THE STAR. 7th OCTOBER: Mah Sing is optimistic that Budget 2023 will inject a huge boost to the overall economy, on the back of the largest ever budget allocation of RM372.3bil. We can see the Government’s efforts to improve people’s well-being, particularly the Rakyat’s income and social protection, as well as to improve business competitiveness […]
THE EDGE MARKETS. 7th OCTOBER: The increase in stamp duty exemptions in relation to real estate transfer documents and loan agreements for homes valued at RM500,000-RM1 million was among the government’s announcements on Friday (Oct 7) under Budget 2023 to spur the property sector. For the construction sector, the government also announced a budget of […]
THE SUN. 7th OCTOBER: We applaud the measures to further ease homeownership amongst first-time homebuyers with the increased stamp duty exemption to 75% from 50% for residential properties priced above RM500,000 to RM1 million, which will end on Dec 31, 2023. This will complement the previously announced 100% stamp duty exemption for the memorandum of […]
EDGEPROP. 6th OCTOBER: The exploitation by private liquidators – making a fortune from homebuyers’ misfortune – is a double whammy for the victims who are already facing the complications from their defunct property developers. We hope all agents and liquidators will comply with the decisions of MDI working in collaboration with Pemudah. It all boils […]
EDGEPROP. 6th OCTOBER: Calls for HOC to be extended to secondary market It is that time of the year again, but with a heightened sense of anticipation this time round. The Budget 2023 is seen as a pre-election budget, and the government is expected to take positive steps with measures to boost the property market, […]
FREE MALAYSIA TODAY. 6th OCTOBER: Reforming the government’s housing policy can support efforts to tackle urban poverty, say two economists. Center for Market Education CEO, Carmelo Ferlito, said there was too much focus on home ownership currently, with Putrajaya providing homes to the poor in locations that did not allow for social mobility, that is, “the […]
NEW YORK TIMES. 5th OCTOBER: Malaysia’s housing market has seen a surge in transactions recently, though prices are being held in check by a glut of inventory, brokers say. A 19th-Century Rowhouse in George Town, Malaysia. $645,000 (3 MILLION MALAYSIAN RINGGIT) This rehabilitated shophouse was built circa 1890 among the Colonial buildings in the historic center of George Town, […]
THE EDGE MARKETS. 5th OCTOBER: The Klang Valley housing market remained slow in the second quarter of this year, but demand has picked up, says Savills associate director of research and consultancy Fong Kean Hwa when presenting The Edge | Savills Klang Valley High-Rise Residential Property Monitor for 2Q2022. “House prices in the subsale market continued to […]
XINHUA. 5th OCTOBER: MCC Overseas (M) Sdn Bhd (MCC Malaysia), a subsidiary of China’s state-owned enterprise, namely China Metallurgical Group Corporation (MCC Group), scored the highest-ever points for the top quality of a high-rise development here, the company announced on Wednesday. Its development of the Face 2 Platinum Victory Suites received a rating of 89 […]
NEW STRAITS TIMES. 6th OCTOBER: Asking for extra incentives to promote home ownership would have little effect, if homebuyers lack the income to make purchases, says Tan Ka Leong, group managing director of CBRE|WTW. “We need to increase manufacturing output and export earnings and, in this way, put more money into the hands of households […]