PETALING JAYA (Dec 20): The government will not raise the stamp duty rate from 3% to 4% on the instruments of transfer (Form 14A) for properties worth over RM1 million from Jan 1, 2018, as announced in Budget 2017, according to the Ministry of Finance (MoF).
PETALING JAYA (Dec 18): The prime office market in Kuala Lumpur is forecast to be weaker for the next 12 months, according to Knight Frank’s Asia Pacific Prime Office Rental Index 3Q17.
KUALA LUMPUR (Nov 27): Sunway Bhd's net profit climbed 5% year-on-year to RM150.
KUALA LUMPUR (Nov 7): Khazanah Research Institute (KRI) hopes that Budget 2018’s proposal to formulate the Residential Rental Act to protect the landlord and tenant will spur the rental market.
Property sector Maintain positive stance on the property sector: In the Budget 2018 announcement last Friday, the government announced that the “step-up” end financing scheme will be extended to private property developers to encourage more affordable property projects.
PETALING JAYA (Oct 27): The National House Buyers Association (HBA) has lauded the government’s move to build more affordable homes.
KUALA LUMPUR (Oct 27): Budget 2018’s proposals to stimulate the housing rental market could mark the beginning of a greater focus on the rental market in the near future, according to Laurelcap Sdn Bhd executive director Stanley Toh.
PETALING JAYA (Oct 27): Although Budget 2018 doesn’t have any significant proposals for the property market, some of the proposals may indirectly offer opportunities to boost demand for houses.
KUALA LUMPUR (Oct 27): CBRE | WTW viewed the government’s move of not reintroducing the developer interest bearing scheme (DIBS) and maintaining the current real property gains tax (RPGT) rate in Budget 2018 as positive.
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