HLIB sees minimal impact on REITs amid high-value goods tax implementation
The tax at a rate of 5% to 10% (previously known as the luxury tax) will come into effect in May.
2023 property news recap
Throughout 2023, EdgeProp has delivered numerous industry stories to ensure you stay well-versed and empowered in navigating the property landscape.
MBSB Bank seeks to sell Country Heights land via auction over default on financing payment
Country Heights said MBSB is seeking the High Court's approval to sell the two pieces of land, which are charged to MBSB by the property developer's indirect wholly-owned units, Mines Waterfront Business Park Sdn Bhd (MWBP) and Mines International Exhibition Centre Sdn Bhd (MIEC).
Berjaya Land unit secures US$50m loan from Exim Bank for Four Seasons Okinawa project
Spanning 32 acres, Four Seasons Okinawa has an estimated gross development value of US$1.
UEM Sunrise partners with AFFIN BANK to empower female homebuyers
Among the various incentives include access to AFFIN BANK’s INVIKTA Premier Banking for female customers with financing amounts exceeding RM500,000.
Raising OPR not an effective tool to strengthen ringgit, say economists
The last time Bank Negara Malaysia raised the OPR was in May, instituting a 25 bps hike to 3%, from 2.
Raising OPR 'no longer relevant' after inflation rate decline, says deputy finance minister
Ahmad Maslan emphasized that the government is closely monitoring the movement of the Malaysian ringgit, as it affects the prices of imported goods.
MHub collaborates with RHB Bank to streamline property loan submissions
The integration allows buyers utilising MHub's platform to complete their RHB loan submissions digitally.
Avaland and AmBank form strategic partnership to fund RM129.8 mil green financing for Alora Residences
The financial institution also offers up to RM54 million end financing for Alora Residences SUBANG JAYA (Oct 18): AmBank has inked green financing facilities with Avaland Bhd valued at RM129.
Sime Darby Property partners Maybank to offers instant approval for eligible homebuyers
Additionally, homebuyers will be assigned a dedicated Maybank mortgage representative and have the option to check their home financing application status on the Maybank2u website.
