KUALA LUMPUR — The number of unsold homes in Malaysia has more than doubled, reaching a new high of 30,115 homes as at the third quarter of 2018 (3Q18). According to the National Property Information Centre (NAPIC), as of 3Q18, 30,115 unsold homes amounted to RM19.54 billion, a year-on-year increase…
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…
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…
PETALING JAYA – The government’s move to increase the Real Property Gains Tax (RPGT) rate might send the wrong signal to the market, which is already “very soft” at the moment, and discourage foreign investments in the country, according to CBRE|WTW managing director Foo Gee Jen. In Budget 2019, the…
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…
KUALA LUMPUR – Glomac Bhd CEO and managing director Datuk Seri FD Iskandar has proposed that the government reintroduce the Home Ownership Campaign from two decades ago next year to reduce the number of overhang properties. During a press conference after Glomac’s annual general meeting today, he said a group…
KUALA LUMPUR — The National Property Information Centre (Napic) has launched an Unsold Property Enquiry System Malaysia (UPESM) to provide information to market players like developers, local authorities, buyers and other interested parties. Napic director Md Badrul Hisham Awang said on Thursday the system was developed last year and launched in…
KAJANG — The Valuation and Property Services Department (JPPH) of the Ministry of Finance Malaysia said the residential overhang was at its highest point to date in 2017, amid a 67.2% increase in the number of unsold completed units. The department said the residential overhang grew 67.2% to 24,738 units,…
