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Owners ignore leaks at their peril

HONG KONG: Water leaks are among the most common complaints flat owners have to deal with.

"If the source of a leak is found to be in your flat, it may begin by affecting just a small portion of a ceiling of the flat below yours, and cost you a small amount of compensation only," said Stewart Wong Shun-tai, manager at loss adjuster firm Professional Surveyors.

Strong response to 'The Mansions'

Property sector
Maintain overweight:
Desa Park City's latest offering — The Mansions, comprising 127 units of terrace houses — was launched over the weekend with about 85% of the units sold at average pricing of RM620psf to RM650psf. The Mansions came in three variants — 2½-storey, 3-storey and 3½-storey units.

Rehda Negeri Sembilan to hold 3-day property expo

SEREMBAN: The Negeri Sembilan branch of Real Estate and Housing Developers' Association (Rehda) will hold Malaysia Property Expo (Mapex) from May 20-22, 2011 at the Seremban Parade complex here.

Sunway REIT is Putra Place owner, says High Court

KUALA LUMPUR: The High Court of Malaysia has dismissed the summons-in-chambers instituted by Metroplex Holdings Sdn Bhd dated Apr 29, applying for injunctive relieve against OSK Trustees Bhd as trustee for Sunway Real Estate Investment Trust (Sunway REIT) to prevent them as exercising their rights as rightful owners of Putra Place in Kuala Lumpur.

Ireka unit gets RM109.75m contract to build hotel at KL Sentral

KUALA LUMPUR: Ireka Corporation Bhd's wholly-owned unit Ireka Engineering & Construction Sdn Bhd has been awarded a RM109.75 million to build a hotel at KL Sentral.

In a statement last Friday, May 13, Ireka said its unit had received a letter of award from Excellent Bonanza Sdn Bhd for the contract to build the hotel at Lot G of KL Sentral.

Fitness First joins Setia City Mall

KUALA LUMPUR: Global gym operator Fitness First is set to open a new outlet in Setia City Mall, along side other tenants such as Parkson, Golden Screen Cinemas, Urbanfresh, Harvey Norman, Courts and Wangsa Bowl.