The Ministry of Housing and Local Government’s (KPKT) proposed Residential Tenancy Act (RTA) contains incomprehensible sections and should be reconsidered (HBA) to protect property owners, according to the National Homebuyers Association. Datuk Chang Kim Loong, Honorary Secretary-General of the HBA, said that not only are some of the laws unnecessary, but they may also be...
Read moreAccording to JLL’s latest Hong Kong Property Market Monitor Report, overall Grade A office leasing activity recorded net absorption of 647,100 square feet in January 2022, just before the pandemic took a turn for the worse. Hong Kong’s office market recorded positive net absorption for the fourth consecutive month, thanks to improving occupier demand and...
Read moreKUALA LUMPUR (March 8): A new survey has found that over half of all respondents are likely to stay at short-term rental accommodation when they travel domestically and more than two thirds (68%) of Malaysians surveyed are likely to use Airbnb when they next travel. In a poll released Monday (March 7), online marketplace for...
Read morePETALING JAYA: Tropicana Aman, an 863-acre township by Tropicana Corporation Bhd (Tropicana), recorded a 100% take-up for Freesia Residences and Gemala Residences. “With the positive response to Tropicana Aman’s first five landed phases, our marketing and project teams worked closely to deliver market-driven products centred around our development DNA. Our marketing and sales team also...
Read moreKUALA LUMPUR (March 5): The recently approved Mass Rapid Transit 3 (MRT3) Circle Line project is set to catalyse socio-economic growth throughout Malaysia, according to Mass Rapid Transit Corp Sdn Bhd (MRT Corp) chief executive officer Datuk Mohd Zarif Hashim. In a statement Friday (March 4), Mohd Zarif said this would in turn increase the...
Read moreTropicana Corporation Berhad has donated 0.19 hectares (ha) of land to the Langkawi state government to upgrade the existing Pantai Kok Rest and Recreation (R&R) facility. The renovation work, which includes expanding the centre’s existing facilities from five to eight commercial lots, is expected to be completed in the third quarter of this year. The...
Read moreThe Ascott Ltd, the lodging business arm of Singapore’s CapitaLand Investment Ltd, is expanding its presence in Malaysia, despite the ongoing Covid-19 pandemic, Mondi Mecja, Ascott’s country general manager for Malaysia, said that there are plans to open three more properties in Kuala Lumpur and Penang by the third quarter of this year. He said...
Read moreThe proposed Residential Tenancy Act (RTA) by the Ministry of Housing and Local Government (KPKT) will hurt the rental market, according to the Malaysian Real Estate and Housing Developers’ Association acting president, Datuk NK Tong. Tong said some proposals in the Act should be carefully reviewed and reconsidered; otherwise, the impact on the industry could...
Read moreALAN, a 22-year-old technician who’s renting an apartment in Kuala Lumpur with his mother, rides home from work everyday on his motorcycle while juggling bottles of water. The piping in his apartment is in urgent need of being replaced – something his landlord has agreed to fix. But that was three months ago. “I have...
Read moreGerman semiconductor manufacturer Infineon Technologies will be building a third manufacturing line, or module, at its Kulim plant in Kedah, Malaysia. More than EUR2 billion (RM9.4 billion) will be channelled into the construction of this third module which will be responsible for boosting the production of wide bandgap semiconductors based on silicon carbide (SiC) and...
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