News by EdgeProp

Government lands will be made available for the building of 30,000 affordable homes in the country, Prime Minister Datuk Seri Najib Razak said in his Budget 2017 speech today.

Stamp duty exemption doubled to 100% on instruments of transfer and housing loan instruments to help reduce the cost of first home ownership. Exemption limited to houses valued up to RM300,000 for the period of Jan 1, 2017 to Dec 31, 2018.

Stamp duty will be exempted for property transfers and housing loan instruments to help reduce the cost of first-time home ownership.

The construction sector is expected to expand 8.7% in 2016 compared with 8.2% last year, said the Ministry of Finance in its 2016/2017 Economic Report

Developer Emperor International Holdings is planning to launch a project where each unit measures 61.4 sq ft, according to filings with Hong Kong’s Building Department…

Backed by solid outstanding construction orderbook and unbilled property sales

Besides residential units, it will also have commercial shop spaces and various amenities. The first phase will be launched in the first quarter of 2017.

"This is to help those who work in hotels, restaurants and all services industry in Kuala Lumpur where they can afford to rent a room even if their salary is low.”

The developer could pursue a dual listing in Malaysia and Hong Kong or Singapore as it seeks to monetise some of its assets valued at more than RM30 billion, said Lim Kang Hoo, executive vice-chairman of Iskandar Waterfront.

"The state government will sit down with Rehda to find out what development aspects that could be exempted which can indirectly cut construction costs.”