News about tax

Sunway Bhd has retained its top spot in the overall ranking of The Edge Malaysia Top Property Developers Awards for the second year running.

DEVELOPERS have begun to make adjustments to mitigate the slowdown in Iskandar Malaysia’s property market.

Real estate investors in Malaysia are very alert to any change in Real Property Gains Tax (RPGT), especially during October, when the national budget is tabled in parliament.

We asked several property experts and agents on their views on the lack of changes or announcements on Real Property Gains Tax (RPGT) and Developers Interest Bearing Scheme (DIBS) for Budget2016.

PETALING JAYA (October 21): Despite the slowdown in the property market, there are no fire sales on the secondary market because of the strong holding power of Malaysian buyers, said Stephen Yew, executive director of The One Property International Sdn Bhd.

KELANA JAYA (Sept 11): Weak consumer and industry sentiment is expected to continue slowing the property market in the second half of the year (2H2015), said the Real Estate and Housing Developers Association of Malaysia (Rehda).

SELANGOR (Sept 8): Country Heights Holdings Bhd’s (CHHB) wholly-owned subsidiary Country Heights Sdn Bhd (CHSB) was slapped with two law suits amounting to RM 28.

Bina Puri Holdings Bhd (Sept 4, 36.

GEORGE TOWN (Aug 18): The Goods and Services Tax (GST) implemented in April this year is affecting property players and estate agents.

KUALA LUMPUR (June 19): Mah Sing Group Bhd expects sales to pick up in the second half of the year (2H2015) following sales of just RM761 million in the first four months of the year – or 22% of their RM3.