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.
Call for moratorium on private housing rental
KUALA LUMPUR (June 29): Parti Sosialis Malaysia (PSM) and a group of 16 non-government organisations (NGOs) that have joined hands to create the Rent Freeze Committee are calling for a moratorium on all private housing rental for a one year period.
Hong Kong: Owners prepared to cut rents rather than selling at a loss
KUALA LUMPUR (June 24): A myriad of events are eroding rents in Hong Kong.
Trouble brewing in bubble tea haven
The comfort food (or drink to be precise), that is bubble tea needs no introduction.
Covid-19: Stricter SOPs needed for short term rentals
PETALING JAYA (May 22): More stringent Standard Operating Procedures (SOP)s for short term rental operations in strata buildings are needed to prevent the spread of diseases such as the Covid-19, said Henry Butcher Mont’ Kiara executive director Low Hon Keong.
CMMT’s 1Q NPI falls on lower rental income amid MCO
KUALA LUMPUR (May 21): Capitaland Malaysia Mall Trust (CMMT) said its earnings in the first quarter ended March 31, 2020 was affected by lower rental income from its shopping malls, following the implementation of the movement control order (MCO).
MoH: No legal action against parents taking kids to public places for now, but please refrain from doing so
KUALA LUMPUR (May 19): The Ministry of Health (MoH) says parents or guardians should not take children to crowded places such as shopping malls, despite the declining trend of new Covid-19 cases in the country.
Amanah Harta PNB 1Q net income slips 1.7% on higher property expense, lower rental income
KUALA LUMPUR (May 6): Amanah Harta PNB (AHP) saw a 1.
CMMT commits to RM35m in rental relief for non-essential services tenants
KUALA LUMPUR (April 30): CapitaLand Malaysia Mall Trust (CMMT) has committed to RM35 million in rental relief for shopping mall tenants in non-essential services during the movement control order (MCO) period.
