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.

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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.

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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.

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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).

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