CMMT’s NPI falls in 2Q on lower occupancy in The Mines and Sungei Wang
KUALA LUMPUR (July 26): CapitaLand Malaysia Mall Trust (CMMT)’s net property income (NPI) fell 5.
Property Management: Ask the experts — Building safety
Q: What problems can cause a residential building to be unsafe? Unsafe building conditions can be attributed to non-compliant design and specification, inferior construction workmanship, inadequate maintenance and unregulated renovations/alterations.
Genting Malaysia settles with Disney and Fox over outdoor theme park
KUALA LUMPUR (July 25): Genting Malaysia Bhd has settled with Fox Entertainment Group Llc, Twentieth Century Fox Film Corp, FoxNext Llc, Twenty First Century Fox Inc (21st Century Fox) and Walt Disney Co (Disney) over the construction of an outdoor theme park.
Global recession fear overplayed — BNM
KUALA LUMPUR (July 25): While the escalating trade tension between the US and China will moderate Malaysia’s economic growth, it will not cause a global economic recession next year, said Bank Negara Malaysia (BNM).
1MDB suit against Air Itam landowner to recover RM6m to be heard at Penang High Court
KUALA LUMPUR (July 22): The suit filed by 1Malaysia Development Bhd (1MDB) against a landowner to recover over RM6 million in relation to 94.
Penang Airport expansion a challenge for MAHB, federal govt
KUALA LUMPUR (July 22): It is a big relief to many, particularly Penangnites, when the federal government confirmed the project to expand the capacity of the Penang International Airport (PIA) to 20 million passengers per annum (mppa) from 6.
趋势：千禧世代将主导未来零售业市场
随着千禧年世代逐渐进入黄金消费年龄，竞争激烈的零售业快步转型，结合网购与实体店体验，以期借此吸睛（金）！ 房地产咨询公司Savills Malaysia在“亚洲城市报告——2019年上半年吉隆坡零售”报告中指出，千禧世代将成为大马未来的主流消费者，因正处在黄金消费年龄的千禧世代（介于19岁至35岁）将占全马总人口的29%或940万人。 为了迎合这部分人群，我国的零售趋势已转变为结合网购和实体店的形态。该公司表示，“这样千禧世代便能够同时享受实体店的体验和网购的便利。” 与以往不同，今天的商场不能再仅靠几个大型的、受欢迎的品牌吸引人潮。不过，餐饮店仍是吸引人潮的主力之一，因为它们能提供人们社交和进行经济互动的空间。 由于大多数的商场都提供相似的产品和服务，预计新商场的加入将进一步分散大吉隆坡地区（包括吉隆坡市区和巴生谷郊区）的人流。报告指，“这意味着零售商将继续面对激烈的竞争。” 事实上，新进商场已经导致一些旧商场的客流量减少。这是因为这些旧商场的零售商和商品选择较少，部分旧商场的管理和维护也差强人意。 新商场进驻加剧零售业竞争 Savills表示，大量的零售空间即将涌现，迫使商场经营者重新思考能够吸引消费者的因素，包括地点、交通便利性、商场主题、目标市场、租客组合、停车位手否足够、安全性和整洁度。 2018年，大吉隆坡地区的零售空间面积按年增加3.
PPR residents glad that dilapidated sports courts will be revitalised
PETALING JAYA (July 19): Residents of three public housing schemes under the EdgeProp.
Close to 16,000 PPR residents to benefit from Sayangi RumahKu campaign
PETALING JAYA (July 19): Residents of public housing schemes in PPR Lembah Subang 1, PPR Seri Cempaka and Perumahan Awam Seri Kedah in the Klang Valley will soon see the sports courts in their communities undergo a makeover under a private initiative under the EdgeProp.
Property management: Ask the experts — Expenses and renovations
Q: Does a unit holder (a resident of a condominium) have the right to view the accounts and the invoices of expenses incurred for the property anytime or can the unit holder only see the audited accounts during the AGM? Paragraph 7(6)(b) Second Schedule of the Strata Management Act 2013 states that a purchaser/proprietor may make a request to the Management Committee to inspect the books of accounts at a fee not exceeding RM50 for each inspection.
