THE MALAYSIAN RESERVE. 14TH OCTOBER: Property Guru Malaysia (PropertyGuru.com.my and iProperty.com.my) country manager Sheldon Fernandez welcomed the government’s announcement to impose a 4% stamp duty on non-Malaysians and private foreign organisations’ housing transactions, excluding permanent residents, to control property prices in the local market. This is in response to the Property Guru Malaysia Property Market Report Q323 […]
THE MALAYSIAN RESERVE. 13TH OCTOBER: The government has allocated RM2.47 billion to implement people’s housing project (PPR) next year, said Prime Minister Datuk Seri Anwar Ibrahim. Anwar, who is also the Finance Minister, said this included a special RM1 billion guarantee fund to encourage responsible developers to rebuild abandoned projects which have been identified. He […]
THE STAR. 14TH OCTOBER: Real Estate and Housing Developers’ Association Malaysia (Rehda) FOR the housing industry, the allocations for the Bottom 40% group are much needed and will allow more Malaysians to own homes, including the RM546mil for Program Perumahan Rakyat (PPR) in Johor, RM358mil for the development of 3,500 residential units under 14 Program […]
THE STAR. 13TH OCTOBER: Mah Sing Group Bhd The outlook of the property sector remains optimistic, with Bank Negara Malaysia’s announcement in September to maintain its overnight policy rate (OPR) at 3% and expectations that the OPR will remain unchanged this year. Stable OPR will bring confidence to the real estate market, which will then […]
PROPERTY GURU. 13TH OCTOBER: PropertyGuru Malaysia lauded the government’s decision to impose a 4% stamp duty on any housing transactions involving non-Malaysians or private foreign organisations, except for permanent residents, as a measure to control property prices in the local market. According to PropertyGuru Malaysia’s third-quarter market report, there is a mismatch between consumer demand and property prices, with […]
EDGEPROP. 13TH OCTOBER: With a total of RM393.8 billion allocated towards driving development and economic growth, will the Madani budget be the gift that keeps on giving? In the newly announced Budget 2024 Madani, themed “Madani Economy: Empowering the People” the government has allocated a total of RM393.8 billion, reflecting a slight increase from the […]
NEW STRAITS TIMES. 13TH OCTOBER: Real estate developers while lauding 2024 Budget measures for the Bottom 40 (B40) group to own homes say not enough was done to promote industry development. SP Setia Bhd said, while it appreciates the government’s efforts, key areas in the property market such as affordable housing supply, property financing, and […]
PROPERTY GURU. 12TH OCTOBER: Penang warns that it will take stern action against developers who force affordable home buyers to avail of additional packages for renovations and car parks. Meanwhile, the Sandakan Municipal Council has been urged to defer its plan to increase the assessment rates from next year. 1. Penang to blacklist developers forcing […]
THE EDGE. 12TH OCTOBER: By June this year, Penang’s overall property market had well and truly recovered from the impact of Covid-19, particularly since the transition to the endemic phase that started in April last year. In the first quarter of this year, both transaction volumes and values in the state saw an improvement from […]
NEW STRAITS TIMES. 13TH OCTOBER: The property sector in Malaysia is expected to benefit from the 2024 Budget as a result of the government’s ongoing efforts to boost homeownership and positive developments in major infrastructure projects. Other encouraging factors include the development of Iskandar Malaysia in Johor and potential changes to the Malaysia My Second […]