Dabbling with RTO
A number of government agencies and private developers have already introduced variants of the Rent-To-Own (RTO) concept to facilitate easier home ownership.
50% tax exemption on rent should be given to tenants, not landlords, says RISM
PETALING JAYA (Oct 27): It will be more appropriate if the government granted the 50% tax exemption to tenants as they are the party in need of assistance, instead of rewarding landlords with the Budget 2018 measure to halve tax on rental income, said the Property Management, Valuation and Estate Agency Surveying (PMVS) Division of the Royal Institution Of Surveyors Malaysia (RISM) in a statement today.
Soil testing starts for ECRL — MRL
KUALA LUMPUR (Oct 26): Malaysia Rail Link Sdn Bhd (MRL), the project owner of the RM55 billion East Coast Rail Link (ECRL) project, has commenced soil investigation, as well as set up base camps on multiple sites in Kelantan, Terengganu and Pahang.
S P Setia’s I&P buy and rights issue deemed as fair and reasonable — Affin Hwang
KUALA LUMPUR (Oct 25): S P Setia Bhd’s proposals to acquire I&P Group Sdn Bhd for RM3.
T7 Global inks MoU to form partnership for ECRL
KUALA LUMPUR (Oct 23): T7 Global Bhd has entered into a memorandum of understanding (MoU) with three private companies to form strategic partnerships for the construction of the East Coast Rail Line (ECRL) project.
Property rental market needs regulation, says Finance Minister II
PETALING JAYA (Oct 6): Property rental laws are vital to establishing a more robust rental market in Malaysia, said Minister of Finance II Datuk Seri Johari Abdul Ghani.
Tangkas Properties finds a niche in corporate factories
JURU (Oct 6): Tangkas Infinity, a boutique industrial development by Tangkas Properties Sdn Bhd, is slated to be handed over sometime this month.
ECRL price tag of RM55b not as inflated — MRL Infra chief
KUALA LUMPUR (Oct 5): The RM55 billion price tag for the construction of the East Coast Railway Link is not as hefty or inflated as some may argue, said Malaysia Rail Link Sdn Bhd (MRL) Infra Director Nor Rizan Mohd Akhir.
Al-Salam REIT to acquire Mydin in Terengganu for RM155m
KUALA LUMPUR (Oct 4): Al-Salam Real Estate Investment Trust (REIT), via its trustee Amanahraya Trustees Bhd, is planning to buy the Mydin hypermarket in Gong Badak, Terengganu, for RM155 million.
Property market recovery seen by 2H18 — UEM Sunrise
KUALA LUMPUR (Oct 3): UEM Sunrise Bhd expects Malaysia's property market, particularly within the premium segment, to recover from the second half of next year on improving income growth and better mix of real estate products.
