News about property

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.

Residential overhang numbers, or properties unsold after nine months post-completion, totals 29,227 units worth RM17.

KUALA LUMPUR (Oct 12): Housing and Local Government Minister Zuraida Kamaruddin is upbeat about the prospects of the property market next year despite the less-than-rosy statistics from the first half of this year (1H2018) presented by the National Property Information Centre (Napic) yesterday.

KAJANG: The slow property market has led to the increase in residential overhang numbers which as of 1H2018 totals 29,227 units worth RM17.

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.

KAJANG (Oct 11): The property market is expected to improve in either 2H2018 or 1H2019, riding on the improvement of household sentiment and business environment, said National Property Information (NAPIC) director Badrul Hisham Awang.

KAJANG (Oct 11) : The slow market absorption of properties has led to the increase in residential overhang which totals 29,227 units worth RM17.

PETALING JAYA (Oct 10): SERC Sdn Bhd executive director Lee Heng Guie expects to see a “lean and mean but supportive” Budget 2019.

  PETALING JAYA (Oct 10): The Real Estate and Housing Developers' Association (Rehda) has urged state governments to adopt an automatic release mechanism for properties allocated under bumiputera quotas to lower the high number of unsold units in the country.

KUALA LUMPUR (October 8): Property developers have until the end of this month to announce the discount that can be passed on to house buyers arising from the sales and services tax (SST) exemption on construction materials, but cutting prices may not be as easy as it is set out to be.