 30% of the country’s urban population. To handle the inevitable problems that come with strata living, the Urban Wellbeing, Housing and Local Government Ministry (KPKT) has enacted the Strata Management Act 2013 (SMA) or Act 757. Its minister Datuk... Read more
Rehda says new policy will impact real estate industry
The Real Estate and Housing Developers’ Association Malaysia (REHDA) were displeased by the sudden announcement by the Government on the hike in foreign workers levy. “The revised rate which results in a 100% increase for construction workers will definitely have adverse effects on the real estate industry which, at... Read more
Andaman forges ties with community via carnival
IPOH – Andaman Property Group is welcoming the Chinese New Year, the year of Fire Monkey with a carnival from Feb 9 to 11 at Upper East @ Tiger Lane Sales Gallery. Andaman’s managing director, Datuk Sri Dr Vincent Tiew said that the three-day carnival will provide a wide... Read more
M101 to add iconic attraction to KL skyline
KUALA LUMPUR – Standing out in a landscape of iconic towers can be a tall order for even the most innovative developers, but M101 Holdings Sdn Bhd is poised to make a name by taking the term “eye-catching” to a whole new level. In the recent unveiling of its... Read more
Tropicana Plaza sold for RM140 million
KUALA LUMPUR – Previously known as Dijaya Plaza Sdn Bhd, Tropicana Plaza Sdn Bhd, a wholly-owned subsidiary of Tropicana Corporation Bhd, has entered an agreement with Kenanga Investment Bank Bhd (KIBB) to sell its Dijaya Plaza Tower in Kuala Lumpur for a cash consideration of RM140 million. The asset... Read more
Self-rule for building managers?
By Roznah Abdul Jabbar KUALA LUMPUR — It is certainlyon the cards and it is in the process of becoming a reality, says Urban Wellbeing, Housing and Local Government (KPKT) Minister Datuk Abdul Rahman Dahlan. The practice of building management has thus far been under the thumb of the Board of Valuers and Estate Agents (BVAEA),... Read more