Bright near-term prospects seen for Sime Darby Property
Sime Darby Property Bhd (July 22, RM1.
Paramount Property: RM200,000 to refurbish PPR sports courts
PETALING JAYA (July 19): Paramount Property Development Sdn Bhd will be spending an estimated RM200,000 to makeover rundown outdoor sports courts at three public housing (Projek Perumahan Rakyat or PPR) projects in the Klang Valley under the EdgeProp.
PPR residents glad that dilapidated sports courts will be revitalised
PETALING JAYA (July 19): Residents of three public housing schemes under the EdgeProp.
Close to 16,000 PPR residents to benefit from Sayangi RumahKu campaign
PETALING JAYA (July 19): Residents of public housing schemes in PPR Lembah Subang 1, PPR Seri Cempaka and Perumahan Awam Seri Kedah in the Klang Valley will soon see the sports courts in their communities undergo a makeover under a private initiative under the EdgeProp.
Property management: Ask the experts — Expenses and renovations
Q: Does a unit holder (a resident of a condominium) have the right to view the accounts and the invoices of expenses incurred for the property anytime or can the unit holder only see the audited accounts during the AGM? Paragraph 7(6)(b) Second Schedule of the Strata Management Act 2013 states that a purchaser/proprietor may make a request to the Management Committee to inspect the books of accounts at a fee not exceeding RM50 for each inspection.
Berjaya Land seeks entry into Iceland's hotel market via acquisition
KUALA LUMPUR (July 15): Berjaya Land Bhd (BLand), which is controlled by tycoon Tan Sri Vincent Tan, is buying a 75% stake in Icelandair Hotels ehf in a US$53.
Property Management: Ask the experts — Management corporations
Q: Management Corporation or Joint Management Body to set up a company to manage finances? Who is ultimately responsible for the funds? Under the Strata Management Act 2013 (SMA), the Management Corporation’s (MC) and the Joint Management Body’s (JMB) ultimate function is to properly maintain and manage the subdivided building or land, and the common property.
Property Management: Ask the experts — dealing with defects
Q: What is a latent defect? Can claims be made against the developer after the defects liability period (DLP)? In the context of a residential strata development, ‘latent’ (as opposed to ‘patent’) defects can manifest any time after the end of DLP.
Property overhang can be resolved if MM2H is less stringent
KUALA LUMPUR (June 26): One way to resolve the property overhang is to stop being so strict over Malaysia My Second Home (MM2H) applications from Chinese nationals, said a developer.
MHub: Creating a digital property transaction ecosystem
PETALING JAYA: Property transactions are often time consuming as they involve various parties and processes which can take months or even years to complete.
