News about REA

  PETALING JAYA (Oct 10): The Real Estate and Housing Developers' Association (Rehda) has urged state governments to adopt an automatic release mechanism for properties allocated under bumiputera quotas to lower the high number of unsold units in the country.

PETALING JAYA (Oct 9): The government is mulling a reduction in  compliance costs for affordable housing developments by saving developers the burden of undertaking the construction of certain utilities infrastructure.

KUALA LUMPUR (Oct 8): Asian Strategy & Leadership Institute (Asli) chairperson Tan Sri Jeffrey Cheah said there is a need to change existing legislation for the real estate industry as the laws have not kept up with the pace of nation’s economic and social landscape.

KUALA LUMPUR (October 8): Property developers have until the end of this month to announce the discount that can be passed on to house buyers arising from the sales and services tax (SST) exemption on construction materials, but cutting prices may not be as easy as it is set out to be.

KUALA LUMPUR (Oct 6): The Edge Malaysia asked this question as part of its cover story this week: Will we see new taxes on inheritance and capital gains? “Talk of new taxes being introduced normally intensifies as the tabling of the annual budget approaches.

Rented for: RM4,000 a month Concluded by: Mayzel Wong (REN 17359) (017-575 8999) of Khoo & Associates Realty When: July 2018 Noteworthy: ● Built-up size: 1,300 sq ft ● Unfurnished unit with squarish layout design with no pillar ● Located opposite Queensbay Mall at Bayan Lepas ● Nearby amenities: Eastin Hotel Penang, Employee Provident Fund Bayan Indah branch office, banks, eateries and Kristal Point Corporate Park.

SINGAPORE (Oct 1): According to HDB’s flash estimate of the 3Q2018 Resale Price Index, the index has dropped 0.

KUALA LUMPUR (Oct 1): Metro Kajang Bhd managing director Tan Sri Eddy Chen (pictured) has been appointed as the new chairman of Perbadanan PR1MA Malaysia, the Prime Minister's Office announced today.

PETALING JAYA (Sept 29): Hilton Garden Inn North – formerly the Cititel Express – and Hilton Garden Inn South – formerly the Hotel Empress – on Jalan Tunku Abdul Rahman, Kuala Lumpur, was sold for RM240 million by Singapore's Royal Group in August – barely three years after it had acquired the properties, reported The Edge Malaysia.

KUALA LUMPUR (Sept 24): Finance Minister Lim Guan Eng has urged developers to lower prices of homes as construction materials and services are exempted from the Sales and Service Tax (SST), or the government will review the waiver.