Penang on fact-finding mission on rent-control policy
PETALING JAYA (Aug 12): The Penang state government is on a fact-finding mission to pin point the possible impact of a rental hike on its pre-war buildings in George Town.
CoreNet introduces its Malaysia chapter
THE corporate real estate (CRE) industry in Kuala Lumpur is gaining importance, as a growing number of multinational organisations are setting up their headquarters and regional offices in the city.
Summit Hotel Subang USJ to get RM20 mil to RM30 mil renovation
SUBANG JAYA (July 28): AmFIRST Real Estate Investment Trust (AmFIRST REIT) will spend between RM20 million and RM30 million to refurbish the Summit Hotel Subang USJ (pictured) in order to maintain its four-star rating, Bernama reported today.
Reduce rental to attract tenants, says Savills Malaysia
KUALA LUMPUR (July 27): As more office landlords fight over a shrinking pool of tenants, owners will have to reduce rents further to entice prospective occupants, said Savills Malaysia executive chairman Christopher Boyd.
A 3-room house for RM20,000!? No, we are not joking
PETALING JAYA (July 12): The rising price of homes is one of the biggest complaints of Malaysians, especially for city folk.
Rent control may drive down values of heritage and pre-war properties
KUALA LUMPUR (July 9): Real estate experts cautioned against reintroducing rent control on heritage and pre-war properties in Penang, as it may drive up the cost of maintaining these properties, lowering their values and impacting tourism as a result.
Elegant eclecticism
LOCATED in the upmarket neighbourhood of Mont’Kiara is a guarded residential development known as Serene Kiara, which comprises a cluster of neatly arranged off-white houses perched on higher ground and visible from the Penchala Link.
Are Rent-to-Own schemes the answer to easier home ownership?
OWNING a house could be a costly dream for the working class, but it is deemed the worthiest investment for most people — even if you can’t enjoy capital appreciation, at least you will still have a roof over your head and a place that you could call your own.
MIEA: Johor broker who committed fraud was illegal agent
PETALING JAYA (June 7): The agent who was convicted of fraud was an illegal property agent as he was not registered with the Board of Valuers, Appraisers and Estate Agents (Bovaea), clarified the Malaysian Institute of Estate Agents (MIEA) president Erick Kho (pictured).
Building from scratch
A RANDOM question that popped into his mind during a motorcycle ride 20 years ago has brought Ng Chong Kiat, managing director of CK East Group, to where he is today.
