“I think the approach to revamp the Act is necessary but we must not just regulate and kill the creativity of the developers, especially when times are bad now and creativity is badly needed,” said the MD of JKG Land, who was one of the participants of the Fireside Chat.
With rapid urbanisation and the growing population within cities, high density living is increasingly dominant around the world. Furthermore, the low- to mid-income segment of the population especially, would only be able to afford to live in crowded high-rises.
The association said a single rate for maintenance fee in mixed development projects is not equitable and might not reflect the difference in usage and cost of maintenance for the common properties within different components.
Present at the closed-door meeting today were current owners of six PR1MA projects from Selangor, Negeri Sembilan, Kuala Lumpur, Johor and Kedah.
Plaza Arkadia at Desa ParkCity wins inaugural mixed-use development award
The Experience Lab showcases a futuristic smart-home system from Blu Guard, engineered timber flooring, digital lockset and dry wall system.
Regent Garden consists of 812 double-storey garden homes that offer the “ready-customise” option. The first batch of 60 units was launched on Oct 12 and within a week, 80% were sold. The second batch of 24 units are now open for sale.
“The problem with allowing different rates of maintenance fee is that the annual general meeting is usually controlled by the large unit owners (mostly retail and hotel component owners),…”
Melodi Perdana comprises four residential blocks offering a total of 1,520 units of apartments with average built-up size of 901 sq ft.
"Last year we were able to secure RM3.1billion in sales. For the past four years we have recorded a CAGR (combined annual growth rate) of 27%.”
The only property app you need. More than 200,000
sale/rent listings and daily property news.
