Malaysian retailers urge MOF to waive or defer SST on commercial rentals
"Defer the SST on rentals until after Visit Malaysia Year 2026 to preserve industry stability and support tourism-linked growth.
"Defer the SST on rentals until after Visit Malaysia Year 2026 to preserve industry stability and support tourism-linked growth.
The proposed Real Property Development Act will cover mixed developments, including retail and commercial properties, the Ministry of Housing and Local Government said in a statement over the weekend.
Cross-border capital flows also rose by 12% to US$171 billion, underscoring the international appetite for real estate.
In the first half of 2024, KL's commercial property market witnessed a remarkable surge, with transaction volume increasing by 45.
The property comprises two office-suite parcels within Menara Southpoint in Mid Valley City, Kuala Lumpur.
Its property operating expenses stood at RM11.
It also saw net profit for the quarter increase 2.
The mural project, held from June 12 to June 15, involved 34 students from Dasein Academy of Art, guided by three lecturers.
The strong profit growth was driven by higher contributions from all its operating segments, namely the property investment of commercial and retail, property development and hotel businesses.
Both REITs set Feb 15 as the ex-date for their DPUs, with the amount to be disbursed to unitholders on Feb 29.