News about ren

KUALA LUMPUR (July 25): Malaysia has to strengthen the legal framework of the local rental market to nurture renting as a viable alternative to homeownership, said Messrs Amir Toh Francis & Partners advocate and solicitor Ivan Chan.

SHAH ALAM (July 25): A briefing was conducted on the new Shah Alam individual quit-rent during a seminar attended by joint management bodies (JMB) and management committees of stratified buildings in Shah Alam.

PETALING JAYA (July 23): China Communications Construction (ECRL) Sdn Bhd (CCC-ECRL) has confirmed that it is rationalising its staff count following the suspension of the East Coast Rail Link (ECRL), without stating the number of employees cut.

LONDON CITY ISLAND (July 17): Property developer EcoWorld London is in talks with private pension funds and insurance companies for the sale of projects in 6 of its 12 active project sites, said EcoWorld International Bhd (EWI) president and CEO Datuk Teow Leong Seng.

PETALING JAYA (July 12): Two more projects in Penang are applying to be able to sell their units via the rent-to-own scheme, reported The Star.

PETALING JAYA (July 11): A water tank on an 18m-tower at a school in Maran, Terengganu, burst and collapsed this morning, damaging three cars parked nearby, reported Bernama.

KUALA LUMPUR (July 11): Putrajaya is studying the possibility of increasing minimum property prices for foreign buyers Housing and Local Government Ministry secretary general Datuk Mohammad Mentek told a local business publication that “a new threshold will be set based on the condition of the local currency”.

KUALA LUMPUR (July 11): Johor Bahru MP Akmal Nasrullah Mohd Nasir has revealed that there is unfair allocation of low-cost and medium low-cost flats to squatters in the Johor Bahru area.

KUALA LUMPUR (July 11): China Communications Construction (ECRL) Sdn Bhd has begun laying off Malaysian staff less than a week after the finance ministry ordered the East Coast Rail Link (ECRL) project suspended.

PETALING JAYA (July 9): All 50 units of Ramah Pavilion condominium in Teluk Kumbar, Penang island, under the developer’s rent-to-own (RTO) scheme were taken up by interested buyers within two months after the scheme was introduced in mid-April.