News by Shawn Ng

On the formulation of the Residential Tenancy Act  to protect tenants’ rights and avoid discrimination, Sarkunan Subramaniam pointed out that the Residential Tenancy Act has to focus on not only protecting the tenant but also the landlord as many such acts in the world tend to “overfavour” the tenant rather than the landlord.

Rented for: RM20,000 (RM3.50 psf); Concluded by: Michael SL Wong (REN 09493) of Dynamic Realtors (012-519 8688); When: October 2018

租户原本物色面积约为4,000平方尺的空间，但一般商用办公楼租金较贵且极具限制，租户最后选择更具空间弹性且租金较低的商店办公楼作为办公室。

So what’s driving the demand and rental of PJ office spaces? Industry experts who spoke to EdgeProp.my attributes the success of the market to several factors, namely the limited office space supply, the affordable rents for good building quality, proximity to a good talent pool of workers and easy access to public transport.

Many young Malaysians trying to obtain home loans are National Higher Education Fund Corp (PTPTN) loan defaulters and this affects their credit profile.

However, global investment volumes are expected to fall about  5% to 10% from the US$733 billion (RM3.03 trillion) recorded in 2018, due to  a slightly reduced appetite from investors to sell, as well as continued selectivity in acquisitions.

EdgeProp.my has dug into the archives and found some of the best throwback pictures of six property personalities, namely Eco World Development Group Bhd chairman Tan Sri Liew Kee Sin, Rehda president Datuk Soam Heng Choon, Rehda Institute chairman Datuk Jeffrey Ng Tiong Lip, Chur Associates managing partner Chris Tan and Ken Holdings Bhd executive chairman Datuk Kenny Tan and his son and the company’s group managing director Sam Tan.

“We believe that if we can improve the quality of life or standard of living of this B40 group, it will also raise the status of Malaysia to be that of a developed country.”

Sold for: RM780,000 (RM890 psf); Concluded by: Teoh Peng Peng (PEA1696) of Hartamas Real Estate Sdn Bhd (018-206 7122); When: September 2018

The property crowdfunding and peer-to-peer financing framework is expected to come into effect in the first quarter of 2019 and it will balance promoting innovation with ensuring proper safeguards to protect the integrity of the scheme and investors' interest.