The power of the management committee
Being a member of the management committee of a management corporation (MC) is no walk in the park.
OCR plans mixed development of RM700m GDV in Johor
KUALA LUMPUR (May 18): OCR Group Bhd is planning a mixed development on 47.
S P Setia makes debut in mainland Penang
KUALA LUMPUR (May 18): Property developer S P Setia Bhd will launch its maiden project in mainland Penang in the second half of this year, which forms part of its launches totalling RM5.
The telltale signs of a very hot spot
Securing a property with strong capital growth does not simply come by luck, but on training our sights on the signs of a soon-to-ripen harvest.
DONE DEAL: Retail lot at mezzanine floor, Ampang Point Shopping Centre, Selangor
Rented for: RM20,000 (RM8 psf) Concluded by: Michael S L Wong (REN 09493) of Dynamic Realtors (012-519 8688) When: December 2017 Noteworthy: ● 2,500 sq ft ● Mezzanine Floor of Ampang Point Shopping Centre ● Tenant invested RM100,000 for renovation ● Three-year fixed term with option to renew for another three-year term ● Location is central and surrounded by office crowds According to Michael S L Wong of Dynamic Realtors who concluded the deal, the tenant is none other than Cozy Corner Restaurant, formerly of Ampang Park Shopping Centre, which closed its doors on Dec 31 last year.
Property consultants expect positive effect from zero-rated GST measure
PETALING JAYA (May 17): With zero-rated Goods and Service Tax (GST) beginning next month, property consultants expect it to be a fresh lead that encourages purchasers to end the wait-and-see approach and make their buying decision.
Maybank Investment: GST zero rate positive but needs more clarity
PETALING JAYA (May 17): Although the imposition of the zero-rated Goods and Service Tax (GST) came earlier than expected, Maybank Investment Bank views the latest announcement by the new Pakatan Harapan (Pakatan) led government as a positive move which could spur the earnings growth of the property development industry.
Sime Darby Property partners Japanese firms to build RM530m GDV industrial facilities in Klang
KUALA LUMPUR (May 17): Sime Darby Property Bhd is partnering Japan's Mitsui & Co Ltd and Mitsubishi Estate Co Ltd to jointly develop and lease built-to-suit industrial facilities with a gross development value (GDV) of RM530 million at Sime Darby Property's Bandar Bukit Raja township in Klang, Selangor.
S P Setia: Proposed zero-rated GST may boost local property market's buyer sentiment
SHAH ALAM (May 17): S P Setia Bhd said today that the Malaysian property market may see improved buyer sentiment after the government announced that the goods and services tax (GST) rate will be reduced from 6% to 0% effective June 1 this year.
MQREIT 1Q NPI falls 7% on lower revenue, higher opex
KUALA LUMPUR (May 17): MRCB-Quill REIT (MQREIT) saw its net property income (NPI) for the first financial quarter ended March 31, 2018 (1QFY18) fell by 7% to RM34.
