Things to know before buying a strata home
Condos, apartments, serviced residences – these are becoming popular choices for urbanites, but many are not equipped with the basic knowledge of being a strata property owner.
Editor's Pick
80% of Strata Management Tribunal claims are fee related
Of the six common types of claims in the Strata Management Tribunal (SMT), 80% are related to collection or payment of fees, including maintenance charges and contributions, debts and interests, and unit shares.
Floods erode property value by 30%, say experts
The drop in property value is inevitable and among the options, owners can sell their existing assets to cut losses.
Gather Properties: EdgeProp can help us stand out
Gather Properties Sdn Bhd is excited about working with EdgeProp after signing a collaboration deal as the former feels the portal can be a big boost to its presence in the real estate segment.
Yong Tai turns profitable in 1QFY23
Yong Tai Bhd started its financial year ending June 30, 2023 (FY23) with a net profit of RM1.81 million for the first financial quarter ending Sept 30, 2022 (1QFY23), from a RM5.56 million net loss posted in the same period last year, mainly due to contribution from improved sales of completed units.
IOI Properties starts FY2023 with net profit triple than that of 1QFY2022
IOI Properties Group Bhd (IOIPG) recorded a stellar performance for the first quarter ended Sept 30, 2022 (1QFY2023), recording net profit of RM640.29 million, which was three times higher than 1QFY2022's.
UEM Sunrise posts net profit of RM20.35m in 3QFY22
UEM Sunrise Bhd posted a net profit of RM20.35 million or 0.4 sen per share in the third quarter ended Sept 30, 2022 compared to a net loss RM50.38 million or 1 sen per share in the same period last year on improved revenue contribution from the property development segment.
DONE DEAL: Factory, Seri Kembangan, Selangor
Noteworthy:
- Land size: 46,000 sq ft
- Built-up size: 25,000 sq ft
- Semi-furnished
- Nearby amenities: Convenience stores, schools, Amerin Mall, AEON Mall Cheras Selatan, The Mines Shopping Mall, LRT Sungai Besi,
- Accessibility :EKVE highway, SUKE highway, SILK highway
When: October 2022
IJM bags two building contracts in Penang for RM422.18m
The first contract is for the construction of a new chip assembly and testing facility with a value of RM341.39 million, while the second contract is for the construction of a 45-storey Maritime Signature commercial tower located at Karpal Singh Drive in Georgetown, valued at RM80.79 million.
Matrix Concepts' 2Q earnings down 2.4% as labour shortage weighs on construction activities
The group’s unbilled sales stood at RM1.4 billion as at Sept 30, 2022, providing earnings visibility over the next 12 to 15 months.
