News about sale

SINGAPORE (Jan 16): In the latest batched tender closing yesterday, bidding for the Club Street hotel plot was fairly aggressive with eight bids received.

BASF (Malaysia) Sdn Bhd's industrial facility in Bukit Jelutong Business and Technology Centre in Shah Alam, Selangor is up for sale following a strategic evaluation of the 12-acre site.

KUALA LUMPUR (Nov 2): The Barisan Nasional (BN) opposition coalition has presented its alternative budget for 2019 with an expected government revenue of RM247.

PETALING JAYA (Oct 8): Majlis Perbandaran Pulau Pinang (MBPP) will absorb the 6% charge from the Sales and Service Tax (SST) imposed on parking fees for council lots, reported The Star.

KUALA LUMPUR (Oct 2): UEM Sunrise Bhd is studying if it is even possible to reduce property prices thanks to exemptions on certain construction materials and services from the Sales and Service Tax (SST) on property prices as any savings may be offset by the rise of other construction costs.

SINGAPORE (Oct 1): According to HDB’s flash estimate of the 3Q2018 Resale Price Index, the index has dropped 0.

PETALING JAYA (Sept 29): The only way developers can bring property prices down is by cutting their profit margins, said a property industry observer.

KUALA LUMPUR (September 25): Sapura Energy Bhd’s wholly-owned units have secured three new jobs and a contract extension valued at about RM815 million.

KUALA LUMPUR (Sept 24): Finance Minister Lim Guan Eng has urged developers to lower prices of homes as construction materials and services are exempted from the Sales and Service Tax (SST), or the government will review the waiver.

Following the abolishment of the Goods and Services Tax (GST), the Sales and Service Tax (SST) kicked off on Sept 1 promptly, but without a complete list of chargeable items, surprising many business operators and consumers.