NEW STRAITS TIMES. 11th OCTOBER: The Real Estate and Housing Developers’ Association (REHDA) Malaysia will continue its nation-building mission of producing quality, affordable homes for the Rakyat, despite certain setbacks in the housing and construction sectors. Rehda had anticipated that the government would take more drastic action to address some of the many issues that […]

EDGEPROP. 11th OCTOBER: “The holistic benefit of this project expands to not only reducing environmental harm, but also increasing the health and well-being of our consumers.” Sime Darby Property Bhd (SDP) announced a collaboration with BoomGrow Productions Sdn Bhd to introduce its first urban farm in Serenia City on Oct 7. The initiative is part […]

THE MALAYSIAN RESERVE. 10th OCTOBER: Despite the welcoming Budget 2023, the Real Estate and Housing Developers Association (Rehda) Malaysia will appeal to the government to consider extending the 75% stamp duty exemption to all buyers which will end on Dec 31, 2023.  President Datuk NK Tong said the duty stamp is not just for first-time homebuyers as […]

EDGEPROP. 8th OCTOBER: “Buying is very important right now, be it in the secondary or primary market.” KW Malaysia welcomed the exemption and increase in discount of stamp duties for the purchase of homes announced for Budget 2023 but expected more to stimulate the property market. “Buying is very important right now, be it in the secondary […]

THE MALAYSIAN RESERVE. 8th OCTOBER: HOUSING markets are beginning to crack everywhere from the US and the UK to Australia and New Zealand. In China, the property industry is in a potentially deflationary crisis, while Hong Kong’s home prices are set to test a five-year low.  In tiny Singapore, however, demand is defiant in the […]

NEW STRAITS TIMES. 7th OCTOBER: The Real Estate and Housing Developers’ Association (REHDA) Malaysia lauded the government’s move to further ease home ownership among first-time homebuyers with the increased stamp duty exemption. The stamp duty exemption was raised to 75 per cent from 50 per cent for residential properties priced above RM500,000 to RM1 million, […]

GLOBAL TIMES. 7th OCTOBER: MCC Overseas Sdn Bhd (MCC Malaysia), a subsidiary of Chinese state-owned enterprise China Metallurgical Group Corp (MCC Group), scored the highest-ever points for the top quality of a high-rise development in Malaysia, the company announced on Wednesday. Its development of the Face 2 Platinum Victory Suites received a rating of 89 percent […]

EDGEPROP. 7th OCTOBER: Buyers of houses priced between RM500,000 and RM1 million will enjoy an increase in stamp duty exemption from 50% to 75% until Dec 31, 2023. The national budget tabled by the Ministry of Finance today unveiled a total expenditure of RM372.3 billion in 2023. The allocation is spread to RM272.3 billion for […]

PENANG PROPERTY TALK. 7th OCTOBER: Houses worth from RM500,000 to RM1mil will enjoy an increase in stamp duty exemption from 50% to 75% until Dec 31, 2023. Stamp duties for the transfer of property between families is subject to a stamp duty of RM10. The allocation for building new and renovating houses in rural areas […]

FREE MALAYSIA TODAY. 7th OCTOBER: A house buyers’ association has taken issue with a budget incentive of 75% stamp duty exemption on property sales, saying it should be extended also to sellers of private homes. Chang Kim Loong, secretary-general of the National House Buyers’ Association, said he disagreed with the stamp duty exemption as it […]