News by EdgeProp.my

Court of Appeal, Joint Management Body (JMB), High Court, Strata Property Owners Association Selangor, SPOAS

“Developers cannot arbitrarily increase the price from RM500,000 to RM600,000 because of the lowering of the threshold.”

“We want to ensure that we are delivering quality affordable housing units as they are to be homes, not some concrete space. The units must be checked to ensure they can provide a conducive environment.”

A start-up has managed to make things cheaper immediately, by eliminating the security deposit, and offering the same function to landlords as the security deposit in the form of insurance.

Part of MEH’s measures to pare down debt and complete the long-delayed ECD1.

The refurbishment project is part of the Sayangi Rumahku campaign, a joint effort by EdgeProp.my, Paramount Property Development and Nippon Paint Malaysia in support of the National Community Policy or Dasar Komuniti Negara (DKN) formulated by the Housing and Local Government (KPKT) Ministry to improve the lives of the B40 group.

“However, the property overhang is attributed to various factors such as mismatch of products and location rather than pricing alone. Some units remain unsold due to less favourable location in terms of accessibilities, distance and lack of amenities as well as product type.”

While others might feel some concern over the debt level, the group's CEO Datuk Chang Khim Wah is not worried and believes that it is manageable.

Under Budget 2020, the RPGT rate is maintained at 5% (10% for companies and foreign owners) if the property is sold after the fifth year, however, the valuation base year has been adjusted to year 2013, from year 2000.

The capsule hotel opened in 2014 at level 1 of klia2’s landside area. Due to ample demand, CapsuleTransit underwent two expansions in 2015 and 2017. It now offers 204 pods.