Housing affordability: The reality
To many, the building of over-priced houses by “profit-seeking” developers has caused the aggravation of housing affordability in the country, thereby leading to a spike in the number of overhangs in the market.
EXCLUSIVE It’s off!: Proposed tax on unsold property put on the back-burner
KUALA LUMPUR (Aug 26): Putrajaya’s proposal for a tax on unsold property has been put on the back-burner.
The Edge: Imposing a tax on unsold and vacant properties will be a disaster
It was recently reported that a vacancy tax on unsold properties may be imposed on property developers to reduce the overhang.
No need for vacancy tax on unsold luxury high-rise homes in Klang Valley for now, says deputy FT minister
KUALA LUMPUR (Aug 13): There is no need to impose vacancy tax on unsold units of luxury high-rise residences in the Klang Valley as the number remains low, said Deputy Federal Territories Minister Datuk Seri Dr Edmund Santhara Kumar.
PEPS: Remove 5% RPGT for property disposal from 6th year
PETALING JAYA (Oct 4): The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) is urging the government to review the current Real Estate Property Gains Tax (RPGT) so it can have a positive impact in stimulating the country’s housing market.
Rehda: End financing issue is top reason for unsold properties
PETALING JAYA (Sept 26): The Real Estate & Housing Developers' Association (Rehda), which represents over 1,000 members across Peninsular Malaysia, says today property developers remain neutral on market prospects for the rest of 2019 although they show more optimism for 2020 as the industry grapples with more unsold units.
Sales of new and secondary homes improved, market outlook remains resilient: Napic
KAJANG (Sept 23): Property market transactions for 1H2019 have rebounded for the first time since the market dipped in 1H2015, the improved sales performance also signaling a resilient market outlook, according to data from National Property Information Centre (Napic).
Gabungan AQRS sees better FY18
KUALA LUMPUR (July 13): Gabungan AQRS Bhd’s net profit for the second financial quarter ended June 30, 2018 (2QFY18) more than doubled to RM19.
Affordable housing influx may worsen overhang situation
PETALING JAYA (April 21): A growing supply of affordable housing – variously defined as priced below RM500,000 to below RM200,000 by different authorities and consultancies – by public and private entities threatens to keep overhang units undigested, reported The Edge weekly.
Penang residential overhang more than doubles in 2017
PETALING JAYA (April 17): The residential overhang in Penang (pictured) more than doubled to 3,916 units worth RM3.
