The average house price in KL for the year 2000 was RM245,249 and RM708,812 in 1Q2021, with a 5.6% average annual change over the 20 years. The most significant yearly change is in 2012, with a 17.48% increase. There were continuous declines in the pattern of price growth for 2018, 2019 and 2020 with -4.53%, -12.76% and -4.13%, respectively.

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.

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.

The company also foresees a pick-up in transactions before the home-ownership campaign (HOC) ends on Dec 31, 2021, supported by the current low interest environment and its online sales capability.

... on factors including rising fuel prices and discontinuation of electricity bill discounts by the government.

He said that in the past there was no law that could specifically protect Malay reserve land, to prevent any party who wanted to change the status of the land.

Based on the Health Ministry’s COVIDNOW portal, 22,944,240 individuals or 98% of the adult population had received at least the first dose of the vaccine.

In line with our new direction, we will be stopping the EdgeProp Malaysia’s weekly – you are now reading its final edition. Rest assured however, that in the days ahead, our portal – www.edgeprop.my – will be an even more compelling destination for everything property, one that anyone who has an interest in real estate could not afford to ignore.

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.