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Datuk Teo Chiang Quan PETALING JAYA: The Malaysian property industry has lost an icon in Datuk Teo Chiang Quan, who passed away on Monday due to complications from an unexpected illness. To various property players and consultants, the Paramount Corp Bhd chairman and executive director will always be remembered as a mentor, a gentleman and his passion for the industry. Housing and Local Government (KPKT) Minister Datuk Zuraida Kamaruddin said Teo was an icon among Malaysian property developers and led Paramount Corp to great heights. “Despite his success, Teo did not forget to contribute back to the country and community. ....
Property experts believe that branded residences will have a special place in the real estate industry because of their unique offerings as well as the attention to detail and quality service provided. These products appeal particularly to high-net-worth individuals (HNWIs) with discerning tastes and who are willing to pay a premium for a luxury lifestyle. From a transactional standpoint, property experts believe branded residences will continue to see steady demand despite the Covid-19 pandemic and ongoing economic challenges, especially those with strong brand names. “The traditional branded concept is a hotel-led development with integrated or linked residences. They naturally benefit from the hotel brand (quality), management (smooth running) and services (luxury). In essence, this gives the owner the comfort and permanence of a home but with the full benefits and luxury of a five-star hotel,” says Knight Frank Malaysia associate director of international project m ....
Working for now: The WFH concept is the preferred option in a pandemic, but it is not without its flaws. ABOUT a year ago, the Covid-19 pandemic ended up drastically changing working practices, with the concept of working-from-home (WFH) becoming the new norm. The office property market, which was already facing an oversupply situation for years, was hit with another huge blow by the pandemic. A year on, while the world is still in the thick of arguably its worst health crisis in a century, the outlook is looking less bleak as countries all over the globe have either started or will commence rolling out their vaccine initiatives. ....
Share Only properties in Malacca had a median of three, while all other states in Malaysia had a median of 3.1 and higher. THE STAR Malaysia property overhang may stabilise slightly Wed, 3 February 2021 The level of residential property overhang in Malaysia may stabilise slightly this year, but is expected to remain high as the price-to-income ratio continues to affect affordability. Rahim & Co International Sdn Bhd research director Sulaiman Saheh said there were 57,390 overhang units of residential, serviced apartments and small office home offices worth 42.49 billion ringgit ($10.5 billion) as of the third quarter of 2020. “The overhang levels continued to increase in 2020. This year, with the movement control order enforced and affordability still an ongoing issue, it will still continue to go up,” he said at a virtual press conference following the launch of Rahim & Co’s 2020-2021 market review. ....
At the launch of Rahim & Co’s 2020/2021 market review earlier this week, Rahim & Co real estate agency chief executive officer Siva Shanker said the recent spike in Covid-19 cases has pushed all hopes of a strong market recovery to 2022, at best WITH the recent spike in Covid-19 cases, any projected recovery that had been slated for the local property market for 2021 will likely have been deferred. However, that is not to say that there aren’t any opportunities to be tapped in a soft property market. At the launch of Rahim & Co’s 2020/2021 market review earlier this week, Rahim & Co real estate agency chief executive officer Siva Shanker said the recent spike in Covid-19 cases has pushed all hopes of a strong market recovery to 2022, at best. ....