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.
Tax consultants: Zero-rated GST could spur market sentiment
PETALING JAYA (May 17): Taxation consultants lauded the government’s move of zero-rated GST as it will improve the ease of doing business in Malaysia and lessen the hassle for developers, especially those who have mixed-use developments.
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.
Drawing up a picture of the ideal Malaysian home
Owning a home is a common goal shared by many Malaysians.
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.
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.
Rehda: Property prices to drop with zero GST
PETALING JAYA (May 17): Property prices are expected to drop following the goods and services tax (GST) rate reduction to zero from 6% prior, said the Real Estate and Housing Developers’ Association (Rehda) president Datuk Seri FD Iskandar.
Country Heights sells stake in healthcare unit to focus on property business
KUALA LUMPUR (May 17): Country Heights Holdings Bhd’s wholly-owned unit, Mines Holdings Sdn Bhd, is divesting a 5% stake in Country Heights Health Tourism Sdn Bhd (CHHT) for RM250,000.
