Developers shall not hand over liabilities to JMB

PETALING JAYA (Nov 21): Property developers handing over their debts and liabilities mainly in the form of water and electricity arrears to joint management bodies (JMBs) will evidently jeopardise proper maintenance by the JMBs, said the Malaysian Institute of Professional Property Managers (MIPPM).

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Rehda wants authorities to reconsider approvals freeze

PETALING JAYA (Nov 21):  The Real Estate and Housing Developers Association (Rehda) Malaysia hopes that the authorities will reconsider the new ruling to freeze approvals of developments, including condominiums priced above RM1 million, it said in a press statement today.

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Sime Darby Property happy with Lot 15 take-up

PETALING JAYA (Nov 21): Sime Darby Property Bhd’s latest launch in Subang Jaya, Lot 15 serviced apartment, has achieved a 64% take-up rate of its 204 units for sale during its weekend launch on Nov 18 and 19.

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Construction will be our game changer — Voir

KUALA LUMPUR (Nov 21): Apparel retailer Voir Holdings Bhd, which is turning to construction to diversify its earnings by taking up a stake in Consortium Zenith Construction Sdn Bhd, the special purpose vehicle (SPV) that is executing the RM6.

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