PETALING JAYA – While the government’s decision to drop six stations from the LRT3 may have caused a stir among the public, property consultants reckon the effects of the move is not significant and prices of properties along the scrapped stations will not tumble. To save costs, the line is…
KUALA LUMPUR – The 12-month grace period allowing practicing property managers without valuation credentials to register themselves with the government to gain official recognition should be removed as it is “arbitrary” and “irrational”, said a real estate industry leader. Malaysia Shopping Malls Association (PPK) president Tan Sri Teo Chiang Kok…
KUALA LUMPUR – Malaysia Shopping Malls Association (PPK) committee member for research YL Lum foresees that the calculation of share unit weightage in strata-titled properties will be the next ‘time bomb’ in property management. The calculations become even more complicated if the property comprises multiple elements, such as in the…
WHEN Prime Minister Tun Dr Mahathir Mohamad visits Beijing next month to meet with China’s President Xi Jinping, the two leaders are likely to resolve most of the contentious issues that threaten to undermine bilateral cooperation. The pair, who share the same goal to rid their countries of corruption, are…
THE Shah Alam City Council’s (MBSA) amended guidelines for the gated-and-guarded scheme is aimed at streamlining the process and avoiding confusion. The amended guidelines are based on the state government’s recommendations, which were sent to 12 local councils. Shah Alam city councillor Foong Saik Hoong said the guidelines were meant…
BEING a uniquely beautiful city with its own charm, Ipoh has also attracted researchers and experts in the field of retirement living. They were “swept away” in their recent study on Ipoh being a retirement destination for foreigners. They all agreed that Ipoh is an ideal place for Asian senior…
KUALA LUMPUR – Plantation and property conglomerate Hap Seng Consolidated Bhd is eyeing the launch of property developments with a gross development value (GDV) of approximately RM1.3 billion this year. The group believes demand will remain strong particularly for affordable housing, in the peninsular and East Malaysia, Hap Seng group…
KUALA LUMPUR – Three Chinese enterprises have invested RM1.2 billion in Malaysia in the first week following the formation of the new government led by Prime Minister Tun Dr Mahathir Mohamad, said Chinese Ambassador to Malaysia, Bai Tian. He said this was a reflection of Chinese enterprises’ appreciation of good…
PETALING JAYA – The removal of the Goods and Services Tax (GST) will boost sentiments in the property sector, particularly the commercial sub-sector. Sunway University Business School professor of economics Dr Yeah Kim Leng said there will be some downward pressure in terms of pricing and consumers will benefit from…
PETALING JAYA – With zero-rated Goods and Service Tax (GST) beginning next month, property consultants expect it to be a fresh lead that encourages purchasers to end the wait-and-see approach and make their buying decision. Knight Frank Malaysia managing director Sarkunan Subramaniam opines that the zero-rated GST as a smart…
