News About residential
PETALING JAYA (Dec 18): Paris tops the list of cities with most growth potential, with a projected 9% price growth following years of slow capital appreciation as it benefits from the Eurozone’s improved economic outlook, said global property consultancy Knight Frank.
PETALING JAYA (Nov 20): There is still a lot of ambiguity in the new ruling to freeze approvals for four types of developments in Kuala Lumpur, said Zerin Properties CEO Previndran Singhe.
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.
PETALING JAYA (Oct 27): Residential property loans made up a larger proportion of household debt – which rose by 5.1% to RM1.12 trillion as at end-July 2017 – expanding by 8.8%, according to the “Economic Report 2017/2018”.
PETALING JAYA (Oct 27): The non-residential property subsector grew by 4.9% to RM6.4 billion in the first half of 2017 (1H17), according to the “Economic Report 2017/2018”.
PETALING JAYA (Oct 27): The residential overhang rose by 55.4% to 20,876 units valued at RM12.3 billion in the first half of 2017 (1H17), up from 13,438 units worth RM7.6 billion in 1H2016, according to the “Economic Report 2017/2018”.
PETALING JAYA (Oct 27): The take-up rate for residential property units rose 23.9% with 6,775 units in the first half of 2017 (1H2017) from 1H2016 due to continued access to housing loans, especially for first-time homebuyers, according to the “Economic Report 2016/2017”.
SINGAPORE (Sept 5): The Ministry of National Development has raised the development charge (DC) rates for land use groups: commercial; landed residential; and non-landed residential for the period of Sept 1 to February 28, 2018. DC is payable to the state by property owners when approval is granted for land use intensification or for change of use. The DC rates remain unchanged for the other use groups.
KUALA LUMPUR (Aug 30): Mah Sing Group is topping up its RM23 million Celebration Rewards Campaign with the RM23 million Rewards Reloaded plus Rush For Your Gold campaign, giving out a total of 75 gold bars to customers who purchase one of the group’s properties.