Local Government Development Minister Nga Kor Ming found himself and his ministry under attack for wanting to learn from the highly acclaimed Housing & Development Board (HDB) of Singapore. It is incredible how an attempt to improve the Malaysian public housing model, which is totally outdated and no longer feasible, could be viewed in a negative light. Instead of sticking our heads further into...
Let’s say you buy a three-room condominium unit for RM500,000 with a 10% down payment. The remaining is financed through a 35-year mortgage worth RM450,000, at 3.5% interest, which works out to a monthly repayment of RM1,860. With service fees, sinking funds, and other expenses, your cash outflow would be RM2,300 a month. How might you earn rental income from this property? Here are three ways. 1....
Airbnb announced that it has shared “detailed feedback and policy recommendations” with the Penang government’s executive committee in light of the state’s plan to regulate local short-term rental accommodation (STRA). Aimed at empowering local residents, these recommendations are focused on a balanced and simple approach towards regulating STRA, and are shaped by regulations that have been...
2022 came in as a recovery year when the Covid-19 pandemic was recategorised into an endemic. Unfortunately, the Ukraine War, which started on Feb 24, has taken a toll on all international markets. This war is expected to continue more into the cold winter months and demand for oil and gas (O&G) will continue to peak resulting in higher fuel prices. This has also resulted in escalations in raw...
The recent Malaysia Developers Awards (MDA) can help serve as an indication as to which company to approach when seeking to buy a property as they have proven to be financially strong and have the capacity to build quality homes. But adding to that list, here are several more reputable developers to consider. There is no shortage of candidates as every developer is ramping up their activities and...
The new unity government is expected to outline clear and consistent policies to strengthen the Malaysian market, which will be impacted because of global macroeconomic headwinds. According to Knight Frank Malaysia (KFM) group managing director Sarkunan Subramaniam, Malaysia needs to bring back investors’ trust and faith in order to see recovery across all sectors. “The global macroeconomic...
Bonia Corp Bhd’s wholly-owned subsidiary, Maha Asia Capital Sdn Bhd (MASB), has inked a Sale and Purchase Agreement (SPA) to acquire a piece of freehold land in Kuala Lumpur (KL) from Resaa Properties Sdn Bhd for RM35.51 million. The acquisition includes land measuring 1,403.71 sq m as well as a double-storey bungalow and guard house, it said in a filing with Bursa Malaysia. Bonia opined...
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