GST slowed down launches of commercial units

PETALING JAYA (March 9): The Goods and Services tax (GST) which was introduced in April last year has reduced demand for commercial properties in the market due to the additional 6% cost that buyers have to pay, said Real Estate and Housing Developers’ Association Malaysia (Rehda) deputy president Datuk Soam Heng Choon.

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These properties are most vulnerable to loan rejection

PETALING JAYA (March 9): Properties priced from RM500,001 to RM700,000 are the most vulnerable to loan rejection, according to almost a third of 159 respondents to the Real Estate Housing Developers Association of Malaysia (Rehda) property industry survey 2H2015.

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Astana Residence records 60% take-up rate

PUTRAJAYA (March 8): Despite the sluggish market, the Astana Residence twin villa development by Putrajaya Holdings Sdn Bhd – the master developer of Putrajaya – is 60% sold since launching in October last year.

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