Vacant malls and office spaces: Utilise them creatively, says NAPIC

KUALA LUMPUR (Oct 13): Purpose-built offices and shopping malls are seeing an all-time low occupancy rate for the first time in 20 years, hence, operators have to be more creative in utilising the vacant space in the new normal, said  National Property Information Centre (NAPIC) deputy director of inventory Ari Adam.

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PEPS: Govt should buy unoccupied units and turn them to affordable housing

KUALA LUMPUR (Oct 13): The Government should consider purchasing and repurposing the unoccupied properties in matured areas and turn them into affordable housing to address two issues at one go, said the president of the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector of Malaysia (PEPS), Michael Kong (pictured).

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Govt tables bill to raise debt limit

KUALA LUMPUR (Oct 11): The government on Monday tabled the Temporary Measures for Government Financing (Coronavirus Disease 2019) Amendment Act 2021 Bill to increase the federal government’s statutory debt limit from 60% to 65% of gross domestic product (GDP).

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