Maybank Investment Bank (IB) research noted that while a less stringent MM2H “should benefit the domestic property industry in both the rental market and property demand, the imposition of a flat 4% stamp duty on foreign buyers, could result in a 63% increase in stamp duty fees for a property priced at RM1.
The REIT, whose portfolio includes the Mid Valley Megamall and The Gardens Mall, posted a 6.
Maybank Investment Bank's (Maybank IB) research and economics team is overall positive on the Budget 2024 measures, "with fiscal consolidation commitment reiterated, yet the national budget is expansionary and pro-growth".
“Once cancellation is done, action should be taken against those individuals whether in PDC or in the state government or outside responsible for this shoddy mess,” said Ramasamy, who is a former board member of PDC.
Varied views from a number of stakeholders in the property segment The Association expresses concerns over plans to introduce a 4% flat rate for the stamp duty on memorandum of transfers on purchases by foreign individuals and companies.
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“In order to pump prime the revival of the Malaysian construction industry, the MBAM appeals to the government to provide more assistance for the construction industry to revive and sustain the construction sector.
At the same time, the government is calling for companies to offer a model for residential rooftop solar installation that requires zero capital expenditure (capex), such as those currently offered by Petroliam Nasional Bhd’s (Petronas) green energy unit Gentari Sdn Bhd.
Located along 19 Hoff Boulevard Street, BLVD is a 73-storey apartment development.
The construction firm said its wholly-owned subsidiary Propel Global Development Sdn Bhd has inked agreements with the vendor, Goldhill Deluxe Sdn Bhd, to purchase a 14,442 sq m parcel for RM13.
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