Tan explained that this increase is fuelled by a wave of serviced apartment new launches now commanding RM1,000–RM1,500 psf, especially around the Bukit Chagar area.
The units were priced at 61 sen apiece with 409.
PPK Malaysia cautioned that such cost burdens could undermine the long-term sustainability and competitiveness of the retail property sector, while also impacting rental affordability and the ability of landlords to recover shared operating costs from tenants.
CLMT’s retail properties delivered a positive rental reversion of 10.
“SunCon is also currently seeking legal counsel to evaluate the appropriate actions to be taken on certain sub-contracts and parties.
“While the domestic economy is on a strong footing, uncertainties surrounding external developments could affect Malaysia’s growth prospects,” BNM said.
The bid-rigging involved six tenders for maintenance works in Putrajaya, including amenity trees, main drains, gross pollutant traps and retention systems across various precincts.
About half of 23 economists polled predict a cut from 3%, while the rest expect the central bank to stand pat.
The court agreed with Genting Malaysia’s position that the complaint in its initial form was “merely a shareholders’ dispute” in a decision on July 1, and that RAV Bahamas' current allegations are “baseless and without merit”, according to Genting Malaysia in an exchange filing on Monday.
The bid was submitted on June 27 in response to the New York State Gaming Commission’s request for applications for up to three commercial casinos in downstate New York, where its Resorts World New York City (RWNYC) is located, Genting Malaysia said in an exchange filing.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
