News about property

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.

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.

SHAH ALAM (May 17): S P Setia Bhd said today that the Malaysian property market may see improved buyer sentiment after the government announced that the goods and services tax (GST) rate will be reduced from 6% to 0% effective June 1 this year.

PETALING JAYA (May 15): Election pledges made by the new Pakatan Harapan (Pakatan) government regarding affordable housing and the property market at large may hurt the industry as the new government seeks to further control the market which could potentially prevent its self-correction, said Institute for Democracy and Economic Affairs (Ideas) senior fellow Dr Carmelo Ferlito.

KUALA LUMPUR (May 12): The key to strata living is how well the property is managed because the condition of the building will significantly determine the value of your investment, said EdgeProp.

KUALA LUMPUR (May 12): It is important to take responsibility of the strata residence that you live in and be prepared to be a management committee (MC) member to serve the community conscientiously, honestly and impartially, said Sri Penaga management corporation chairman Khaw Chay Tee at EdgeProp.

KUALA LUMPUR (May 12): Every year, 50 to 80 people perish in fires, and many lives and properties have been lost due to faulty fire-fighting equipment in the buildings they live, work and spend time in.

You could say that Paramount Property Development Sdn Bhd is comfortably into its middle age.

Introduced last year with the aim of raising the benchmark in property management in Malaysia, EdgeProp Malaysia’s Best Managed Property Awards has expanded with a new category and two new awards in 2018.

Over 350 industry players attended EdgeProp Malaysia's Best Managed Property Awards 2018 gala dinner on May 7, 2018, where 24 winners were announced and 26 awards were given out.