To ban or not to ban
From being a nuisance to having a negative financial impact on hoteliers, short-term stays are not about to go away.
Sustained recovery on Asia-Pacific prime office rents – Knight Frank report
KUALA LUMPUR (May 18): Asia-Pacific prime office rents have recorded a sustained increase, according to global property consultancy Knight Frank in its recently released Asia-Pacific Q1 2022 Office Highlights report.
Property Chat - Why you need lawyers in property transactions, unlike buying cars (Part 2)
This is Part 2 of an article published here.
AME Elite secures shareholders’ greenlight for AME REIT Main Market listing
KUALA LUMPUR (May 11): AME Elite Consortium Bhd said it has secured its shareholders’ approval for the proposed listing of AME Real Estate Investment Trust (REIT) on the Main Market of Bursa Malaysia Securities Bhd, at an extraordinary general meeting held on Wednesday.
BNM raises OPR to 2% from record low of 1.75%
KUALA LUMPUR (May 11): Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) on Wednesday (May 11) increased the overnight policy rate (OPR) by 25 basis points to 2% from a record low of 1.
Airbnb supports Penang government decision to regulate STRA
PETALING JAYA (May 11): Airbnb has welcomed the Penang state government's recent decision to regulate short-term rental accommodation (STRA), instead of banning it altogether.
Federal Court overturns Tribunal’s ruling – balcony in show unit not part of SPA
The Federal Court recently delivered a significant ruling on the powers of the Tribunal for Homebuyer Claims and the principle of estoppel in housing development disputes.
Property Chat - Why you need lawyers in property transactions, unlike buying cars (Part 1)
“When we buy a luxury car for RM800,000, we can get our bank facility within two or three days without a lawyer, but when we buy a house for RM300,000, we are required to have a battery of lawyers to complete the transaction which takes an average of three to six months.
Maybank IB cuts Genting Malaysia FY22 EPS by 40% as Omicron seen dampening recovery
KUALA LUMPUR (May 6): Maybank Investment Bank (Maybank IB) on Friday cut Genting Malaysia Bhd's earnings per share (EPS) for the financial year ending Dec 31, 2022 (FY22) by 40% as the Omicron wave which began in Malaysia in February slows Resorts World Genting's (RWG) recovery.
CBRE shares positive outlook on Malaysia's hotel sector
KUALA LUMPUR (Apr 29): With a resilient domestic tourism sector and Malaysia's growing popularity as a halal tourism destination, Kuala Lumpur is poised to reap the benefits of the reopening of international travel, CBRE said in a recent Kuala Lumpur Hotel Market Outlook & Prospects 2022 report by CBRE|WTW’s global joint venture partners, CBRE Asia Pacific.
