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Ideal United Bintang to develop PR1MA project
GEORGE TOWN: Ideal United Bintang International Bhd (IUBIB) will develop RM828.6mil worth of property for the 1Malaysia People’s Housing or PR1MA programme in the fourth quarter.
Ideal United, PR1MA in Penang project
KUALA LUMPUR: Ideal United Bintang International Bhd has teamed up with PR1MA Corp Malaysia to jointly undertake a property development project in Bandar Gelugor, Penang.
Ideal United, PR1MA in RM828m property project on Penang island
KUALA LUMPUR: Ideal United Bintang International Bhd has teamed up with PR1MA Corporation Malaysia to jointly undertake a property development project in Bandar Gelugor, Penang island.
HBA: Maintain 3% deposit
KUALA LUMPUR: The Housing and Local Government Ministry has exempted 122 developers from having to pay the requisite 3% deposit of gross construction cost between 2016 and November 2019 when undertaking housing development projects.
Budget wishlist from property association
IN view of the lacklustre market and oversupply situation, the real estate sector has urged the government to remove and reduce the real property gains tax (RPGT) after the fifth year of purchase for non-citizens and companies to 5%, instead of the current 10% and zero tax for Malaysians and PRs.
PR1MA renews agreements with developers worth RM3.29bil
KUALA LUMPUR (Bernama): Perbadanan PR1MA Malaysia (PR1MA) has renewed partnership agreements worth RM3.29bil with 17 development partners to reaffirm its commitment to deliver affordable quality homes to the rakyat.
Rehda urges Govt to review charges, requirements to save cost
KUALA LUMPUR: The Real Estate and Housing Developers’ Association (Rehda) hopes the government will lower or abolish unnecessary charges and requirements imposed on developers to reduce the cost of doing business
Malaysian budget to address high cost of living issue
PETALING JAYA: The upcoming Budget 2020 will emphasise on new growth measures to address the high cost of living issue and improve the purchasing power of Malaysians, particularly the Bottom 40 (B40) segment, according to TA Securities.
Modernising the real estate sector
EVERYBODY wants to be a property owner, but few enjoy the process of acquiring one. From securing a bank loan to signing legal agreements, a property sales cycle involves multiple parties and manual processes that require months to complete.
Banks' lending activity remains robust
PETALING JAYA: Banks are not restricting lending activities amid concerns that lenders have been reluctant or stringent in their financing.