KUALA LUMPUR — The increase of one percent in stamp duty for the instrument of transfer for property exceeding RM1 million to RM 2.5 million is now effective July 1, 2019. In a statement today, the Finance Ministry said the government would maintain the current stamp duty rate for six…
KUALA LUMPUR — Compared to the same period last year, the property market has seen a 48.35% increase in unsold completed residential units as of September 30. A report by The Star cites a Valuation and Property Services Department (JPPH) source who said that the JPPH uses data they receive…
PETALING JAYA — Malaysia is entering 2019 with unsold completed residential units rising to 30,115 units as at Sept 30, 2018, an increase of 48.35% from the 20,304 units a year ago. According to the Valuation and Property Services Department’s (JPPH) latest figures released on Saturday, the total value was…
PETALING JAYA — The latest report by Moody’s Investors Service has set off alarm bells over the direction of Malaysia’s financial system, after the ratings agency called property loans the greatest threat for Malaysian banks. The worrying remark in Moody’s 2019 outlook report for Asia-Pacific banks came after Bank Negara’s…
Kuala Lumpur — Lazada Group will begin selling houses on its online shopping platform soon and is planning its next shopping festival, 12.12, to boost sales. As it is, Lazada offers hundreds of different types of products on its platform and will add one of the biggest items in the…
KUALA LUMPUR — Sime Darby Property Bhd is looking at undertaking a tactical price review of its unsold units after net profit for the three months through September dropped 93% to RM28.8mil. The company’s strategy is only to be expected due to the high level of unsold inventory units. Coupled…
KUALA LUMPUR — Airbnb has recorded a 99% increase in guest arrivals in Malaysia to two million as at July 2018, making the country the fastest growing in Southeast Asia for the platform. At a media briefing today, Airbnb’s head of public policy in Southeast Asia Mich Goh said the…
KUALA LUMPUR — The Real Property Gains Tax (RPGT) valuation on property would only be calculated from the year 2000 onwards, says Finance Minister Lim Guan Eng. He said that this is done to give clarity on the issue following feedback from concerned property owners who have bought and owned…
