news

EdgeProp Malaysia realigns future direction

In line with our new direction, we will be stopping the EdgeProp Malaysia’s weekly – you are now reading its final edition. Rest assured however, that in the days ahead, our portal – www.edgeprop.my – will be an even more compelling destination for everything property, one that anyone who has an interest in real estate could not afford to ignore.

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More than just workers’ accommodation

According to the findings by Knight Frank Malaysia, the rental of workers’ accommodation could be as low as RM155 per bed a month, up to RM300 per bed a month, depending on the service packages (including utilities, transportation, food caterings and periodic health screenings), location of PBWA and adherence to local or international standards.

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Workers’ accommodation: A new investment asset?

Since the amendment of Act 446 came under en­forcement last year, there is a surge of demand on workers’ dormitories that fit the requirements. However, the main problem is there is not enough supply to meet the demand as the busi­ness owners did not expect the Act to be enforced on such short notice.

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Heritage building restored, childhood memories relived

Selling it was always an easier option than restoring the building. But bringing back the beauty of the building and leaving a part of history for Penangites and our children was a quest worth going into. We wanted to bring back the former glory of this stately build­ing,” said Datuk Ooi Sian Hian.

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