What you need to know about Real Property Gains Tax
Real estate investors in Malaysia are very alert to any change in Real Property Gains Tax (RPGT), especially during October, when the national budget is tabled in parliament.
The trouble with affordable housing supply
PETALING JAYA (Nov 6): The private sector is unable to provide affordable homes at prices on par with Perbadanan PR1MA Malaysia (PR1MA), Rumah Selangorku or other government-backed affordable housing schemes as their land cost and construction cost alone may double the selling prices of these homes, said Knight Frank Malaysia executive director Allan Sim.
EPF invests RM250 mil in industrial development fund
PETALING JAYA (Nov 6): The Employees Provident Fund (EPF) has invested RM250 million into the AREA Industrial Development Fund (AIDF-1), for a 40% share, said EPF CEO Datuk Shahril Ridza Ridzuan at the launch of the fund yesterday.
DONE DEAL: Saville Melawati serviced apartment in Taman Desa Melawati, Kuala Lumpur
Sold for: RM510,000 or RM506 psf Concluded by: Jack Tian of Hartamas Real Estate (OUG) Sdn Bhd (016 434-4681) When: Aug 26 Noteworthy: *1,007 sq ft * Freehold * Serviced apartment * 3 bedrooms, 2 bathrooms * 3.
IGB expands hospitality footprint with new Sydney hotel
SYDNEY (Nov 5): IGB Corp Bhd expanded its hospitality operations to Australia with the official opening of The Tank Stream Hotel in Sydney yesterday at an event officiated by Carol Giuseppi, the CEO of Tourism Accommodation Australia.
Ewein set to bag second Penang project by year end
KUALA LUMPUR (Nov 2): Ewein Bhd, which is currently jointly developing the RM800 million City of Dreams condominium project in Bandar Tanjong Pinang, Penang with Consortium Zenith BUCG Sdn Bhd (CZBUCG), is set to bag its second project on the island by the end of the year.
Multiculturalism makes good business sense for Ian Chen
HE hails from Kajang, Selangor, and manages a consultancy that specialises in marketing Australian property.
EPF mulls disposing of UK property
KUALA LUMPUR (Oct 30): The Employees Provident Fund (EPF) said it is considering realising its investment in Reading International Business Park in Reading, the UK, which the fund acquired from the Arlington Business Parks Partnership Fund for £140 million in 2011.
'Budget 2016 offers little to catalyse property market'
PETALING JAYA: Real estate agents from The Property Expert (TPE) Realty say Budget 2016 offers little to catalyse the property market.
DONE DEAL: Duplex unit in Scott SOHO, Scott Garden, Kuala Lumpur
Sold for: RM480,000 Concluded by: Janet Chong of Hartamas Real Estate (OUG) (012-318 8099) When: August, 2015 Noteworthy: * Freehold * 775 sq ft * one bedroom and two bathrooms * come with one parking, kitchen cabinet, three air-cons and two water heaters.
