Merger of PHB into Bumiputera Investment Fund is underway — PMO
The PMO said various prerequisite approvals for the merger are being sought from several parties, including the Companies Commission of Malaysia and the Ministry of Finance.
The PMO said various prerequisite approvals for the merger are being sought from several parties, including the Companies Commission of Malaysia and the Ministry of Finance.
If the lease size exceeds 50 acres (20.
Consequently, this has led to “a number of unintended consequences”, the first of which is the increased number of completed but unsold units, which Tong said is incorrectly labelled as “overhang”.
LPHS and the Selangor Land and Mines Office (PTGS) are supposed to monitor the sale under the bumiputera quotas (median 40% imposition in Selangor) with a bumi discount of 7% of the sale and purchase agreement price vis-a-vis residential per se irrespective landed or stratified.
“The Selangor Land and Mines Office (PTGS) is refusing to release the titles unless we pay a 12% penalty.
Clearly, it is at the state and local authorities that improvements will go a long way towards containing home prices.
“Kita perlu mendidik pasaran kerana kedua-dua pembeli dan penjual perlu dimaklumkan tentang apa yang sedang berlaku, apakah lokasi pilihan terbaik dan sebagainya.
KUALA LUMPUR (Feb 20): Three out of the four foreign hypermarket players in the country “have yet to meet the local shareholder requirement”, The Edge reported this week.
Real Estate & Housing Developers’ Association, Malaysia (REHDA) president Datuk Soam Heng Choon has expressed his concern on the increasing number of unsold bumiputera units in the country.
PETALING JAYA (May 1): It is estimated that unsold Bumiputera units contributed to about at least 40% of the total residential property overhang units in Malaysia.