News about ER

IT’S been a year since the Strata Management Act 2013 (SMA) was implemented in our country.

PENANG (Aug 5): Penang is mulling a cap on rental hikes in pre-war buildings to 20% over a period of four to five years, in contrast with more exorbitant hikes of 100% to 200% observed in recent times, said Penang chief minister Lim Guan Eng at the Penang International Property (PIP) Summit conference today.

KUALA LUMPUR (Aug 5): The construction boom seems to be gathering steam with a slew of mega infrastructure contracts being awarded of late.

PETALING JAYA: IJM Land Bhd, the property development arm of IJM Corp Bhd, will be launching the Waterside Residence condominium project in Penang, with an estimated gross development value (GDV) of RM240 million, this October.

  Sold for: RM3.

KUALA LUMPUR (Aug 4): SRS Consortium Sdn Bhd, a 60:20:20 joint venture among Gamuda Bhd, Loh Phoy Yen Holdings Sdn Bhd and Ideal Property Development Sdn Bhd, has duly accepted an extension of a letter of award (LoA) by the Penang state government to Feb 28, 2017 for its appointment as the project delivery partner (PDP) for the implementation of the Penang Transport Master Plan (PTMP).

PETALING JAYA (Aug 4): S P Setia Bhd organised several gardening and landscaping events across the Klang Valley, Penang, Johor and Kota Kinabalu over the weekend to celebrate its outstanding performance at ILAM’s Malaysia Landscape Architecture Award 2015.

KUALA LUMPUR (Aug 4): The government, specifically the Deputy Minister of Finance 1 Datuk Othman Aziz, said yesterday that houses priced up to RM165,060 are considered affordable to a median Malaysian household.

KUALA LUMPUR (Aug 4): TRC Synergy Bhd said a company, in which its wholly-owned unit will have a 30% stake in, has bagged a RM1.

KLCC Property Stapled Group (Aug 3, RM7.