The Strata Management Act 2013 (SMA 2013) came into force in most of the states within Peninsular Malaysia on June 1, 2015. What is also significant is that it sought to provide a uniform share unit formula amongst the different states within the Peninsular.
In Part 1 of Need to Change published on Feb 1, 2025, JPN and I (we) outlined the parameters and explained why a change to the Strata Management Act 2013 (SMA 2013) and the subsequent Acts is necessary.
Retail and malls are deeply intertwined, forming dynamic ecosystems that not only foster and sustain the growth of countless retailers but also shape consumer experiences and market trends. Shopping malls have evolved far beyond their traditional role as mere shopping destinations—they have...
The National House Buyers Association (HBA) gave a response to PM Datuk Seri Anwar Ibrahim's assertion that that housing projects in Malaysia, especially affordable housing, must adhere to a humane concept. He stated that these developments should prioritise the well-being and dignity of the...
The construction industry is headed for a boom year as Malaysia’s economy is expected to grow. Furthermore, the industry will partake in the RM120bil development work slated under Budget 2025, where the government allocated RM86bil for development expenses, while the rest will be public-private...
Glomac Bhd and Maybank today commemorated the establishment of Glomac’s Islamic medium-term notes programme of up to RM3bil in nominal value based on the Shariah principle of Wakalah Bi Al-Istithmar (Sukuk Wakalah Programme).
The Asia-Pacific office market encountered significant challenges in 2024, with prime office rents declining by 1.6%—a slight improvement from the 2.4% drop in 2023. However, resilience emerged in select markets, as 16 out of 23 monitored cities reported stable or rising rents, particularly in...
There is high anticipation for Malaysia’s industrial sector as the country moves further into 2025, driven by strong government policies, improved foreign direct investments (FDIs) and the continued adoption of Industry 4.0 technologies.
The UMW High Value Manufacturing (HVM) Park, developed by UMW Development Sdn Bhd has received the Special Mention in the Malaysian Institute of Planners Planning Excellence Awards (MIPPEA) 2024 Award, for Design Excellence in the Masterplanned Development – Large Scale (250 acres and above)...
The North Kedah Special Economic Zone (SEZ) in Bukit Kayu Hitam, Malaysia, represents a transformative opportunity for the country to establish itself as a leading hub for data centres and industrial growth in Southeast Asia. Strategically located at the Malaysia-Thailand border, Bukit Kayu Hitam...