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IRB: Self-assessment stamp duty system simplifies processes, boosts compliance

IRB: Self-assessment stamp duty system simplifies processes, boosts compliance

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Updated:
  • The Inland Revenue Board launched Phase 1 of the self-assessment stamp duty system on January 1.
  • Individuals and authorised agents can submit applications via the MyTax portal.
  • Taxpayers can settle stamp duty arrears with potential penalty exemptions until June 30.
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MLDC’s Kempas Block C unveiled after 6-year makeover

MLDC’s Kempas Block C unveiled after 6-year makeover

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Updated:
  • MLDC Bhd revitalised Kempas Residences, enhancing liveability and community appeal.
  • Renovations included upgraded facilities, security, and common areas, attracting diverse residents.
  • The project has seen increased occupancy and property value, with future plans for further development.
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Industrial expansion, urban evolution, maturing property landscape highlight Batu Kawan’s growth potential

Industrial expansion, urban evolution, maturing property landscape highlight Batu Kawan’s growth potential

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Updated:
  • Batu Kawan is transforming into a vibrant urban centre, driven by residential and industrial growth.
  • The area is attracting developers and businesses, with a projected population of 250,000 by 2036.
  • A range of ongoing and proposed developments continues to shape Batu Kawan’s trajectory.
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Are we ready for an ageing Malaysia?

Are we ready for an ageing Malaysia?

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Updated:
  • Malaysia is becoming an ageing nation, with over 7% of its population aged 65 and above.
  • The country faces challenges like a shrinking workforce and rising healthcare costs.
  • Developers play a crucial role in creating age-friendly environments.
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IOI Properties formally launches RM7.58 bil REIT, targets Main Market listing with retail, hotel and office assets

IOI Properties formally launches RM7.58 bil REIT, targets Main Market listing with retail, hotel and office assets

news

Updated:
  • IOI Properties has announced the establishment of IOIPG Malaysia REIT valued at RM7.58 billion.
  • The proposal includes property disposals, a public offering, and a listing on Bursa Malaysia.
  • Approval from regulatory bodies and shareholders is required for the plans to proceed.
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PE Land Group to anchor Capstone Corporate Suites in Batu Kawan, Penang

PE Land Group to anchor Capstone Corporate Suites in Batu Kawan, Penang

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Updated:
  • PE Land Group will establish a 35,000-sq ft office in Capstone Corporate Suites, enhancing Batu Kawan's business hub.
  • The project is connected to key transport routes including the Second Penang Bridge and the NSE.
  • Batu Kawan is poised for significant economic growth and higher-value property transactions.
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Court sets Dec 16 to decide compensation for Semantan Estate land dispute

Court sets Dec 16 to decide compensation for Semantan Estate land dispute

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Updated:
  • The High Court will decide on compensation for Semantan Estate on Dec 16, based on 1956 market rates.
  • The case involves a long-standing dispute over land acquired by the government in 1956 for RM1.32 million.
  • Semantan Estate continues to seek compensation after previous legal avenues were exhausted.
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Penang launches RTPSI 2050, Malaysia’s first local plan for greenfield area

Penang launches RTPSI 2050, Malaysia’s first local plan for greenfield area

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Updated:
  • Penang launched its Publicity and Public Participation Programme for the RTPSI 2050 on April 7.
  • CM Chow Kon Yeow emphasised that Silicon Island aims for sustainable economic growth and job creation.
  • The project is expected to generate 220,000 jobs and contribute RM1.1 trillion to GDP by 2050.
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Nestcon acquires Iskandar Puteri land parcels for RM95 mil, diversifies into property development

Nestcon acquires Iskandar Puteri land parcels for RM95 mil, diversifies into property development

news

Updated:
  • Nestcon Bhd is entering property development by acquiring 3 commercial land parcels in JB for RM95 million.
  • The land will be developed into a mixed-use project with gross development cost of around RM1.03 billion.
  • Approvals are required for the acquisition and diversification into property development.
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Sunsuria raises stake in KL City Gateway to 61% majority with RM21.46m acquisition

Sunsuria raises stake in KL City Gateway to 61% majority with RM21.46m acquisition

news

Updated:
  • Sunsuria Bhd has acquired an additional 41% stake in KL City Gateway, raising its ownership to 61%.
  • The RM21.46 million deal consolidates KLCG as a subsidiary, enhancing Sunsuria's role in the project.
  • The KL City Gateway development will feature commercial and residential spaces.
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