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A property agent told a seminar that an investor had asked him to help sell two 500 sq ft units in Cyberjaya recently. The investor lives in Puchong with his family. “I told him to rent out his Puchong house and to go and live with his family in the two small units in Cyberjaya,” he said. Subsequently, the agent received a string of calls asking him to sell their Cyberjaya units.
SARAWAK'S Industrial Development Ministry is constructing 68 more semi-detached factories in Demak Laut Industrial Park, Kuching, for rent to small- and medium-scale industries (SMIs), according to assistant minister Datuk Awang Tengah Ali Hassan.
KUALA LUMPUR: Office rental is expected to come under greater pressure in about a year or two with landlords going as far as giving longer rent-free periods of up to six months and upon renewal of tenancy, said Sarkunan Subramaniam, managing director of real estate consultancy Knight Frank Malaysia.
PETALING JAYA: Property consultants are urging the government to consider a moratorium on quit rent and assessment tax for the second half of 2020, due to the Covid-19 pandemic which is affecting businesses everywhere.
KUALA LUMPUR: Eco World International Bhd (EWI), which staged a turnaround in the first half ended April 30, 2019 (H1 FY19), expects to be on track to record a substantially higher profit in the second half of FY19.
KUALA LUMPUR: Eco World International Bhd turned profitable in FY2018 ended Oct 31 with a net profit of RM35.24mil as compared to a net loss of RM87.63mil in the previous financial year due to contributions from its UK joint venture's projects in the Built-to-Rent (BtR) subsector.
Joint venture offers wider portfolio of products covering mainstream segment in addition to EWI’s luxury portfolio
KUALA LUMPUR: Bank Negara Malaysia has proposed a five-pronged strategy as a holistic approach to effectively bridge the affordable housing gap in Malaysia.