Vacant malls and office spaces: Utilise them creatively, says NAPIC

KUALA LUMPUR (Oct 13): Purpose-built offices and shopping malls are seeing an all-time low occupancy rate for the first time in 20 years, hence, operators have to be more creative in utilising the vacant space in the new normal, said  National Property Information Centre (NAPIC) deputy director of inventory Ari Adam.

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PEPS: Govt should buy overhang units and turn them to affordable housing

KUALA LUMPUR (Oct 13): The Government should consider purchasing and repurposing the overhang properties in matured areas and turn them into affordable housing to address two issues at one go, said the president of the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector of Malaysia (PEPS), Michael Kong (pictured).

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Covid-19: Create emergency fund to assist victims of economic fallout, urge real estate professional bodies

PETALING JAYA (June 30): Real estate professional bodies have urged the government to create an emergency fund from the contribution of large corporations which are not affected by the lockdowns to help those experiencing financial woes This is one of the suggestions from six professional bodies, namely the Royal Institution of Surveyors Malaysia (RISM), the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS), the Malaysian Institute of Property and Facility Managers (MIPFM), the Malaysian Institute of Professional Estate Agents & Consultants (MIPEAC), the Business Valuers Association of Malaysia (BVAM) and the Persatuan Perunding Hartanah Muslim Malaysia (PEHAM).

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Budget 2021: Waive RPGT on all properties below RM10m — PEPS

KUALA LUMPUR (Nov 4): The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) has proposed that the government waive the real property gains tax (RPGT) across all property sectors involving transactions of less than RM10 million in 2021 to stimulate the property market.

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Industrial property shines bright amidst pandemic

While the Covid-19 pandemic has put a stop to almost all economic activities globally, except for certain industries are booming such as glove manufacturing, the industry property segment appears to be a silver-lining for the property market in Malaysia.

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