Rehda’s Soam: A property market crash will lead to wealth destruction

The property sector has “multiplier effects” on more than 140 industries in the country, and any property market crash will lead to wealth destruction for the peopleReal Estate and Housing Developers’ Association Malaysia (Rehda) president Datuk Soam Heng Choon said in a report by The Edge Malaysia this week. Continue reading “Rehda’s Soam: A property market crash will lead to wealth destruction”

Give developers of TOD projects option to reduce car park bays: Transport Minister

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Transport Minister Anthony Loke (pictured) has proposed that transit-oriented development (TOD) projects be given relaxation to reduce the number of car park bays as a measure to lower the prices of houses.

He said the proposal will also encourage residents to use public transport and indirectly reduce traffic congestion while buyers can choose not to have a car park bay. Continue reading “Give developers of TOD projects option to reduce car park bays: Transport Minister”

Lower property price threshold for foreigners: It could attract Singaporeans

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There could be “some positive reaction from Singaporeans” when the foreign property price threshold reduction from RM1 million to RM600,000 kicks in, a property expert told Free Malaysia Today (FMT).

“There may be a fair number of Singaporeans who may see it as an investment opportunity,” Rahim and Co International CEO Siva Shanker (pictured) told the news portal. Continue reading “Lower property price threshold for foreigners: It could attract Singaporeans”

KPKT wants state govts to set suitable minimum threshold price for foreigners

The Ministry of Housing and Local Government (KPKT) has asked the state governments to set appropriate minimum threshold price for foreigners in their respective states.

Its minister Zuraida Kamaruddin (pictured) said the announcement of the RM600,000 in the Budget 2020 was just a guide and stressed that it would be implemented for a year starting next year. Continue reading “KPKT wants state govts to set suitable minimum threshold price for foreigners”

Government to impose Digital Services Tax instead of reinstating GST

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11 October, KUALA LUMPUR – The government has no intention of bringing back the Good and Services Tax (GST), instead it will introduce a new Digital Services Tax and several tax incentives and exemptions to further boost the economy, said Finance Minister Lim Guan Eng. Continue reading “Government to impose Digital Services Tax instead of reinstating GST”

The hidden value in Klang

Klang has recorded over 3,600 residential transactions in 2018. (Photos by The Edge and Low Yen Yeing/EdgeProp.my)

From mouth-watering bak kut teh (herbal pork soup), crispy and flaky layered roti canai, the flavourful nasi lemak and kopi-kaw to refreshing yoyo ice (ice-blended fruit juice), as well as delicious layer cakes, Klang in Selangor is a food haven and is one of the most popular day-trip destinations for foodies from Kuala Lumpur (KL) and Petaling Jaya (PJ). Continue reading “The hidden value in Klang”