Crunch time for malls
JUST last week, Perda City Mall in Bukit Mertajam, Penang, suddenly shut down after a mere 18 months in business.
JUST last week, Perda City Mall in Bukit Mertajam, Penang, suddenly shut down after a mere 18 months in business.
IT’S been a year since the Strata Management Act 2013 (SMA) was implemented in our country.
PENANG (Aug 5): Penang is mulling a cap on rental hikes in pre-war buildings to 20% over a period of four to five years, in contrast with more exorbitant hikes of 100% to 200% observed in recent times, said Penang chief minister Lim Guan Eng at the Penang International Property (PIP) Summit conference today.
PETALING JAYA (Aug 3): Sunway Bhd’s real estate arm Sunway Property is setting up a regional office and sales gallery in the northern state of Malaysia, Penang, which is scheduled for completion in April 2017, the developer said in a statement yesterday.
KUALA LUMPUR (Aug 3): KLCC Stapled Group, comprising KLCC Property Holdings Bhd (KLCCP) and KLCC Real Estate Investment Trust (KLCC REIT), recorded a total realised distributable income of RM167.
THE slowdown in the property market is not news to developers and the public.
KUALA LUMPUR (Aug 1): OSK Property Holdings Bhd has teamed up with the Ministry of Energy, Green Technology and Water’s GreenTech Malaysia Alliances Sdn Bhd and Kloth Lifestyle Sdn Bhd to produce its new company uniform using recycled plastic bottles, the developer said in a recent statement.
KUALA LUMPUR (July 27): Escalating housing prices and the changing needs of young buyers have spurred interest in shoebox-sized apartments on Penang island, said Henry Butcher Malaysia (Penang) Sdn Bhd director Jason Teoh.
KUALA LUMPUR (July 27): As more office landlords fight over a shrinking pool of tenants, owners will have to reduce rents further to entice prospective occupants, said Savills Malaysia executive chairman Christopher Boyd.