KUALA LUMPUR: The government will continue to provide continuous support to stimulate growth in the real estate sector, including extending full stamp duty exemption for first-time house buyers for houses worth up to RM500,000 until December 2025. Department of Valuation and Property Management (JPPH) director-general,...
KUALA LUMPUR: The Malaysian real estate sector’s growth is expected to continue this year despite the impending increase in Sales and Service Tax (SST) rate to 8% from 6% from March 1, according to international property consultants Rahim & Co International Sdn Bhd. Rahim & Co director of research and strategic planning Sulaiman Akhmadi Mohd Saheh said the market’s impressive performance in...
PETALING JAYA: The local real estate industry has seen encouraging signs of recovery in the second half of 2023, and the positive trend is expected to continue in 2024, thanks to Bank Negara Malaysia's (BNM) decision to maintain the Overnight Policy Rate (OPR) at three per cent, said property developer Masteron Sdn Bhd....
KUALA LUMPUR: The Ministry of Local Government Development has issued a warning saying that it will continue the crackdown on commercial premises that have been renovated into tiny rental rooms resembling ‘bird’s nests’, said Minister Nga Kor Ming. He said checks found that some residential unit owners carried out renovations on their property without seeking approval from the authorities....