Axis REIT to buy property in Johor for RM65m cash
KUALA LUMPUR (Oct 15): Axis Real Estate Investment Trust (REIT) is planning to acquire a single-storey warehouse-cum-office building in Johor for RM65 million cash, from Rancak Beta Sdn Bhd.
Beware of over-enforcement
The move by the Kajang Municipal Council (MPKJ) to authorise the seizure of belongings of strata property maintenance fee defaulters of an apartment project and the subsequent auction of said chattels and movable properties has alerted the public about the severe consequences of failing to settle outstanding charges and contribution pursuant to the Strata Management Act, 2013 (SMA).
HBA: Do not neglect the hidden risks while encouraging homeownership
PETALING JAYA (Oct 11): The National House Buyers Association (HBA) has praised the government’s efforts in its proposed Budget 2020 to help homebuyers to own a property but at the same time urged the government to review certain measures that might pose hidden risks to the property market.
Don’t send the wrong message by helping dilapidated strata housing, says BMAM
PETALING JAYA (Oct 11): The government should be very careful in allocating funds to repair and refurbish low- and medium-cost strata housing as it could be sending the wrong message to the owners, warned the Building Managers Association of Malaysia (BMAM).
MIPFM: The real challenge of strata housing maintenance lies in the collection of maintenance charges
PETALING JAYA (Oct 11): While the government’s move to reinstate the maintenance of low and medium cost strata housing is laudable, it is likely that the state of these houses will fall back to square one if the real issue is not tackled, according to the Malaysian Institute of Property and Facility Managers (MIPFM).
Budget 2020: Still need more to stimulate property market, says Rehda
PETALING JAYA (OCT 11): The Real Estate and Housing Developers’ Association Malaysia (Rehda) hopes that more government incentives will be forthcoming to further spur the property market after the Home Ownership Campaign 2019 (HOC 2019) ends Dec 31, 2019.
Johor-Singapore rail link to proceed, but details scarce
KUALA LUMPUR (Oct 11): The federal government plans to proceed with the Rapid Transit System (RTS) between Johor Bahru and Singapore to solve the long-standing traffic congestion on the Causeway.
FLASH: Bank Negara Affordable Housing Fund: 2,840 applications amounting to RM472.7 million were received
Bank Negara Affordable Housing Fund.
SPNB comes under fire from MCA over late payments
KUALA LUMPUR (Oct 11): Syarikat Perumahan Negara Bhd (SPNB) has come under attack from opposition party MCA over delayed payments to contractors involved in the Rumah Mesra Rakyat 1Malaysia (RMR1M) projects, reported The Star today.
