There is no provision under the Third Schedule of the Strata Management (Maintenance And Management) Regulations 2015 that prohibits short-term rentals.

The retail segment is the largest segment for the REIT, contributing over 76% of net property income (NPI) in the first nine months of financial year 2019 (9MFY19).

AGMs shall be held once every year provided that no more than 15 months shall lapse between the date of one AGM and the next. This means that Nancy’s JMB shall convene the next AGM no later than Aug 31, 2020.

Selangor tops the list with 96 deals of which 45 were commercial lots and 30 were land deals. There were also 20 commercial properties and one agricultural land deal.

Named after the late tin tycoon Chan Sow Lin, the area is home to many old and established manufacturing factories, warehouses and car service centres. However, new developments can be seen popping up in this place over the past few years, including Mah Sing Group Bhd’s Southgate Commercial Centre, The Trax mixed development by Utusan Melayu (Malaysia) Bhd and One Residences serviced apartment by Akisama Group. More developments are on the way, including a 66-storey skyscraper.

Buildings in Malaysia undergo vigorous and stringent compliance for purposes of design, construction and occupation. Generally, there are adequate laws and regulations that cover all aspects of building design, safety, piling, structure, slopes, roads, drains, fire protection, electrical installation, mechanical engineering for lifts, pumps and pipes, etc. In this respect, homeowners must be wary of unscrupulous players in the industry that deliver buildings of substandard workmanship or specifications.

The company’s most recent launches, Phase A1 of Setia Safiro and Phase 1 of Setia Mayuri, were sold out during their launches this month.

Axis REIT has a number of ongoing asset acquisitions at a total estimated value of RM200 million. They include two industrial facilities in Shah Alam (RM55.8 million), two industrial facilities in Nusajaya (RM55.8 million) as well as an industrial facility in Kota Kinabalu (RM60 million).

Gadang eyes securing more contracts from the revival of the East Coast Rail Link (ECRL) and Bandar Malaysia Projects.

The dividend yield for CMMT is also high relative to the sector. However, we believe CMMT would likely lag its peers until we see an improved contribution from The Mines and Sungei Wang Plaza.