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News by Edgeprop.my

Shah Alam, mature industrial areas to see greater redevelopment

Sim noted that despite rising land prices in Shah Alam, there are still factors incentivising logistics players to look into the locality. "These include Shah Alam’s central location providing opportunities for more delivery runs per day, as well as the advent of construction going into multi-storey to balance the real estate costs," he said.

13 July, 2020

Knight Frank: Residential market to see 'slow uptick' post MCO

 

“During the first half of the year, the central areas of Kuala Lumpur saw fewer residential project launches and lower levels of transactional activity. Still, against this backdrop, we observed active bookings of rightly positioned residential products of reputable developers in city fringe and popular / upcoming suburbs. The reintroduction of the HOC featuring stamp duty exemptions and the uplifting of margin of financing limit for the third housing loan onwards for property valued at RM600,000 as well as Real Property Gains Tax (RPGT) exemption unveiled in the short-term Economic Recovery Plan (PENJANA) will help to simulate the property market," said Sarkunan in Knight Frank's 'Real Estate Highlights 1st Half 2020' research report today.

13 July, 2020

Platinum Victory's upcoming Vista Sentul to bank on affordability

“We are also targeting investors as they can rent out the units to students especially those from Chong Hwa, with its international students and local ones from other states seeking to rent nearby the school,” said Platinum Victory executive director Gan Yee Hin.

10 July, 2020

Think you can get away with ignoring the Tribunal's awards?

On July 2, 2020, the Subang Jaya Magistrate’s (Municipal) Court convicted and fined a defendant (defaulting strata owner) who failed to comply with an award of the SMT ordering payment of outstanding charges and contribution to sinking fund within 30 days from the date of award. The presiding Magistrate, Barath Manian imposed a fine of RM5,500 on the defendant or in default one (1) month imprisonment. The prosecuting officer was Emyshimy Rizal Nasaruddin.

10 July, 2020
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