In stratified properties such as condominiums, apartments, or gated communities, the Management Corporation (MC) plays a crucial role in managing and maintaining the common areas and facilities. However, in larger or more complex developments, a Sub Management Corporation (Sub MC) may also be established. But why is a Sub MC...
The Housing and Local Government Ministry is targeting to generate RM180 billion property sales across all sectors this year, said its minister Nga Kor Ming
These overhang properties are concentrated in key urbanised areas, such as KL
Unpaid maintenance fees in Malaysia’s strata developments have reached concerning levels, with arrears estimated in the hundreds of millions, and potentially billions, if left unaddressed. Low-cost housing schemes, in particular, are facing the brunt of the issue, with up to 50% of units struggling to keep up with payments.
Malaysia’s property sector is poised to gain momentum as demand for data centres and industrial properties continues to rise, enhancing the value of landbanks held by property developers. According to MIDF Research, the sector is expected to remain resilient, supported by the stable overnight policy rate (OPR) of 3 per...
The implementation of e-invoicing for Joint Management Bodies (JMBs) and Management Corporations (MCs) has sparked significant debate among property stakeholders. While the government’s push for digitalization aims to streamline tax administration and reduce fraud, many argue that the new requirement places an unnecessary burden on JMBs and MCs, which are...
Malaysia’s property market is experiencing a significant surge, drawing attention from investors and homebuyers alike. This growth is fueled by a combination of economic recovery, government initiatives, and shifting market dynamics. Here’s a closer look at the factors driving this upward trend.
Minister of Tourism, Arts and Culture Datuk Seri Tiong King Sin has emphasised that the Malaysia My Second Home (MM2H) programme is not meant only for Chinese nationals but is open to applicants from any country worldwide.