News by Edgeprop.my

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.

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.

Noteworthy:

• Built-up: 10,000 sq ft
• Land area: 1,280 sq m (around 13,778 sq ft)
• Freehold
• Partially furnished
• 5 bedrooms; 9 bathrooms
• Unique individual design

When: Sept 2021

In April, the World Health Organisation (WHO) updated its Q&A page on how aerosols can lead to long-range transmission of Covid-19 in poorly ventilated areas.

Noteworthy: 

• Built-up: 311,736 sq ft

• Land size: 13 acres

• Comes with 38 loadings with hydraulic dock levellers 

• Equipped with fire fighting and lightning protection systems

When: June 2021

In the first nine months of FY2021, S P Setia achieved a year-on-year (y-o-y) higher revenue of RM2.73 billion and profit before tax of RM353.7 million, mainly driven by progressive revenue recognition from the strong take-up rates achieved.

Moving to the Klang Valley, S P Setia has also unveiled the 3.5-storey EcoHill Mall which is scheduled for opening in the second quarter of 2022.

The average occupancy for the past few weeks since the travel ban lift has been approximately 40%, compared to 20% to 25% averagely before the interstate travel was allowed.

While upfront cost remains the main concern, there are some of the industry players are introducing instalment payment schemes, which could offer more affordable solutions for interested users and also help generate recurring income for the service providers.