Ministry of Local Government Development (KPKT) has recently introduced the urban renewal implementation guidelines after being approved by the cabinet according to Local Government Development Minister Nga at the topping out ceremony of TRX Residences.
Three associations representing property managers and consultants, estate agents, and valuers have come out to support the government’s move to refine the Strata Management Act 2013 as part of its 12th Malaysia Plan Mid-Term Review revealed this month.
Owning a rental property can be a lucrative investment, but finding reliable and responsible tenants is crucial to ensure long-term success. Five-star tenants are those who pay rent on time, take care of the property, and maintain a harmonious relationship with the landlord.
Eco World Development Group Bhd is on track to achieve its FY2023 full year sales target of RM3.5 billion with RM3.06 billion sales recorded in 10 months, representing 87.4% of the target.
TRX Residences, the landmark residential towers located in Malaysia’s international financial district of Tun Razak Exchange (TRX), has successfully sold 90% of its available units.
Sime Darby Property Bhd has signed a memorandum of understanding (MOU) with Tenaga Nasional Bhd (TNB) to integrate rooftop solar solutions in the group’s townships and developments.
Kenanga Research maintained its “neutral” call on the real estate investment trust (REIT) sector due to subdued consumer sentiment, dragged by inflation and the implementation of targeted fuel subsidies possibly undermining spending capacity.
Analysts have raised their target prices (TPs) for Scientex Bhd after its financial results for the year ended July 31, 2023 (FY2023) met expectations, and as they are more bullish on the company’s property segment due to the stable interest rate environment.
Central Global Bhd’s (CGB) wholly-owned unit Proventus Bina Sdn Bhd has commenced a legal suit against Tang Kae Shih for outstanding payments related to a residential apartment contract in Penang worth RM42.24 million.
Noteworthy:
When: June 2023
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