News by Rachel Chew

The objective of the Awards is to raise the bar on the quality and sustainability of Malaysian property, benchmarking it against the best-in-class globally.

The first of its kind, EdgeProp Malaysia’s Best Managed & Sustainable Property Awards 2021 was introduced in 2017. The Awards’ objective is to benchmark and raise the bar on the upkeep quality and sustainability of real estate in Malaysia.

The newly introduced awards’ category is “Repurposed Building”, which recognises the recycled old buildings, or adaptive reuse to extend the usefulness of a building by changing its function while keeping the structure.  

For the majority of the middle-income group, there is no exciting new tax incentives to spur buying interest.

Leong commented that overall, Budget 2021 would help to alleviate the people’s burden in owning their homes, which indirectly stimulates the property market.

Rehda Malaysia president Datuk Soam Heng Choon: Rehda welcomes the [stamp duty exemption for first residential home] as part of the government’s initiative to encourage homeownership amongst the Rakyat, which was also our Budget Wish list to the government.

“I found this budget has really addressed what the country needs... I like the incentives for businesses to establish themselves in Malaysia, focus on improving infrastructure for existing industrial estates, and of course, spending money to develop new infrastructure,” said Previndran.

CGS-CIMB Research analyst Sharizan Rosely said the tenancy drop-out for Robinson’s outlet in The Gardens Mall will negatively impact IGB Real Estate Investment Trust (IGB REIT). However, he believed that the damage is manageable

Repurposing the vacant spaces to generate income

The appointment is following the resignations of Subimal Sen Gupta Sen and Anwar Syahrin Abdul Ajib last month.