After upgrade, KL33 owner plans to sell building
KUALA LUMPUR (Nov 9): The owner of KL33, KL33 Properties Sdn Bhd, is currently looking for a buyer for the building after significantly upgrading it, The Edge Malaysia reported in its latest issue.
CBRE-WTW: Ensure local buyers not affected by lower threshold for foreign ownership
PETALING JAYA (Oct 11): Real estate consultancy CBRE-WTW Managing Director Foo Gee Jen has mixed feelings over the government’s proposal to lower the foreign buying threshold for condominiums and apartments in urban areas from RM1million to RM600,000 in 2020.
Rehda’s RM3bil sales target at HOC 2019 ‘too hard to achieve’ - property consultants
PETALING JAYA (March 11): The goal of reaching RM3bil in sales during the course of the six-month Home Ownership Campaign 2019 (HOC 2019) may be difficult to attain, despite the discounts and initiatives offered by government and and developers, say property consultants.
Founder of WTW passes away at 92 years old
PETALING JAYA (March 8): Real estate veteran Colin Harold Williams (pictured), who founded the WTW real estate valuation and consultancy companies in Malaysia, passed away at the age of 92 on March 5.
Carless Jalan TAR may bring about revitalisation, say real estate players
KUALA LUMPUR (Feb 15): Real estate players are of the opinion that the 1km stretch closure to vehicles along Jalan Tuanku Abdul Rahman (TAR) would raise shop tenancy rates and revitalise the historical shopping thoroughfare.
AQRS on the up and up?
Gabungan AQRS Bhd CEO Datuk Azizan Jaafar says that its E'Island affordable housing project in Puchong, Selangor and The Peak, a high-rise residential project in Johor Bahru, will generate RM641 million in operating cash flow over the next four years.
One million affordable homes achievable, says real estate consultant
KUALA LUMPUR (Jan 16): The government's plan to build one million units of affordable homes within the next 10 years can be achieved albeit being a tall order, said CBRE|WTW managing director Foo Gee Jen.
JB’s high-rise residences vacancy rate expected to hit an unprecedented above 50% this year
KUALA LUMPUR (Jan 16): The vacancy rate of Johor Bahru’s high-rise residences is expected to hit above 50% for the first time in 2019, said CBRE | WTW Johor Bahru (pictured) director Tan Ka Leong.
Budget 2019: RPGT hike could discourage foreign property buyers, says CBRE|WTW
PETALING JAYA (Nov 2): The government’s move to increase the Real Property Gains Tax (RPGT) rate might send the wrong signal to the market, which is already “very soft” at the moment, and discourage foreign investments in the country, according to CBRE|WTW managing director Foo Gee Jen.
'Avoid new taxes and maintain RPGT rate in Budget 2019'
PETALING JAYA: The government should not implement new taxes on the real estate industry, especially counter-productive ones such as a vacancy tax, said the immediate past president of the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) Foo Gee Jen.
