Infra Segi to launch white knight development 168 Park Selayang
168 Park Selayang will have three residential tower blocks and a two-level commercial mall.
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:
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.
Buyers of houses priced between RM500,000 and RM1 million will enjoy an increase in stamp duty exemption from 50% to 75% until Dec 31, 2023.