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How to Avoid Nightmare Tenants? Tenants Can Make Or Break Your Real Estate Investment

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How to Avoid Nightmare Tenants? Tenants Can Make Or Break Your Real Estate Investment Published EVERY FRIDAY FRIDAY, DECEMBER 11, 2020 . issue 3147/2020 . PP19055/06/2016(034530) DIGITAL EP EP EP EP 15 06 FEATURE05 FEATURE07 PROPERTY CHAT LETTERS TO THE EDITOR Inheritance Yes, laws A sanctuary tax akin to to curb where city-living Upscale high-rise punishing annoying intertwines living in a dream people’s neighbours with nature address savings needed How to avoid NIGHTMARE TENANTS? Tenants can make or break your real estate investment. How do you screen tenants? How to get rid of the rogue ones? Experienced realtors share their advice on Pages 8 to 11. Stay updated on the latest news at www.EdgeProp.my EP 2 FRIDay december 11, 2020 Is your building THE BEST MANAGED & SUSTAINABLE PROPERTY in Malaysia? Enter ENDORSED BY AWARDS OBJECTIVE Promote sustainable real estate in Malaysia now! through recognition of: • Malaysia’s best property management practices • Property in Malaysia designed and built for sustainability MINISTRY OF HOUSING AND local GOVERNMENT NOW OPEN FOR ENTRIES HOW TO ENTER ( NO FEES REQUIRED) Scan QR code or click here to download entry forms: • All Residential, Office, Mixed Development, Specialised and Retail properties managed EdgeProp.my/awards2021entry in-house/by property building managers For enquiries, contact EdgeProp.my • Strata and Non-strata buildings Marketing and Communications at: • NEW CATEGORY! Re-purposed buildings [email protected] ALSO OPEN FOR SUBMISSION SUBMISSION DEADLINE ( NO FEES REQUIRED) All entries must reach The Edge Property Sdn Bhd, • EdgeProp Malaysia’s Responsible Developer: Level 3, Menara KLK, No. 1 Jalan PJU 7/6, Building Sustainable Development Award Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia by 5pm, Monday, 11 January 2021 • EdgeProp-ILAM Malaysia’s Sustainable Landscape Award Awards results audited by Deloitte PRESENTED BY | PartneR | supportING partner | Supported BY | EP 3 FRIDAY DECEMBER 11, 2020 NEWS HIGHLIGHTS from www.EdgeProp.my Malaysia unemployment rate expected to improve to 4.5% for December The Edge Property Sdn Bhd (1091814-P) Level 3, Menara KLK, No. 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia The Ministry of Human Resources has been declining since its peak to to 4.6%, or approximately 737,500 expects Malaysia’s unemployment 4.9% in June and 4.7% in July and unemployed, which he attributed to EdgeProp.my rate to continue trending downwards August, based on the Department of the various initiatives announced to 4.5% for December, from a peak of Statistics Malaysia (DOSM)’s labour under the government’s stimulus Managing Director/Editor-in-chief Au Foong Yee 5.3% in May due to job losses after survey. packages. EDITORIAL the enforcement of the Movement He added that the labour For the year up to Nov 27, a total Assistant Editor Tan Ai Leng Deputy Chief Copy Editor Control Order (MCO) starting March survey showed that those working of 120,296 people have regained James Chong 18 this year. Senior Writer in the aviation, hotel and tourism jobs, according to Social Security Rachel Chew Human Resources Minister M industries were most affected by the Organisation (Socso)’s data, said the Writers Natalie Khoo, Chelsey Poh Saravanan told the Dewan Rakyat on Covid-19 outbreak. minister, out of a total of 372,934 job Senior Designer Jun Kit Dec 9 that the unemployment rate In September, the figure improved seekers. For New Launches/Events/ Press Releases/News Tips email: [email protected] Tel: (03) 7721 8211 Fax: (03) 7721 8280 Although Beach Club reopened ADVERTISING & MARKETING Management of partially in June for dine-in and take- Senior Account Managers Ian Leong (012) 359 1668 car park liable for We’re on away, the modified business model Cecilia Too (012) 319 7666 negligence was not sustainable as the entertain- Marketing Support & Ad Traffic Telegram! Madeline Tan (03) 7721 8218 The Court of Appeal has upheld a lower ment outlet relied heavily on tourists. email: [email protected] court ruling that the management of a Hence, the company has been unable BUSINESS DEVELOPMENT car park was liable for negligence, FMT to stretch the losses since March. Manager News reported on Dec 8, 2020. Nimalen Parimalam (014) 324 3193 According to the report, the claim AGENCY SALES must be allowed as “a bailor-bailee Minister: RM172m Sales Manager relationship existed between Euro Rent Stannly Tan (012) 538 1687 A Car Sdn Bhd and Sunway Parking compensation paid “Other projects are still in negoti- PRODUCT DEVELOPMENT Services Sdn Bhd”. for 17 cancelled ation. We managed to reduce about & CUSTOMER ADVISORY CLICK Associates The final appellate court also PR1MA projects 30% from the claims. For others, we Omar Nawawi (012) 537 1687 “agreed with the trial court” that de- The Housing and Local Government will no longer request allocation from Nazrin Hakimin (017) 368 6061 HERE fendant Sunway Parking “could not to join the Ministry has paid compensation the federal government to manage For enquiries and listings rely on the exemption clause to evade amounting to RM172 million for can- the debts and future financing. email: [email protected] liability”. “EdgeProp celled Perbadanan PR1MA Malaysia “We will use productive lands to Tel: (03) 7733 9000 To recap, a French citizen, Hemici Malaysia” news (PR1MA) projects and aims to fully build up new houses and cooperate EdgeProp.my e-Publication Sofiane, rented a vehicle from Euro channel on settle these debts by 2023. with the National Housing Depart- is published by The Edge Property Sdn Bhd. Rent in April, 2016. He then parked the Telegram to receive Minister Zuraida Kamaruddin said ment, Syarikat Perumahan Negara car at The Pinnacle Sunway at Ban- the compensations paid so far were Bhd and others as a cross-business Download it for free at daily alerts on dar Sunway in Petaling Jaya around for pre-development, labour costs, model to maximise what we have to cut www.EdgeProp.my 2.30pm and found the car missing property news! interest on delays and others for 17 of losses and bring back the money,” she about 7pm on the same day. the 32 cancelled projects. told the Dewan Rakyat on Dec 7, 2020. The Edge Malaysia Based on closed circuit television records, the car thief “tailgated” an- Publisher and Group CEO Ho Kay Tat other vehicle that was exiting the car park to get out as the barrier gate was EDITORIAL too slow in coming down to prevent the After 70 years, no more Editor-in-chief Azam Aris stolen vehicle from escaping (without a catalogues from IKEA CORPORATE parking ticket). Chief Operating Officer The company taking legal action Furniture behemoth IKEA has decided to end Lim Shiew Yuin against the car park management the publication of its mega popular catalogue, ADVERTISING & MARKETING explained that “Sunway Parking was the company announced on Dec 7, 2020. Chief Commercial Officer negligent as it did not take steps to According to reports, the catalogue Sharon Teh (012) 313 9056 prevent the theft”. General Manager had been published since 1950 but it Fong Lai Kuan (012) 386 2831 was just in Swedish back then. Senior Sales Manager Gregory Thu (012) 376 0614 KL Beach Club “At its peak, the IKEA catalogue was said Head of Marketing closing down due to to have a greater circulation than that of Support & Ad Traffic Lorraine Chan (03) 7721 8001 financial constraints the Bible,” wrote the UK daily The Guardian. Opened for business for over 20 years Circulation reached a high in 2016 when and having been one of the most hap- about 200 million copies in 32 languages pening night-life spots in Kuala Lum- were distributed around the globe. pur, Beach Club Cafe at Jalan P Ramlee “It has been one of our best-known and has no choice but to close down due to best-loved products for 70 years, inspiring a prolonged shutdown forced by meas- billions of people around the world,” an IKEA ures in curbing the Covid-19 pandemic, manager, Konrad Grüss, said in a statement. FMT News reported on Dec 7, 2020 The group behind the entertain- ment outlet, Trend Matrix Enterprises Sdn Bhd, said the closure of its signa- How do I get past issues of this weekly e-Publication? ture outlet is indefinite. Go to www.EdgeProp.my to download for free! EP 4 FRIDAY DECEMBER 11, 2020 NEWS HIGHLIGHTSNEWS from www.HIGHLIGHTSEdgeProp.my from www.EdgeProp.my D H GAMUDA LAND GAMUDA MENT SDN B P Ayer Holdings’ EVELO Bukit Puchong D 90% taken up BUKIT HITAM BUKIT HITAM within one day of launch Phase 1 of Gamuda four-bathroom layouts and built-ups from 2,508 sq ft with land area choices Land’s Blossom of 28ft by 65ft or 28ft by 70ft. Springs in Jade Hills “Given the overwhelming response sees 90% uptake for Phase 1, we are launching the bal- ance units of superlink villas in Blos- The first phase of Gamuda Land’s Blos- som Springs. We anticipate all units to som Springs in Jade Hills, Kajang has be fully sold in the next six months,” recognised 90% take-up rate to date. The said Jade Hills general manager Wee developer attributes the project’s success Pang Siang in a media release on Dec to its post-lockdown home design. 10, 2020. Blossom Springs is a 13.6-acre lux- The Phase 1 of Blossom Springs com- ury freehold landed project compris- prises 91 units, with an indicative selling ing superlink villas with four-bedroom, price starting from RM1.29 million. Bukit Hitam Development Sdn Bhd’s terraced, cluster and semidee homes. Bromelia Phase 1 has achieved a take-up The terraced homes have built-ups way Visio, a corporate office tower with rate of 90% within a day of its launch.
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