Gig workers who do not have fixed income and job security make banks hesitant to approve them for housing loans. Freelancers, contract employees and other casual hirelings, otherwise known as gig workers, are changing the way traditional banks work in Malaysia. Quite a portion of a new generation of workforce make up the unsung heroes…
Read MoreKUALA LUMPUR (May 7): Ho Hup Construction Co Bhd’s RM1 billion mixed development project in Bukit Jalil will be suspended as it plans to sell the project’s 3.09-acre land for RM110 million cash. The disposal deal, inked between Ho Hup’s wholly-owned unit Bukit Jalil Development Sdn Bhd (BJD) and Exsim Development Sdn Bhd’s wholly-owned subsidiary…
Read MoreKUALA LUMPUR (May 7): A 47-year-old was confirmed dead while a 26-year-old man suffered serious injuries when a huge tree came crushing down on 17 vehicles along Jalan Sultan Ismail, just outside the Concorde Hotel, during a thunderstorm and heavy rain, at about 2.19pm here Tuesday. Apart from damaging vehicles passing by the busy segment…
Read MoreContributed by Datuk Chang Kim Loong THE Strata Management Tribunal was created following the Strata Management Act 2013 (SMA) which came into force on June 1, 2015. This quasi-judicial body is authorised to decide on disputes or complaints concerning the performance of duties and exercise of powers conferred or imposed by the Act. Parties bound…
Read MoreIn the realm of Malaysian rental payments, the illustrious Baby Boomers, hailing from the golden era between 1946 and 1964, reign supreme as the vanguards of high-value rent contributions. Their average monthly rental sum of RM2,120 eclipses that of the esteemed Generation X (Gen X), the stalwart descendants of the subsequent era of 1965 to…
Read MoreKUALA LUMPUR (May 6): NCT Group of Companies has signed memorandums of understanding (MOUs) with SMARTSEL Sdn Bhd and Mikro Sdn Bhd to scale up the capabilities of the NCT Smart Industrial Park (NSIP), while introducing advanced sustainability practices geared to positively impact its carbon footprint. In a statement on Monday, NCT said the MOU…
Read MoreKUALA LUMPUR (May 6): Gamuda Land, the property arm of Gamuda Bhd, welcomed new tenants to its Quayside Mall and an international school to its Quayside Tower, through a memorandum of understanding (MOU) signing ceremony on April 25, according to a press statement on Monday. Both the mall and the tower are part of the…
Read MoreWong (left) and Teh taking a photo with the scale model of one of the units. SEPANG: IOI Properties Group (IOIPG) celebrated the groundbreaking for Senna Puteri, its newest township spanning 117 acres in Klang Valley South. Sited near Bandar Baru Salak Tinggi, Senna Puteri leverages on the group’s strategic landbank, with connectivity to the North-South Expressway…
Read MoreA smaller unit in a smaller world By Yanika Liew As Malaysia sees a slowdown in population growth, families across the nation are getting smaller and smaller. Swap out the stereotypically large landed properties for high-rise units, because family homes may mean something different today. Between the necessity of space and privacy, architects navigate new…
Read MoreKUALA LUMPUR (May 2): UOA REIT, a trust which mainly manages commercial properties, said its net rental income fell 12.7% in its quarter ended March 31, 2024 (1QFY2024) due to lower occupancy rates and higher property operating expenses. Net rental income fell to RM18.48 million from RM21.17 million a year earlier, as gross rental dropped…
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