Housing and Local Government Minister Zuraida Kamaruddin said there was a need to re-examine the policy, as there were many among the rakyat who disagreed with it.

According to Guan Eng, Khazanah Nasional Bhd, which controls a 51% stake in PLUS, submitted a proposal to sell PLUS to the government because the public investment arm is worried about the diminishing of assets by selling to private parties.

Finance Minister Lim Guan Eng: This measure is expected to benefit the property sector without affecting the interest of Malaysians.

If any sum remains unpaid by the defaulter, the Management Bodies may file a claim in a Court of Law or in the Strata Management Tribunal. Once an Award is given by the Tribunal, it is a criminal offence if the person named in the claim does not comply with the Award.

The refurbishment project is part of the Sayangi Rumahku campaign, a joint effort by EdgeProp.my, Paramount Property Development and Nippon Paint Malaysia in support of the National Community Policy or Dasar Komuniti Negara (DKN) formulated by the Housing and Local Government (KPKT) Ministry to improve the lives of the B40 group.

The aid will now be enjoyed by those in the M40 category who own no more than two cars and two motorcycles.

Among factors attracting tourists to Malaysia include rising middle-income populations, particularly in Asia; lower inflations; and short-haul destinations.

“Questions abound as to whether the relaxation of foreign owners should be limited to the secondary market or extended to the primary market (and) if there is a need for a minimum holding period as well as a limit in whom they can sell to.”

The capsule hotel opened in 2014 at level 1 of klia2’s landside area. Due to ample demand, CapsuleTransit underwent two expansions in 2015 and 2017. It now offers 204 pods.

To date, BOVAEP has approved the application of 1,505 practising property managers who were not registered with the board before, says BOVAEP board member Ishak Ismail.