Oriental Real Estate crosses borders to grow bigger
Chief executive officer Eddie Lee: ORESB has advanced over the years and succeeded in opening many branches in Malaysia.
Chief executive officer Eddie Lee: ORESB has advanced over the years and succeeded in opening many branches in Malaysia.
With i-Miliki, an initiative under Putrajaya’s Home Ownership Programme 2022/2023 or HOPE, first-time purchasers of homes priced RM500,000 and below will be fully exempted from paying the stamp duties on the Memorandum of Transfer (MOT) and loan agreement, while first-time purchasers of residential units priced above RM500,000 up to RM1 million will receive 75% remittance on the two stamp duties.
A 100% stamp duty exemption is given to first-time homebuyers to purchase homes priced not more than RM500,000, while a 75% stamp duty exemption is given to those buying houses priced between RM500,001 and RM1 million, the ministry said.
DONE DEAL: Terrace house, Cheras, Kuala Lumpur DONE DEAL: Terrace house, Subang Jaya, Selangor Emerald Damai is nestled in an exclusive gated and guarded residential enclave enveloped by lush green hills and the serenity of a central lake in the bustling township of Alam Damai, Kuala Lumpur.
“Social housing for rentals should become the social housing stock of the nation to provide transit housing for the incoming deserving households.
Local Government Development Minister Nga Kor Ming said: "This step is one of the collective initiatives between the government and housing developers in providing homes for the people.
“We should not ‘brand’ affordable housing as an effort that only the government can provide,” said Suraya Ismail, Director of Research in Khazanah Research Institute.
The association also wants the creation of a Housing Index “as different states and localities have different standards or definitions of affordable housing.
The association explained that this would “eliminate the current practice of cross-subsidies that raise the costs of regularly priced housing, making it more expensive for the M40 rakyat to afford homes”.
DONE DEAL: Serviced residence, Taman Maluri, Cheras, Kuala Lumpur DONE DEAL: Serviced residence, Tropicana Gardens, Selangor Situated in a posh residential area of Kuala Lumpur, Bukit Tunku or famously known as Kenny Hills, has a myriad of conveniences.