According to the findings by Knight Frank Malaysia, the rental of workers’ accommodation could be as low as RM155 per bed a month, up to RM300 per bed a month, depending on the service packages (including utilities, transportation, food caterings and periodic health screenings), location of PBWA and adherence to local or international standards.
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:
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.
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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.
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