Hektar REIT says plan to double assets value on track
KUALA LUMPUR (April 16): Hektar Real Estate Investment Trust's (Hektar REIT) plan to double its assets value to RM2.
KIP Group to open four new malls over the next three years
SUNGAI BULOH (March 11): Property developer KIP Group will add four new shopping malls to its portfolio, bringing the total number to 12 over the next three years.
Established malls record 92% occupancy rate
KUALA LUMPUR (Dec 7): Malaysia’s established mall operators recorded an average occupancy rate of 92% in 2018, according to a survey conducted by the Malaysia Shopping Malls Association (PPK).
Old, but still STRONG
Malaysians, especially the millennial generation, tend to have a special affinity for shopping malls as many of us grew up spending much of our leisure time in one of them especially the ones nearest to our homes.
It's curtains for the last Rock Corner in Malaysia
PETALING JAYA (Aug 28): The last Rock Corner music store is shuttering on Sept 2 after a 28-year run, reported The Star.
Yes, shops may charge you more to cover higher electricity tariffs, say retail and mall associations
PETALING JAYA (July 19): Businesses will likely be forced to pass on the burden of higher electricity charges that took effect this month to consumers, said associations representing retailers and malls.
Share unit weightage – the next ‘time bomb’ in property management?
KUALA LUMPUR (July 12): Malaysia Shopping Malls Association (PPK) committee member for research YL Lum foresees that the calculation of share unit weightage in strata-titled properties will be the next ‘time bomb’ in property management.
“Arbitrary” timeframe for property managers to register with BOVAEP should be removed, says mall association
KUALA LUMPUR (July 12): The 12-month grace period allowing practicing property managers without valuation credentials to register themselves with the government to gain official recognition should be removed as it is “arbitrary” and “irrational”, said a real estate industry leader.
Maintenance fees and inter-floor leakage top cases in Strata Management Tribunal
KUALA LUMPUR (July 12): Cases related to maintenance fees collection and inter-floor leakage top the list of claims filed by house owners to the Strata Management Tribunal (SMT), said Ministry of Housing and Local Government (KPKT) senior legal officer Roshan Karthi Kayan.
Freezing approvals of new shopping malls will affect the economy, says PPK
PETALING JAYA (Aug 24): Despite concerns over a possible oversuply of retail malls in the Klang Valley, the authorities should not freeze the development of new shopping malls because that would further dampen the already slow economy in the country, said Malaysia Shopping Malls Association (PPK) adviser Tan Sri Teo Chiang Kok.
