For a start, Bukit Jalil is easily accessible via major highways such as the Damansara-Puchong Expressway (LDP), Shah Alam Expressway (KESAS), Maju Expressway (MEX), New Pantai Expressway (NPE) and the toll-free Bukit Jalil Highway. It is also well-served by public transportation with Rapid KL bus and four Light Rail Transit (LRT) train stations within a 3km radius: Bukit Jalil, Awan Besar, Sri Petaling and Muhibbah.
While you may be told that the funds are being used to maintain the common property of the development, have you as an owner ever checked to ensure the funds are being appropriately used for the purpose specified under the Act? Do you know that there is a provision under the SMA 2013 which tells you exactly what the sinking fund can be used for?
There are mandated periodic inspections stipulated by various authorities after the first and/or second year of Vacant Possession.
The group declared a semi-annual dividend of 3.43 sen per unit (1HFY18: 4.23 sen) going ex on Aug 22, 2019.
MRCB has the expertise in providing chilled water supply since 2013. KDDCS was formerly set up under the group for the proposed provision of chilled water supply. The supply agreement signed with KUSB requires the delivery of chilled water beginning Sept 1, 2020.
There is no provision under the Third Schedule of the Strata Management (Maintenance And Management) Regulations 2015 that prohibits short-term rentals.
The retail segment is the largest segment for the REIT, contributing over 76% of net property income (NPI) in the first nine months of financial year 2019 (9MFY19).
Efforts made by the federal and state governments to tackle the problem should be commended, but continuous monitoring should be conducted to ensure pollution, including the presence of illegal waste dumping sites, does not worsen.