Editor's Pick

Pahang will not hike quit rent for five years, says MB

Pahang Menteri Besar Datuk Seri Wan Rosdy Wan Ismail has assured that the state government does not plan to increase quit rent (land tax) over the next five years, despite targeting an increase in revenue collection every year.

DONE DEAL: Bungalow, Jalan Gasing, Petaling Jaya

Noteworthy:

  • Leasehold
  • Land size: 9,450 sq ft
  • Built-up size: 3,500 sq ft
  • 4 bedrooms, 2 bathrooms
  • Unfurnished 
  • Nearby amenities: Convenience stores, schools, University Malaya Medical Centre (UMMC), Amcorp Mall, Jaya Shopping Centre, KL Gateway Mall, LRT Asia Jaya, LRT Taman Jaya, LRT Universiti
  • Accessibility: NPE highway, KESAS highway, Federal highway

When: February 2023

Housing market steady despite increase in OPR, says Juwai IQI

Global real estate technology group Juwai IQI believes that the housing market will remain robust with moderate price increases and demand continuing to grow, despite the rise in the overnight policy rate (OPR) by Bank Negara Malaysia (BNM) recently.

The REAL deal: Is Singapore property tax hike a boon for Malaysia?

Everyone who buys real estate in Singapore is subject to Buyer’s Stamp Duty (BSD). On top of this, for residential properties, depending on certain criteria, buyers are to pay another tax called the Additional Buyer’s Stamp Duty (ABSD). The two taxes are computed based on the purchase price of the property or its market value, whichever is higher.