News about property

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.

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

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.

  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.

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.