KUALA LUMPUR (March 20): The local retail sector could take up to four years to recover to 2019 levels “even if a potential surge in sales from revenge shopping materialises”, The Edge Malaysia reported this week.
PETALING JAYA (Oct 24): The Court of Appeal’s ruling to disallow Joint Management Bodies (JMBs) to charge different rates of service fees for different components within mixed-use developments is based on a strict interpretation of the Strata Management Act 2013 (SMA) and the Strata Management (Maintenance and Management) Regulations 2015, said Building Management Association of Malaysia (BMAM) and the Malaysia Shopping Malls Association (PPK).
PETALING JAYA (March 12): Regional mall 1 Utama Shopping Centre has soft launched the first Korean themed retail zone in Malaysia.
“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.
PETALING JAYA (Aug 24): Despite concerns over a possible oversuply of retail malls in the Klang Valley, the authorities should not freeze the development of new shopping malls because that would further dampen the already slow economy in the country, said Malaysia Shopping Malls Association (PPK) adviser Tan Sri Teo Chiang Kok.
PETALING JAYA (Aug 4): Developers are finding it difficult to comply with the requirement under the country’s stata management laws, such as the Strata Management Act 2013 (SMA), to submit the number of share units in a development when submitting their strata plans to the authorities.
Judge methodology Tan Sri Teo Chiang Kok A patron and past president of the Real Estate and Housing Developers’ Association (Rehda) of Malaysia.