The tabling of Budget 2021, which encouraged purchase of first home, especially among the B40 and M40 groups, will benefit Malaysians having problems to become house owners. Malaysian Real Estate and Housing Developers’ Association (REHDA)president Datuk IR Soam Heng Choon, in welcoming the move, regarded it as part of the government’s initiative to encourage the people to have…
Read MoreTo further promote homeownership, the Government has announced a full stamp duty exemption on instruments of transfer and loan agreement for first-time homebuyers on residential properties priced RM500,000 and below. This exemption is effective for sale and purchase agreements executed from Jan 1, 2021 to Dec 31, 2025. Below are the responses of industry stakeholders…
Read MoreMalaysian Institute of Property and Facility Managers (MIPFM) president Adzman Shah (pictured) said the full stamp duty exemption on Memorandum of Transfer (MOT) and loan agreement for first home priced below RM500,000 will be good for the property market but it may not help strata property purchasers if the strata titles are delayed beyond 2025….
Read MoreThe days of living in poor conditions are numbered. Those from the lower-income group can rejoice as the government will be allocating some RM1.2 billion for the construction of comfortable and quality housing come next year. Read other Budget 2021 news on EdgeProp.my/Budget2021 With the tabling of Budget 2021 today as presented by Finance Minister Datuk Seri…
Read MoreWhile agreeing on the priority for the lower-income group, Henry Butcher Malaysia chief operating officer Tang Chee Meng is also disappointed that the property industry has received little attention from the government in Budget 2021. Tang said that the government has clearly prioritised the lower-income ground based on what has been announced in the Budget…
Read MoreThe Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) has proposed that the government waive the real property gains tax (RPGT) across all property sectors involving transactions of less than RM10 million in 2021 to stimulate the property market. In its Budget 2021 wishlist, PEPS said the…
Read MoreDesa ParkCity is designed according to the New Urbanism concept. (Desaparkcity.com) Desa ParkCity is a sought-after developing township. It is built on a previously barren mine site just south of Bandar Manjalara in Kepong and north of Kampung Penchala and Taman Tun Dr Ismail. ParkCity Group, a subsidiary of Miri-based Samling Group, acquired the 191ha…
Read MoreBank Negara Malaysia (BNM) has decided to maintain the Overnight Policy Rate (OPR) at 1.75% today as the country’s economic activity is projected to improve further and as the central bank expects the nation’s underlying inflation to remain subdued as the world economy contends with the resurgence in Covid-19 cases. In a statement today, BNM…
Read MoreProperty experts say the drop in property prices will likely be limited to new launches of affordable units. Property prices in Malaysia, particularly the primary market, are likely to be sluggish following the Covid-19 pandemic. In the post-moratorium context, questions are being asked as to whether this will be the result of developers marking down…
Read MoreProperty market activity has actually been on an upward trend since the Recovery Movement Control Order was implemented. The secondary, or sub-sale, property market is expected to remain steady despite the soft economic conditions. But there is concern among homebuyers and investors that property prices and activity will be subdued in both the primary and…
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