News by EdgeProp.my

Noteworthy:

• Leasehold
• Built-up: 515 sq ft
• 1 bedroom, 1 bathroom
• Serviced residence
• Fully furnished
• Nearby amenities: Elements Mall, shopping malls, dining areas, Jonker Street, hotels, other tourist attractions in Melaka
• Accessibility: PLUS North-South Expressway 

When: August 2022

168 Park Selayang will have three residential tower blocks and a two-level commercial mall.

Upcoming developments include the construction of Ipoh’s largest shopping mall spanning more than 1 million sq ft in gross floor area (GFA) with more than 2,000 car parks.

Noteworthy:

• Freehold
• Built-up: 8,000 sq ft
• Land size:  28,666 sq ft
• 11 bedrooms, 7 bathrooms
• Bungalow 
• Unfurnished
• Nearby amenities: convenience stores, Suria KLCC, KL Tower, Pusat Sains Negara, KLCC LRT station
• Accessibility: KESAS highway, EKVE highway, Ampang-Kuala Lumpur Elevated Highway (AKLEH) 

When: August 2022

"A simple act of wearing a mask may save your life and others,”

“Buying is very important right now, be it in the secondary or primary market.”

LBS Bina Group Bhd has “applauded” the government’s move to increase the stamp duty discount for first time home buyers from 50% to 75% on properties priced between RM500,000 to RM1 million until end-2023.

This year’s theme is “Strengthening Recovery and Facilitating Reforms towards Sustainability of Economic Resilience and Wellbeing of Keluarga Malaysia”.

While welcoming the 25% discount off stamp duty on memorandum of transfer (MOT) for properties between RM500,000 to RM1 million for first time homebuyers, the Malaysian Institute of Estate Agents (MIEA) is of the view that the move “will not create a boost in transactions for the sector”.

The Real Estate and Housing Developers’ Association of Malaysia (Rehda) has appealed to the government to consider extending the 75% stamp duty exemption to all buyers and not just first-time house buyers.