In what way could a new unproven board offer solutions when Rehda and PPK members are already admitted as registered property managers under BOVAEP and its representatives are board members of BOVAEP? The current debate on the property management-building management issue can be examined from the public policy perspective.
In March, the state local government, housing, health and environment committee chairman Hilmi Abdullah was quoted as saying that KB Sentral is expected to be completed by 2027, with the state government having inked an agreement with a company to undertake the project.
For the 9MFY2024, the REIT’s NPI rose 24% to RM191.
Quarterly revenue grew 4% to RM207.
This is LFE Corp’s third contract from Puncakcity Development this year.
At end-September, the retail segment contributed about 94% to the REIT’s total revenue while occupancy rates of the seven KIPMalls stood at 90.
Exsim Hospitality also said the contract will begin from Oct 18, subject to further confirmation by the main contractor.
The independent adviser noted the RM119.
LSH33 is a mixed development comprising one block each for the Malaysian Civil Servants Housing Programme (PPAM) with 300 units, Residensi Wilayah (300 units), and open market condominium (300 units).
“The new owners inheriting these properties may end up having to sell their ancestral home as they cannot afford to pay the imposed tax, thus losing their home and an investment kickstarted by their deceased family, and discourage long-term ownership of properties,” said REHDA president, Datuk Ir Ho Hon Sang.
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