News by EdgeProp.my

The return of the HOC was among the measures taken to boost the property sector under the Penjana Short-term Economic Recovery Plan announced by Prime Minister Tan Sri Muhyiddin Yassin yesterday.

“We would like to take this opportunity to express our gratitude to the Government for taking note of our proposals during our various engagements.”

CBRE|WTW managing director Foo Gee Jen: But the HOC should also be extended to the secondary market. On average, about 65% of transactions are done in the secondary market in a given year.

Associated Chinese Chambers of Commerce & Industry of Malaysia (ACCCIM) head of taxation committee Koong Lin Loong: To create greater vibrancy, we need more foreign buyers to come in as there are only limited local buyers in the market. This is what the newly announced ERP lacks

MIEA also urged the government to include secondary market properties in the removal of the 70% cap on the margin of financing for the third housing loan.

There will also be stamp duty exemptions

The new phase comprises 412 freehold units of 20 ft by 80 ft with built-up areas from 2,262 sq ft to 2,983 sq ft. The first 218 units will be open for preview and available for pre-launch sale tomorrow (June 6). Prices start from RM709,999 after rebates and before Bumiputra discount.

Sunway Group chief innovation officer and Sunway iLabs director Matt Van Leeuwen: We hope to empower homeowners to grow their own food. This will be a model for Sunway Property to replicate throughout their cities in Malaysia, and allows us to scale up quickly.

The House Buyers’ Association (HBA) is steadfast and unwavering in our views that there should be variable rates for mixed development schemes. Mixed developments involve issues extending beyond the mere use of parcels and the factors enumerated in the formula contained in the First Schedule of the Strata Management Act, 2013 (SMA).

Sitting on a 1.2-acre freehold site, the high-rise residential project stands tall with 40 levels offering expansive panoramic views towards the Sydney Harbour Bridge and the Blue Mountains. It offers 398 luxury apartments with built-ups ranging from 46 sq m to 121 sq m with prices ranging from A$628,000 (RM1.8 million) to A$1.8 million.