If landlords were to get together, there would be a number of not-so-pleasant tales exchanged about their experiences with tenants. According to lawyer Chris Tan of Chur Associates, the common complaints from landlords include tenants defaulting on rent, running away and making improper use and not taking care of premises.
It was after 7pm last Tuesday when City & Country finally managed to catch Kuala Lumpur Mayor Datuk Ahmad Fuad Ismail in his office located smack in the heart of Kuala Lumpur.His office and the guests’ waiting area were a hive of activity; among those in the queue was a foreign delegation waiting to pay Datuk Bandar a courtesy call.Our meeting with Ahmad Fuad finally got underway but by 8pm
Travelling along the SILK highway approaching the town of Kajang, Selangor, one can see numerous property developments. The town famous for its satay is now seeing its vicinity become more vibrant due to improved infrastructure that has increased the investment prospects of the properties in this area.
As the Malaysian economy lurches inexorably towards an economic contraction, the prospects for the property sector do not look encouraging. In Johor, the recessionary pressures afflicting the region, especially neighbouring Singapore, may mean that the southern state’s property market could experience greater stress. However, in the middle of every difficulty lies opportunity.
JOHOR BARU: Cash-rich homebuyers are now in a "strategic" position to cherry-pick properties in Johor, says KGV-Lambert Smith Hampton Johor’s director Samuel Tan.
HONG KONG: Hong Kong's office occupancy cost is the highest in the world in 2009, according to the latest Global Office Real Estate Review published by Colliers International.Despite the year-on-year (YoY) drop of 4.8% in occupancy cost from US$181.73 psf in the Central Business Districts (CBD) to US$178 psf, Hong Kong has moved from second to the top in the ranking of 50 countries.Colliers H
Sky bridges and covered walkways between buildings may not be a common sight in Malaysia but this looks set to change.In the just unveiled RM60 billion mini-budget designed to shore up our economy amid a global contraction, RM100 million has been allocated to build sky bridges and covered walkways between buildings, mainly in the Golden Triangle of Kuala Lumpur.All Malaysians would be familiar
Property hot spots in the Klang Valley are losing their shine in the current property downturn.According to Ho Chin Soon (picture) of Ho Chin Soon Research Sdn Bhd, locations like the Kuala Lumpur’s Golden Triangle and the exclusive Mont’Kiara enclave, for example, are less hot these days.
Despite the tight office supply situation in the Klang Valley, office rent had showed signs of levelling off in 4Q2008. Rents are expected to be on a downward trend in the later part of this year due to weaker demand for occupancy.“Basically, there is no expectation for growth in office rent for the coming two years.
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