KUALA LUMPUR (Oct 10): Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) proposed that the government to promote rent-to-own (RTO) scheme as part of its wishlist for the upcoming Budget 2024 In a statement issued on Tuesday, the association noted that with the stagnant economy and the…
Read MoreGovernment urged to implement reforms in education systems By: Yip Wai Fong Labour shortage has become a linchpin in the property sector, choking outputs and driving up costs. The industry has tried coping with it as best as it could under the current policies that have affected the supply of both skilled and unskilled labour…
Read MoreRISM supports the government’s measures and strategies, said Adzman. PETALING JAYA: The Royal Institution of Surveyors Malaysia (RISM) has announced its full support for the government’s measures and strategies outlined in the 12th Malaysia Plan (2021-2025) and in particular, those aimed at improving strata housing management. This follows the recent passing of the 12th Malaysia…
Read MoreCompliance cost accounts for an estimated 21% to 33% of the gross development value (GDV) in townships. Overregulation and inefficiencies lead to higher costs in housing projects By Yanika Liew When it comes to the cost of developing property, construction, material and labour cost comes to mind but few people understand that a significant portion…
Read MoreUndervalued properties result in a lower loan By Yanika Liew When it comes to the valuation of potential development, property valuators use a method of comparison, by evaluating a development to its surrounding property prices without taking into account the new infrastructure and amenities the development put into place. So when developers contribute to the…
Read MoreKUALA LUMPUR (Oct 8): The Food Merchant will be unveiling its sixth outlet with a first-ever concept store, The Food Merchant Prelude, exclusively at Pavilion Damansara Heights tomorrow. As an anchor tenant at Pavilion Damansara Heights, The Food Merchant Prelude “features a grab-and-go concept which curates premium grocery shopping”, stated a media release byThe Food…
Read MoreSeated from left are Chong, Chua, Azmir, Koe, Star Media Group (SMG) chief executive officer Alex Yeow, Tong, Zulkifly, Ho and Wong. Standing from left are SMG finance controller Lim Sui Yuan, Ting, SMG chief business officer Lydia Wang, Beh, Lim and Gamuda Land executive director Ngan Chee Meng. StarProperty’s roundtable deep-dive into Budget 2024…
Read MoreKUALA LUMPUR (Oct 5): Inta Bina Group Bhd’s unit Inta Bina Sdn Bhd has received a RM100.50 million contract to develop a 24-storey commercial building in Shah Alam, Selangor. In a Bursa Malaysia filing on Thursday, the construction company said the contract period is 26 months starting on Oct 15, 2023. “Barring any unforeseen circumstances,…
Read MoreKUALA LUMPUR (Oct 5): Jasa Kita Bhd is disposing of a parcel of land for cash consideration of RM43.08 million in a related party transaction. The leasehold piece of industrial land, measuring 14,294 square meters, is located within the PKNS Setapak industrial area in Kuala Lumpur. In a bourse filing, Jasa Kita said the group…
Read MoreKUALA LUMPUR (Oct 6): Property developer Tropicana Corp Bhd has redeemed the second tranche of its sukuk wakalah programme worth RM179 million due on Friday. This is part of the RM1.5 billion sukuk programme issued by the group in 2020 to repay borrowings to unencumbered secured properties. The first tranche of RM465.5 million was redeemed…
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