KUALA LUMPUR — Sentiment in Malaysia’s property market is expected to improve in 2019, especially the residential property market, as policies announced under Budget 2019 are expected to strengthen demand, particularly among first-time home buyers, said property advisor Knight Frank Malaysia. “The property market in Malaysia experienced a pick-up in…
While the property market is expected to remain challenging in 2019, for those looking to buy a home for their own stay, it may be a good time to buy as sellers are more flexible with their asking prices while developers are offering attractive packages with freebies and other incentives.…
Here are Malaysia’s most popular residential neighbourhoods, ranked according to consumers’ search behaviour data compiled this year. Most will say you only live once, but at some point, it’s time to go home and be with loved ones. There is no denying home is where the heart is (and where…
KUALA LUMPUR — The government has agreed to exempt the real property gains tax (RPGT) to individual Malaysian citizens who dispose of their properties at a consideration price of RM200,000 and below. According to a statement by Finance Minister Lim Guan Eng, the RPGT exemption, effective from Jan 1, 2019,…
PETALING JAYA — First-time homebuyers will be fully-exempted from paying stamp duty for properties up to RM1mil from Jan 1, says the Finance Ministry. Finance minister Lim Guan Eng said the move was primarily to increase home ownership as well as to stimulate the sluggish residential real estate market that…
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…
Prime Minister Dr Mahathir Mohamad has attributed Malaysia’s stability to Bloomberg’s glowing assessment of the country against other 19 other emerging markets. According to Bloomberg, Malaysia remains on top of the list due to its current account surplus, relatively stable growth outlook and valuations. When asked to comment on this…
