What are Sub-MCs and why we need them
In a strata development, the term common property (CP) is, shall we say, common? According to the Strata Management Handbook by the Real Estate and Housing Developers’ Association’s (REHDA) Institute, common property refers to the development area that is not included in any parcel or accessory parcel and is capable of being used or enjoyed by two or more strata unit owners.
Audit reveals "ridiculous" double payment to MAPS employees and contractors
IPOH (April 12): Audit reports into the Movie Animation Park Studios (MAPS) show double payments to the company’s employees and the subcontractors hired.
Bank Negara's claim about falling entry-level wages puts employers in 'bad light' — MEF
KUALA LUMPUR (March 29): The Malaysian Employers Federation (MEF) said today that its survey data, on which Bank Negara Malaysia had used in an analysis and concluded wages for fresh graduates across all qualification categories have fallen between 2010-2018, actually showed that the reverse is true.
Felda needs RM711m to complete new generation housing project
KUALA LUMPUR (March 28): The Federal Land Development Authority (Felda) will require an injection of RM711 million to fully complete the Felda New Generation Housing project, according to Deputy Minister of Economic Affairs Dr Mohd Radzi Md Jidin.
HK trains collide for the first time ever
HONG KONG (March 18): For the first time in almost four decades, two subway trains in Hong Kong collided.
New law needed to smoothen redevelopment process of old buildings
TANJUNG BUNGAH (March 8): Penang Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo hopes a separate law on urban regeneration could be proposed to the Attorney General’s Chamber (AGC) for consideration to allow for the process to be carried out smoothly.
Report: Rehda KL slams DBKL’s gazetting of plot ratio caps
KUALA LUMPUR (Feb 23): The Real Estate and Housing Developers’ Association (Rehda) Federal Territories (KL) has “slammed” City Hall’s (DBKL) gazetting of plot ratio caps for property developments, reported The Edge Malaysia in its latest issue.
KL plot ratio cap could ‘impact’ developments, says report
KUALA LUMPUR (Feb 23): The plot ratio cap in the city to a maximum of 1:10 with the Kuala Lumpur City Plan 2020 (KLCP2020), “could lead to the downsizing of several high-end, high-rise developments, especially in the city centre”, reported The Edge Malaysia in its latest issue.
Tropicana Corp calls off Johor land sale
KUALA LUMPUR (Feb 7): Tropicana Corporation Bhd is discontinuing its proposed disposal of 251.
