Anticipating a bleak outlook in the near future, the developer has made a bold move in partnering with CMY Capital Sdn Bhd (CMY), an investment holding company founded by prominent businessman Tan Sri Chua Ma Yu, and another investor to tap into the glove-making and distribution business.
Real Estate and Housing Developers’ Association (REHDA) Institute chairman Datuk Jeffrey Ng Tiong Lip: It is a potential trend in the future in which mall landlords would move from only providing premises for rental, to also providing e-commerce supporting services such as warehousing, delivery, handling of goods.
Although there is a gradual upturn in market activity from April to June 2020, NAPIC foresees a soft property market for the rest of 2020 due to the market uncertainties.
The outlet has been closed for disinfection and thorough cleaning until further notice.
It is a hidden gem in the bustling city centre, located next to KL Sentral and the Chinatown area, Kampung Attap is accessible via Jalan Damansara, Jalan Kinabalu, Jalan Syed Putra, Jalan Maharajalela and Jalan Dewan Bahasa.
The mall has conducted thorough cleaning last night
Rented for: RM8,000 (RM 2.27 psf per month); Concluded by: Angie Thean (REN 13000) (012-3330073) of ONE WSM Property (KL) Sdn Bhd; When: August 2020
The move under the #RuangSelamat initiative, which was launched in partnership with the Malaysian Institute of Property and Facility Managers (MIPFM) during its ninth annual general meeting on August 19, 2020, is a part of the Nippon Paint’s corporate social responsibility (CSR) efforts to safeguard the frontliners who have been looking after our buildings and the community within.
Sold for : RM1.15 million (about RM613.33 psf based on land size); Concluded by: Meifong Wong (REN 32252) (012-202 3711) of Reapfield Properties (HQ) Sdn Bhd; When: July 2020
Rehda Datuk Soam Heng Choon does not expect HOC 2020-2021, which started from June 1 this year and ends on May 31 next year, to achieve last year’s performance in the current challenging market conditions.
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