FundMyHome not a monopoly, says Pua

Nov 09

KUALA LUMPUR (Nov 9): The FundMyHome property platform will not be a monopoly of the newly-proposed home financing scheme sector, political secretary to Minister of Finance Tony Pua explained today.

A-Rank to venture into property development, plans two-for-five bonus issue

Nov 08

KUALA LUMPUR (Nov 8): A-Rank Bhd has proposed to diversify its business to include property development, in view of intense market competition faced by its existing aluminium business.

I-Bhd 3Q net profit down 21% on lower property segment contribution

Nov 07

KUALA LUMPUR (Nov 7): I-Bhd has posted a 21% drop in net profit to RM5.

Budget 2019: Property sector biggest winner of Budget 2019, says Maybank chief

Nov 02

KUALA LUMPUR (Nov 2): Malayan Banking Bhd (Maybank) sees the property sector as the biggest winner of Budget 2019, with a variety of measures ranging from specific allocations for supply – financing of first-time purchases – of affordable housing, as well as stamp duty exemptions and property crowdfunding to help the industry clear the supply overhang, placing it on a path to sustainable growth.

Budget 2019: Property consultant expects more deals closed before higher RPGT kicks in

Nov 02

PETALING JAYA (Nov 2): A property consultant expects a more active real estate transaction now till year end to avoid additional Real Property Gains Tax (RPGT) charges.

Budget 2019: Good news for first-time homebuyers, but not for investors, says Savills Malaysia

Nov 02

PETALING JAYA (Nov 2): The increase in stamp duty rates for the transfer of property valued RM1 million and above as well as the imposition of Real Property Gains Tax (RPGT) on future property sales have increased the entry and exit costs for property ownership which might dampen investors’ interest, said Savills Malaysia managing director Datuk Paul Khong.

Budget 2019: MIPEAC lauds government’s effort to resolve market mismatch problems

Nov 02

PETALING JAYA (Nov 2): Budget 2019 is a very comprehensive budget that encourages homeownership while aiming to resolve the mismatch in property demand and supply, said Malaysian Institute of Professional Estate Agents and Consultants (MIPEAC) deputy president See Kok Loong (pictured).

Budget 2019: No big impact expected from higher RPGT, say industry experts

Nov 02

PETALING JAYA (Nov 2): While the Real Property Gains Tax (RPGT) rate will be increased after the fifth year, industry experts believe it will not adversely impact the property market as the quantum of increase is rather minimal.