News by Shawn Ng

Rented for: RM1,200 per month (about RM1.33 psf); Concluded by: Yeo Hock Beng (REN 14090) of Griffin Properties (016-332 2701); When: September 2019

The objective will be to come up with an equitable solution to the issue pertaining to flat rate maintenance charges in mixed developments. 

 
 

“[The tangible aspects] are basic and most developers would have provided them. But to make sure that a development excels and to be able to enhance its property value, you actually have to focus on the intangible aspects, which are subjective and can affect emotional feelings.”
 

Property and facility managers in the country will need to enhance the performance of their buildings in order to meet the demands and expectations of international tenants.

Buyers are able to lock in today’s property prices for the next five years and secure a 100% loan margin when they are ready to purchase, said the developer.

“As occupiers’ requirements, expectations and demands are raised, landlords cannot stand idly by. This new paradigm requires property owners to adopt a fundamentally different approach to leasing and asset management."

Strata-titled property development is fast growing, and amendments to the Strata Management Act 2013 are required to keep strata-living running smoothly for all stakeholders.

“Strata titles are issued by the respective state’s PTG (Land and Mines Office). So, if the state government (is slow) and the e-Tanah (the electronic land administration system) doesn’t work in that state, nothing will come out.”

Knight Frank Malaysia is the exclusive agent appointed by the property owner Media Chinese International Ltd (MCIL), which also owns the Chinese daily as well as Sin Chew Daily, China Press and Guang Ming Daily.

The WCE will be connected to several existing highways, namely the North-South Expressway (NSE), the South Klang Valley Expressway (SKVE), the New Klang Valley Expressway (NKVE), the New North Klang Straits Bypass (NNKSB), the Kuala Lumpur-Kuala Selangor Expressway (LATAR) and the Shah Alam Expressway (KESAS).