Both IGB REIT assets expected to continue to perform well
GB Real Estate Investment Trust (July 16, RM1.
IGB REIT seen to gain from improved consumer sentiment, spending
IGB Real Estate Investment Trust (REIT) (July 12, RM1.
Share unit weightage – the next ‘time bomb’ in property management?
KUALA LUMPUR (July 12): Malaysia Shopping Malls Association (PPK) committee member for research YL Lum foresees that the calculation of share unit weightage in strata-titled properties will be the next ‘time bomb’ in property management.
“Arbitrary” timeframe for property managers to register with BOVAEP should be removed, says mall association
KUALA LUMPUR (July 12): The 12-month grace period allowing practicing property managers without valuation credentials to register themselves with the government to gain official recognition should be removed as it is “arbitrary” and “irrational”, said a real estate industry leader.
Maintenance fees and inter-floor leakage top cases in Strata Management Tribunal
KUALA LUMPUR (July 12): Cases related to maintenance fees collection and inter-floor leakage top the list of claims filed by house owners to the Strata Management Tribunal (SMT), said Ministry of Housing and Local Government (KPKT) senior legal officer Roshan Karthi Kayan.
DONE DEAL: Single-storey factory in Mukim 1, Seberang Perai, Penang
Rented for: RM85,000 a month Concluded by: JT Tan (REN 08365) of Khoo & Associates Realty (012-392 6682) When: April 5, 2018 Noteworthy: ● A factory with a land area of 130,680 sq ft and built-up size of 50,000 sq ft ● Nearby amenities: Sunway Carnival shopping mall, Megamall Pinang, hospital, banks and boutique hotels ● About 5km away from Penang Bridge, 25km to George Town, 25km away from Bayan Lepas Industrial Park and Penang International Airport Located in Mukim 1 of Seberang Perai Tengah (Central Seberang Perai), which is home to some of the earliest industrial developments in Seberang Perai, the factory is situated at the well-developed industrial district which has a high concentration of manufacturing activities.
Sabah mall tenants in distress after electricity supply disconnected again
KUALA LUMPUR (July 11): Tenants at Sabah’s 1Borneo Hypermall are “in distress” after the Sabah Electricity Sdn Bhd (SESB) completely cut off the mall’s electricity supply for the second time today, reported the Malay Mail.
Sunway REIT seen resilient amid challenges
Sunway Real Estate Investment Trust (July 5, RM1.
Experience a new way of buying property at VPEX 2018
PETALING JAYA (July 6): Experience a new way of viewing and buying property at EdgeProp.
Half of the Soho units under construction in KL remain unsold in 1Q2018
PETALING JAYA (June 29): Close to half of the Small Office Home Office (Soho) units or 1,430 units of 2,912 units launched in Kuala Lumpur that are under construction, remain unsold in 1Q2018.
