UOA REIT's 2Q net profit drops 7% on higher operating expenses
The REIT announced an interim income distribution of 3.
Increase in legal fees will, however, be set off by (legal) discounts
As the increase in legal fees is reasonable and not significant when compared against the property value or loan amount, it is not expected to cause a domino effect towards the rising cost of living or house prices.
Rise in conveyancing legal fees will mean increased cost of purchasing a home, says Rehda
Rehda president Datuk N K Tong: The average citizens, who are still grappling with the aftermath of Covid-19, will undoubtedly feel the impact of the increase in legal fees.
Unitrade Industries partners Invest Kedah to develop modular housing systems
This collaboration aims to provide a cost and space-efficient housing solution that effectively address workers’ accommodation issues, thereby creating a conducive work environment and infrastructure in Kedah, said Unitrade.
Gamuda buys 9.1-acre land in Vietnam for US$315 mil for mixed-use development
The company said this mixed-use development site has a projected gross development value (GDV) of US$1.
Tex Cycle to sell property in Jalan Kuchai Lama for RM29 mil
The group is selling the property, via its wholly owned unit Metro Envy Sdn Bhd, to Gorgeous Arena Sdn Bhd (GASB), Tex Cycle said in a filing with Bursa Malaysia.
IJM Land launches Nexus Seremban 2 commercial hub
With built-ups from 3,455 square feet (sq ft) to 10,559 sq ft, these units come with a starting price of RM1.
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.
CIDB launches National Building Information Modelling e-Submission Initiative
We believe that NBES is a very impactful project which will contribute significantly towards expediting BIM adoption and enhance the ease of doing business in construction,” said CIDB chief executive Datuk Ahmad Asri Abdul Hamid in a press statement.
Property legal fees set to rise this Saturday
According to the SRO 2023, the changes will “affect transactions involving non-contentious matters such as the sale and purchase of movable and immovable properties, financing and tenancies”.
