News about property

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.

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).

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.

KUALA LUMPUR (Nov 2): Malaysia's tax revenue is estimated to register RM174.

Get the latest reports on the Budget 2019 tabled today (Nov 2).

KUALA LUMPUR (Nov 1): The Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP), which is currently giving a one-year window period for any person with property management experience to be registered as a property manager, expects the number of registered property managers to increase from the current 3,000 to 6,000 by year-end.

PETALING JAYA (Oct 31): The Malaysian Institute of Estate Agents (MIEA) supports the call for the creation of a separate board made by the Malaysian Institute of Professional Property Managers and Facility Managers (MIPFM) president Sarkunan Subramaniam recently.

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.

PETALING JAYA (Oct 31): The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) has rebuked a proposal to separate board to register and regulate property, facility and strata managers as property management is interrelated with other professions.

KUALA LUMPUR (Oct 29): Mah Sing Group Bhd's Savanna Executive Suites @ Southville City project has emerged as the sole winner of The Edge Malaysia Affordable Urban Housing Excellence Award 2018 at The Edge Malaysia Property Excellence Awards 2018 (TEPEA) which was held tonight.