News by Chelsey Poh

“We know that no job is fully ‘safe’ at the moment and therefore a nudge towards prudence in spending would be more appropriate.”

Full stamp duty exemption on Memorandum of Transfer and loan agreement for the first home priced below RM500,000. This is for agreements inked from January 2021 to December 2025

Just when markets were in a rosy mood, the escalating number of Covid-19 positive cases starting in September put everything on halt again with the implementation of a 14-day conditional movement control order (CMCO) in Klang Valley, which has been extended for another 14-days until Nov 9, 2020.

The two parties plan to collaborate to explore potential business opportunities and examine the possibility of joint co-operation and strategic ventures in prospective collaborations, tenders and projects as well as evaluation of the scope of work to be carried out by both companies.

Noteworthy:
● Land size: 1,650 sq ft; built-up: 2,411 sq ft
● Freehold
● Semi furnished
● 4-bedroom; 3-bathroom
● Nearby amenities: Shopping malls, eateries, commercial area, wet market, Subang Medical Centre, INTI International College Subang, Subang Ria Recreational Park
● Accessible via New Pantai Expressway (NPE), Federal Highway and Damansara-Puchong Expressway (LDP).

When: August 2020

“None of the stakeholders are completely happy with the total outcome."

Knight Frank through its Global Buyer Sentiment Survey 2020, published along with its Global Buyer Survey 2020 released in August 2020, has identified five nascent trends due to the pandemic across the globe.

Strategically located between North Port and West Port, KLIA and Shah Alam, COMPASS @ KSL looks to leverage on the growing demand for warehouses brought about by the Fourth Industrial Revolution and the Covid-19 pandemic.

For shopping mall operators, especially those located in areas affected by the Conditional Movement Control Order (CMCO) and those which unfortunately have Covid-19 positive cases, it’s even more challenging for them to maintain their business.

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.