Penang extends 5% discount for overhang units to all buyers—CM
The Penang State Executive Council on Wednesday agreed to extend the 5% discount for the purchase of overhang properties in the state to all buyers.
The Penang State Executive Council on Wednesday agreed to extend the 5% discount for the purchase of overhang properties in the state to all buyers.
The initiative aims to draw investments from technology firms to the east coast region.
Senai Airport City (SAC) has attracted about 160 investors, with total committed investments nearing RM8 billion.
The investment bank said property sales are generally stronger, which should underpin earnings growth going forward.
Berjaya Land Bhd’s (BLand) wholly-owned subsidiary, Berjaya Greenland Invest A/S has inked a Memorandum of Understanding (MoU) with SIBS Sdn Bhd to deliver efficient, climate-resilient homes through modular housing in Greenland.
OCBC Bank (Malaysia) Bhd has extended RM351 million in financing to See Hong Chen Group and EXSIM, to support three strategic real estate developments in the Johor-Singapore Special Economic Zone (JS-SEZ).
Residential properties sold under the Housing Development Act (HDA) will be exempted from the update sales and services tax (SST), following concerns from the construction industry over rising costs.
The National Institute of Occupational Safety and Health (Niosh) has urged for improved safety measures at construction sites following the discovery of a British traveller’s body at a site in Bangsar recently.
The overall impact of the revised sales and service tax (SST) on the property sector can be cushioned by the “healthy” demand for industrial properties, said RHB Investment Bank Bhd.
The Perak government will submit a proposal to the federal government to upgrade the East-West Highway (JRTB) linking Gerik and Jeli, said Menteri Besar Datuk Seri Saarani Mohamad.