Property transfers must be reported within 60 days for tax purposes, says IRB
“Prosecution action can also be taken against those who fail to submit the RPGT return form, with fines of up to RM5,000 and imprisonment not exceeding 12 months, or both.
MyCC: Higher conveyancing fees conflict with govt's bid to improve housing affordability
The commission said the imposition of fixed conveyancing fees is inconsistent with the fact that litigation fees in Malaysia do not follow fixed rates.
Mah Sing: Housing Credit Guarantee Scheme and RPGT exemption timely for market recovery
PETALING JAYA (Oct 29): Mah Sing Group has lauded the initiatives tabled by the government in Budget 2022 with a total allocation of RM332.
CBRE | WTW: No waivers and mention of MM2H, a neutral Budget for property sector
PETALING JAYA (Oct 29): CBRE | WTW group managing director Foo Gee Jen (pictured) maintained a neutral outlook for the real estate industry in light of the tabling of Budget 2022 today.
REHDA: Removal of RPGT will help invigorate property market
PETALING JAYA (Oct 29): Real Estate and Housing Developers’ Association Malaysia (REHDA) lauded the government’s proposal to waive real property gains tax (RPGT) for properties sold on the sixth year onwards in the Budget 2022 announcement today.
Budget 2022: Hardly any goodies for the property market
PETALING JAYA (Oct 29): Overall, there is no 'creativity' in Budget 2022 with regards to the property sector, said said KGV International Property Consultants (Johor) Sdn Bhd executive director Samuel Tan (pictured).
Budget 2021: Waive RPGT on all properties below RM10m — PEPS
KUALA LUMPUR (Nov 4): The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) has proposed that the government waive the real property gains tax (RPGT) across all property sectors involving transactions of less than RM10 million in 2021 to stimulate the property market.
What ails the Malaysian residential property sector
Owning a home is a dream of most Malaysians but, for many, it remains elusive.
Global real estate market to show signs of recovery in 2H20, says Savills
KUALA LUMPUR (June 26): End-user residential is experiencing a rebound in countries where the market has reopened, notably China where the market was given a post-lockdown boost by the central bank’s credit easing, according to Savills Global Market Sentiment Survey (June 2020).
Incentives for foreign property buyers needed
PETALING JAYA (June 5): The property market stimulus measures announced under the country’s Penjana Short-term Economic Recovery Plan (ERP) today would benefit the domestic market but the country needs foreign investors to help the market recover as well, said the Associated Chinese Chambers of Commerce & Industry of Malaysia (ACCCIM) head of taxation committee Koong Lin Loong (pictured).
