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Leong: First-time homebuyers benefit from stamp duty exemptions
NEW STRAITS TIMES. 27TTH FEBRUARY: Mah Sing Group Berhad applauds the government’s decision to keep stamp duty exemptions for first-time home buyers for homes valued less than RM500,000, and to waive 75 per cent of stamp tax on sales and purchase agreements for properties costing between RM500,000 and RM1 million. “A 75 per cent exemption on an RM750,000 […]
Tong: More launches are expected in the second half of this year.
NEW STRAITS TIMES. 27TTH FEBRUARY: Developers will release more residential properties in the second half of this year (2H 2023), as the domestic economy recovers from the pandemic, business prospects improve, and market mood improves. According to the REHDA Property Industry Study 2H 2022, more respondents are optimistic about the market in 2023. The study, which comprised 136 […]
Residents’ spruce-up effort a bright spot amid Malaysia’s affordable housing woes
THE STRAITS TIMES. 27TTH FEBRUARY: There are some 1,000 to 6,000 applicants for every affordable housing unit launched within the sprawling urban Klang Valley area, a reflection of Malaysia’s housing shortage which new Local Government Development Minister Nga Kor Ming is seeking to remedy. He has moved to consolidate the country’s public and affordable housing schemes, which […]
Give incentives for second-hand homes too, say buyers
DAILY EXPRESS. 25TTH FEBRUARY: The government has been urged to provide loan guarantees for buyers of second-hand homes, and to review the stamp duty on transfer of property to children or grandchildren. National House Buyers’ Association secretary-general Chang Kim Loong said a credit guarantee scheme announced in the federal budget today should not just cover new affordable houses. […]
Make pre-tenancy course compulsory for PPR – Expert
THE MALAYSIAN RESERVE. 25TTH FEBRUARY: The government has been urged to introduce a compulsory pre-tenancy course to provide awareness and knowledge to prospective tenants of the People’s Housing Projects (PPR) to ensure a more conducive housing environment. Senior lecturer of Estate Management at the College of Built Environment, Universiti Teknologi MARA, Shah Alam, Assoc Prof Dr Mona Isa […]
Pre-tenancy course for PPR residents can reduce vandalism, says expert
FREE MALAYSIA TODAY. 25TTH FEBRUARY: Mona Isa of Universiti Teknologi Mara says this can reduce the high amount spent by the government to repair vandalised facilities at PPRs. An expert has proposed that a mandatory pre-tenancy course be held for prospective tenants of People’s Housing Projects (PPR) to overcome the problem of vandalism and trash dumping that is […]
REHDA welcomes Budget 2023, urges solution for increasing building material prices
PENANG PROPERTY TALK. 24TTH FEBRUARY: The Real Estate and Housing Developers’ Association (REHDA) Malaysia has welcomed the measures announced in Budget 2023 by the Unity Government on Friday. In particular, the association supports the government’s plans to build 12,400 units of low-cost houses under Program Perumahan Rakyat (PPR) and 4,250 Rumah Mesra Rakyat under Syarikat Perumahan Negara […]
Budget 2023: Rehda Malaysia is concerned about the unaddressed escalating building material prices
NEW STRAITS TIMES. 24TTH FEBRUARY: The Malaysian Real Estate and Housing Developers’ Association (Rehda) is concerned that significant issues such as the ongoing rise in building material prices were not addressed in the 2023 Budget. Datuk NK Tong, president of Rehda Malaysia, reiterated that if the problem is left unresolved for too long, it will have a […]
Malaysian Property Market Remains Resilient
REALTY+. 25TTH FEBRUARY: The property market in Malaysia remains resilient, according to the Real Estate and Housing Developers’ Association (Rehda) Malaysia. The optimism is based on higher demand from buyers and rising optimism that led to more new launches by developers in the second half of 2022. Nonetheless, caution still prevails. The survey showed that there was […]