A 4% stamp duty on foreign buyers may counterbalance the benefits of relaxed MM2H rules, affecting the property market. KUALA LUMPUR, 16th Oct 2023 - The 4% stamp duty imposed on foreign buyers by Putrajaya might negate the positive effects of relaxing the Malaysia My Second Home (MM2H) participant conditions. Maybank Investment Bank (IB) research points out that while the more lenient MM2H...
Prime Minister Anwar Ibrahim reveals budget allocation, including a guarantee fund for reviving abandoned projects and measures to control property prices, in Malaysia MADANI Budget 2024. KUALA LUMPUR, 13th Oct 2023 - Prime Minister Datuk Seri Anwar Ibrahim, who also serves as the Finance Minister, announced that the government has earmarked RM24.7 billion to advance the people's housing project (PPR)...
PEPS urges the government to extend the RPGT waiver to ease property overhang issues and highlights the need for incentives like the rent-to-own scheme and support for affordable housing. Here's their wishlist for the 2024 Budget. KUALA LUMPUR, 11 Oct 2023 - The Association of Valuers, Property Managers, Estate Agents, and Property Consultants in the Private Sector (PEPS) has made a fervent appeal to...
Malaysian real estate stakeholders urge the government to reintroduce the Home Ownership Campaign (HOC) in Budget 2024, citing its success in promoting home ownership and affordability through financial incentives. KUALA LUMPUR, 10 Oct 2023 - Real estate stakeholders in Malaysia are eagerly awaiting Budget 2024, hoping for additional measures that will support developers, empower homeowners, and...
As of August, Malaysia has successfully revived 256 private housing projects with a total GDV of RM23.37 billion. These projects received completion certificates and progress status, signaling positive developments in the housing sector. KUALA LUMPUR, 04 Oct 2023 - Malaysia has breathed new life into 256 private housing projects, collectively valued at RM23.37 billion, as of August this year, as...
Rehda urges the government to address housing unaffordability in Budget 2024 through reduced costs and charges, making homeownership accessible to Malaysians. KUALA LUMPUR, 29 Sep 2023 - Rehda, the Real Estate and Housing Developers Association Malaysia, has called upon the government to tackle the growing issue of housing unaffordability in the upcoming Budget 2024. In a recent press statement,...
Malaysia's tourism trends like glamping, camping, caravans, B&B, and Airbnb must prioritise safety and security, including updating outdated accommodations. KUALA LUMPUR, 27 Sep 2023 - Emerging tourism trends in Malaysia, including glamping, camping, caravans, bed and breakfast (B&B), and Airbnb, are being urged to give top priority to the safety and security of guests. Moreover, established...
Discover the vibrant community hub Sierra Fresco and IOI Galleria @ 16 Sierra by IOI Properties in Puchong South. Explore their vision for a thriving lifestyle destination. PUCHONG, 25 Sep 2023 - IOI Properties Group celebrated the launch of Sierra Fresco and the new IOI Galleria at its 16 Sierra township, Puchong South, over the weekend, offering the surrounding community a weekend filled with...
With an additional RM123 million allocation, the government surpasses its housing target, constructing 4,250 units of Rumah Mesra Rakyat to provide affordable homes to Malaysians. BENTONG, 21 Sep 2023 - The government has set an ambitious goal to build 5,045 units of Rumah Mesra Rakyat (RMR) this year, thanks to an additional RM123 million allocation approved in August. Nga Kor Ming, the Minister of...
The federal government greenlights the East Coast Rail Link (ECRL) integrated land use master plan, driving development around 20 stations and along the ECRL routes. KUALA LUMPUR, 19 Sep 2023 - During the 42nd National Physical Planning Council (MPFN) meeting, the federal government gave its approval for the East Coast Rail Link (ECRL) integrated land use master plan, also known as PeGTaECRL. Prime...
