News by Shawn Ng

The PEPS president told EdgeProp.my that the move will definitely dampen the property market, which is already softened and affect the investment appetite of those who view real estate as a long-term investment instrument.

“Speculation must be defined when you buy and sell a property in a certain timeframe. But given the tax now, even if you sell the property 100 years later, you still need to pay the tax. So I think the government is not really sending a right signal,” he told EdgeProp.my.

“…an extremely forward-thinking initiative that will benefit the rakyat.”

“We believe these holistic incentives will improve the economic environment which ultimately enables the property industry to grow and to benefit home buyers in the long run,” Khor told EdgeProp.my.

Henry Butcher Malaysia chief operating officer Tang Chee Meng said although this is not a positive news to the market, it is not expected to create a significant impact due to the low increase in tax rate.

However, the debt level has been moderating since 2015 thanks to macro prudential measures that controlled household debt levels, said the Ministry of Finance.

“There is no necessity to reinvent the wheel.”

Sold for: RM3.65 million (RM811.10 psf); Concluded by: Eunice Yong (REN 17145, 017-628 9994) of PropNex Malaysia; When: September 2018

“After the window period, we will be more stringent and a person must have a qualified degree and go through proper training [to become a property manager], so that this profession is properly regulated.”

“As [the] immediate past president of MIPFM and being one of the founding members of this institute, I would like to say that I disagree with their proposal to suggest that there should be a separate board for property, facility and strata managers.”