Business premises: PUNB offers 50% discount on Oct-Dec rent
KUALA LUMPUR (Aug 11): Perbadanan Usahawan Nasional Bhd (PUNB) is offering a 50% discount on the rent of its business premises from October to December, 2020.
Airbnb seeks to resolve short-term rental cap with MPC, Tourism Ministry
KUALA LUMPUR (Aug 11): Airbnb wants to resolve the contention surrounding the 90- to 180-day restriction on short term rentals with Malaysia Productivity Corp (MPC) and the Ministry of Tourism, Arts and Culture.
Capital and rental values in global cities fall by 0.5% and 1.1% respectively in 1H20, says Savills
KUALA LUMPUR (Aug 10): The impact of the Covid-19 pandemic on prime residential values in cities around the world has resulted in a fall of 0.
Johor Rent-to-Own housing scheme needs review, says property consultant
PETALING JAYA (July 30): A property consultant has urged the Johor state government to review the Rent-to-Own (RTO) housing scheme owing to the current market condition that has been impacted by the Covid-19 outbreak, The Star report today.
Airbnb says Malaysian hosts broadly welcome its MMA-endorsed enhanced cleaning protocol
KUALA LUMPUR (July 29): Malaysian hosts have in general welcome Airbnb's Malaysian Medical Association (MMA)-backed enhanced cleaning protocol as communities reopen for travel in Malaysia, said the short-term rental accommodation company.
Provide cash grants to help ease SME's rental burden
KUALA LUMPUR (July 22): The International Strategy Institute (ISI) has suggested that the government provide cash grants for eligible small and medium enterprises (SMEs) in order to help ease their burden on mounting rental arrears that potentially could lead to bankruptcies.
Glomac dips into the red for 4Q on fair value losses, declares one sen dividend
KUALA LUMPUR (July 15): Impacted by a recognition of fair value losses on its investment properties, Glomac Bhd reported a net loss of RM8.
Pandemic puts downward pressure on office rents and occupancy
KUALA LUMPUR (July 14): Knight Frank Malaysia expects the Covid-19 pandemic to exert downward pressure on rental and occupancy levels in the oversupplied Klang Valley office market as the gap between supply and demand continues to widen amid weaker office demand and shrinking pool of tenants, it said in its latest Real Estate Highlights for 1H2020.
ISI suggests gov't to enact special COVID-19 Act on rental moratorium
KUALA LUMPUR (July 13): The government should enact a special COVID-19 Act on rental moratorium to relieve businesses from paying rental space that they have been deprived of using since the Movement Control Order (MCO) to ease the burden on the tenants.
Airbnb recommends extension of tourism incentives to STRA hosts
KUALA LUMPUR (July 7): Airbnb has lauded the Malaysian government for the several key incentives dedicated to businesses in the tourism sector under the economic stimulus packages and proposed that they be extended to short-term rental accommodation (STRA) hosts.
