News about rental

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.

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.

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.

KUALA LUMPUR (July 15): Impacted by a recognition of fair value losses on its investment properties, Glomac Bhd reported a net loss of RM8.

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.

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.

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.

GEORGE TOWN (July 1): Most owners and building managements in Penang have been very cooperative in offering rental deductions and exemptions to traders during the enforcement of the Movement Control Order (MCO).

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.

SHAH ALAM (June 19): The Selangor government extended the period for the payment of land premiums and the exemption of rent for premises owned by local authorities as an initiative to restore the state's economy following the Covid-19 outbreak.