KUALA LUMPUR – Property prices will definitely have to adjust in the near term to cater to the softening demand, said Sime Darby Property Bhd’s chairman Tan Sri Zeti Akhtar Aziz. She said the current soft property market situation presents a window of opportunity for developers to work on improving…
KUALA LUMPUR – IOI Properties Group Bhd said it will be launching projects worth a total of RM3 billion in gross development value (GDV) during its current financial year ending June 30, 2019 (FY19) — higher than FY18’s RM2.8 billion. The group’s chief executive officer Lee Yeow Seng told reporters…
KUALA LUMPUR – It is inappropriate to introduce the inheritance tax now despite the need for the government to widen its tax base to raise revenue as its implementation will further dampen the property market, a real estate industry association said. The Association of Valuers, Property Managers, Estate Agents and…
KUALA LUMPUR – Hopeful homeowners can now rejoice as the cost of new homes are expected to fall between five and 10% following the Sales and Services tax (SST) exemption on construction services and building materials. “We placed the exemption because we want to boost the real estate sector. We…
KUALA LUMPUR – As at Jan 1, 2019, banks must report any cash transactions exceeding RM25,000 in their daily cash threshold report, a reduction from the current RM50,000 limit. Bank Negara Malaysia Governor Datuk Nor Shamsiah Yunus said despite the advancements made in epayments, the use of cash among the…
PETALING JAYA – There is no need to establish a separate board to register and regulate property, facility and strata managers as the three professions are already being regulated by different bodies, said the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP). “This is in line with the statement…
UALA LUMPUR – The Real Estate and Housing Developers’ Association Malaysia (Rehda) says it expects some savings in development cost following the government’s move to exempt basic construction materials and construction services from the Sales and Services Tax (SST) in the effort to reduce house prices. “We are expecting between…
Property investment is undeniably one of the best ways to grow one’s wealth as most property values often grow over the years. However, high returns are limited to well-maintained and safe properties, said Architect Centre Sdn Bhd accredited architect and trainer Anthony Lee Tee. “Like humans, buildings will go through…
Many property investors and homebuyers prefer brand new homes bought directly from property developers. They may find old properties unpalatable for property investment but Sri Penaga Management Corp chairman Khaw Chay Tee believes that an old property in a mature development can turn out to be “like gold”, albeit second…
PETALING JAYA – Budget 2019 will continue to be geared towards affordable housing policies. “It is likely to be rakyat-centric with emphasis on increasing homeownership especially among the B40 group, to help them own homes,” said Kenanga Head of Equity Research Sarah Lim. “I am not sure what kind of…
