Zeti: Property prices have to adjust
KUALA LUMPUR (Oct 31): Property prices will definitely have to adjust in the near term to cater to the softening demand, said Sime Darby Property Bhd's chairman Tan Sri Zeti Akhtar Aziz.
Malaysia's right to review price of water sold to S'pore is irrefutable
KUALA LUMPUR (Oct 31): Malaysia still maintains the right to review the price of water sold to Singapore under the Water Agreement 1961 and 1962, said Deputy Foreign Minister Datuk Marzuki Yahya.
Wanted: A revolutionary way for people to own homes
Rising property prices and inflation are natural in a growing economy.
Another 30,000 Rumah Selangorku homes to be built from 2018 to 2023
SHAH ALAM (Oct 23): The Selangor state government aims to launch 30,000 units of affordable homes under its Rumah Selangorku housing scheme over the next five years, said Selangor Menteri Besar Amirudin Shari.
Introduction of new taxes could further impact property sector, says TA Securities
KUALA LUMPUR (Oct 15): Any introduction of new taxes — such as the inheritance tax and capital gain tax — could weigh on house buyers and investor sentiment, further impacting the property sector which has already been plagued by affordability and strict lending issues, according to TA Securities.
Federal govt committee to evaluate fair housing prices determined
KAJANG (Oct 11): National Property Information (Napic) director Badrul Hisham Awang said plans are being made to form a federal-level independent committee to evaluate fair selling prices for homes in Malaysia, a replication of the model used in Melaka currently.
Construction counters dip as govt retenders MRT2 underground work
KUALA LUMPUR (Oct 8): Construction counters this morning reacted negatively to news of the government's decision to retender MRT2's underground work, after terminating MMC-Gamuda KVMRT Sdn Bhd as the contractor.
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UEM Sunrise to study SST waivers impact on property prices
KUALA LUMPUR (Oct 2): UEM Sunrise Bhd is studying if it is even possible to reduce property prices thanks to exemptions on certain construction materials and services from the Sales and Service Tax (SST) on property prices as any savings may be offset by the rise of other construction costs.
Singapore: HDB resale index falls 0.2% amid continued concerns over value of older flats
SINGAPORE (Oct 1): According to HDB’s flash estimate of the 3Q2018 Resale Price Index, the index has dropped 0.
M'sia 1Q18 median house price is RM280k
PETALING JAYA (Aug 17): The median house price in the country in the first quarter of 2018 (1Q18) stood at RM280,000, according to the National Property Information Centre’s (Napic) The Residential Prices Quarterly Update report for the period.
