Malaysia’s headline interest rate, the overnight policy rate (OPR), has been maintained at 3% following the Monetary Policy Committee (MPC) meeting on Wednesday, said Bank Negara Malaysia (BNM).

Noteworthy:

• Built-up size: 2,153 sq ft
• Freehold
• Fully furnished
• 3 bedrooms, 3 bathrooms
• Nearby amenities: Bukit Bintang MRT Station, Raja Chulan and Jalan Imbi Monorail Stations, shopping malls, F&B outlets, Taman Eko-Rimba KL (TERKL), Stadium Negara, Tung Shin Hospital, KLCC Park
• Accessibility: AKLEH, MRR2, Federal Route 1, MEX, SMART Tunnel

When: November 2023

The event gathered stakeholders from more than 40 organisations, including those from government agencies, property developers, associations as well as financial institutions.

Loke also said signing the concession agreement early gives certainty to the private-sector operator to further invest in the infrastructure. 

Voon, 66, will replace Datuk Ho Hon Sang, who has been at the helm since 2016 and cited retirement as the reason for his resignation.

Under the new agreement, the government will stop paying ERL fees or charges from the collection of passenger service charges (PSCs) starting from 2029.

Aiman said that the developer must, however, comply with the conditions set by financial institutions to ensure that the loan is approved.

Talisa, the second phase of Bangsar Hill Park (BHP) development, was launched during the weekend (Jan 20), along with the unveiling of BHP’s new property gallery in KL Gateway Mall in KL.

The Urban Renewal Implementation Guidelines (GPP PSB), launched by the Housing and Local Government Ministry (KPKT) in September last year is seen as a precursor to the Urban Renewal Act, which is expected to be tabled  this year. 

It takes a holistic approach to managing a strata residential property successfully, which includes financial sustainability, regular maintenance, an active community and a community that equips itself with the right property management knowledge, as discussed during the second day of The Edge Malaysia Property Management Virtual Talk 2024 on Saturday.