Sarawak state govt abolishes quit rent
KUCHING (March 15): Sarawak Chief Minister Tan Sri Adenan Satem today announced that the state government had abolished payment of certain land quit rents.
Selangor freezes applications for serviced apartment, Soho and Sovo
Property sector Maintain neutral: According to news reports, the Selangor state government will freeze the approval for all applications of new property projects involving serviced apartment, small office home office (Soho), and small office versatile office (Sovo) submitted after Jan 1, 2016.
Mah Sing to renegotiate land buy terms
KUALA LUMPUR (March 15): Mah Sing Group Bhd, the country’s second-largest property developer by sales value, said it will discuss with Great Doctrine (M) Sdn Bhd to renegotiate the terms of the sale and purchase agreement (SPA) for the proposed acquisition of a 85.
The rise of outlet centres
WELL known for its enormous malls, Malaysia is a true shopaholic’s haven.
PROPERTY SNAPSHOT 2: What’s affordable in Bangsar?
• Commonly referred to as the Beverly Hills of Kuala Lumpur, Bangsar is an elite enclave, dominated by landed housing and exclusive, low-density, boutique condominiums.
I-Bhd launches KLCC luxury condo from RM2,300 psf
KUALA LUMPUR (March 14): I-Bhd unveiled its high-end 8 Kia Peng residences – its first project outside its flagship 72-acre i-City “ultrapolis” development in Shah Alam – in the city centre, which has a gross development value (GDV) of RM1 billion.
PAM urges higher passing rate for architecture courses
KUALA LUMPUR (March 14): The Malaysian Institute of Architects (PAM) president Mohd Zulhemlee urged the authorities to raise the passing rate of professional architecture courses to solve the shortage of architects.
Slower property sales volumes this year, but hidden gems abound
KUALA LUMPUR (March 14): Property sales by developers listed on Bursa Malaysia are expected to be flat or slightly worse than 2015 this year, said CIMB analyst Saw Xiao Jun.
Unsold residential units to rise in 2016
KUALA LUMPUR (March 14): Property developers are expected to see more unsold residential units in 2016, as launches over the past two years are expected to come on stream, amid a slowdown in demand.
Location vs direction
FENG SHUI consultants are often bombarded with questions about whether a person’s house is facing a favourable direction or where they should place their aquarium or which direction should their bed face? All these are valid feng shui questions.
