Author: Charles Tan
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Press Release: KL 33 PROPERTIES UNVEILS INDUSTRY’S FIRST COVID-19 SECURE OFFICE
As businesses refocus operations from Covid-19 preparedness to business recovery, it is time for the property sector to rethink how commercial office space can be revitalised and re-opened to ensure workplace continuity and wellness. This is the message from KL 33 Properties Sdn Bhd (KL 33 Properties), owner of Menara KL33, to office building owners, landlords…
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Press Release: Hotel recovery will be U-shaped and varied across countries and regions; domestic travel will return first
Press Release from Colliers International Hotels across Asia Pacific continued to experience poor performance in Q2, with overall room occupancy and average daily rate (ADR) showing decreases to 33.9% and US$60.32, respectively 2. Revenue Per Available Room (RevPAR) for the region declined by some 69.9% year-on-year 3. In terms of room occupancy, most markets…
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Not built, so compensation will be paid for PR1MA developments.
Anyone here bought PR1MA projects and is today staying in one? Please share your experience yeah. What about those who bought and is now informed that the PR1MA project is cancelled? Well, for those projects which will not be proceeding, compensation will be paid so that the government reduce their losses. Yes, I do wonder…
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Worst is over. Gradual recovery is the flavour.
As usual, another someone said I am too positive. Haha. Anything wrong with being positive yeah? By the way positive does not mean I am not objective yeah. Just that from the two sides of a coin, I see the brighter part more, that’s all. Some may prefer to see the more negative part, that’s…
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Astonishing? Record property transactions after lockdown.
I remember that the first time my wife was able to drive out by herself to the supermarket, she bought many things. I meant, MANY things. Well, the Movement Control Order (MCO) has caused some changes in her. Fortunately, it’s just groceries. In some countries, it’s called revenge buying and it may not be groceries.…
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Buyer must BE AWARE too, else no one can save them when things go wrong.
My views were featured in an article in FreeMalaysiaToday.com recently. These days, cashbacks are becoming a huge issue because this is one way to entice potential homebuyers. What has happened for some buyers is that they chose the one wish the most cashback as their top choice. Sigh… guess what happens if the whole development,…
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Own a unit and left it empty? Some countries have VACANCY TAX.
Some time back, I wrote about this: If you leave it empty, I will charge / tax you. Briefly; vacancy tax potential for people who have units which were left empty. Well, it has not happened yet and may not happen so soon but if it happens, this is not just for Malaysia yeah. This…
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Don’t worry? GDP contracted by 17.1% Q2 2020.
This was the title in an article in channelnewsasia.com, “Malaysia economy contracts 17.1% in 2nd quarter, worst slump since 1998 financial crisis” (yeah, you can click to read the article if you like). Briefly, it looks bad, really bad when it comes to the GDP of Malaysia for Q2 2020. When the economy is in…
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Distortion of property values when prices are artificially inflated.
There was one recent article which talked about distortion of property values. It was about cashback and The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) president Michael Kong says that those who inflate prices to make cashback offers aimed at enticing homebuyers must be closely monitored…