THE MALAYSIAN RESERVE. 17TH JULY: Analysts are optimistic, expecting a positive outcome with increased buying activities, while staying cautious on a possible OPR hike before year-end The first half of 2023 (1H23) witnessed the property market in a tight spot between buyers’ resistance towards higher prices and sellers’ struggle to sell in light of the poor economic […]
EDGEPROP. 14TH JULY: In a joint statement on Friday, the parties said a Memorandum of Understanding (MOU) inked between PR1MA and MBSB Bank will see the housing agency receiving financial support to enable developers, contractors and suppliers under it to complete projects on schedule. PR1MA Corporation Malaysia, MBSB Bank Bhd and Syarikat Jaminan Kredit Perumahan […]
THE STAR. 14TH JULY: Continuous efforts should be made to bring down the cost of home ownership in the country, says the Real Estate and Housing Developers’ Association (Rehda) Malaysia. “The increase in legal fees for property-related transactions compounds the potential inflationary effect of the fees, in which homebuyers will be affected not only by […]
THE SUN DAILY. 14TH JULY: The housing market in Malaysia is a key sector of the economy, contributing to growth and providing housing for millions of people. According to the National Property Information Centre (Napic), the total value of residential property transactions in Malaysia was RM141.98 billion in 2019, up from RM133.27 billion in 2018. However, […]
EDGEPROP. 13TH JULY: According to the SRO 2023, the changes will “affect transactions involving non-contentious matters such as the sale and purchase of movable and immovable properties, financing and tenancies”. The SRO 2023 therefore governs the legal fees that lawyers can charge in Malaysia in respect of Sale and Purchase Agreements and financing agreements involving […]
THE STAR. 13TH JULY: Starting Saturday, most legal fees for conveyancing transactions in Peninsular Malaysia will be increased due to a revision in the law to allow lawyers to cope with hikes in operating costs. The changes will affect transactions involving non-contentious matters such as the sale and purchase of movable and immovable properties, financing […]
MALAY MAIL. 13TH JULY: The latest revision in the Solicitors’ Remuneration Order (SRO 2023) gazetted yesterday will see some increase in costs for property buyers that will take effect this Saturday. The new rules will see an increase to legal fees for conveyancing transactions involving non-contentious matters such as the sale and purchase of movable […]
MALAYSIAKINI. 13TH JULY: The housing market in Malaysia is a key sector of the economy, contributing to economic growth and providing housing for millions of people. According to the National Property Information Centre (NAPIC), the total value of residential property transactions in Malaysia was RM141.98 billion in 2019, up from RM133.27 billion in 2018. However, the […]
THE MALAYSIAN RESERVE. 11TH JULY: Scientex Bhd’s subsidiary, Scientex Lestari Sdn Bhd, has entered into a conditional sales and purchase agreement with Seriemas Development Sdn Bhd for the proposed acquisition of six parcels of freehold land in Mukim Senai, Johor. The acquisition, valued at RM299.84 million, aims to develop the 550.67-acre land into a mixed-property […]
THE MALAYSIAN RESERVE. 12TH JULY: Scientex Bhd plans to acquire 960 acres (388.5ha) of land in Johor Baru ( JB) for RM547.7 million. The acquisition is part of its strategy to expand its presence in affordable housing townships and align with its vision to build 50,000 affordable homes by 2028. The group’s subsidiary, Scientex Lestari Sdn […]