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KUALA LUMPUR: MCT Bhd (MCT) is gearing up to launch seven new property development projects this year, comprising residential and commercial properties with a combined gross development value (GDV) of RM2.2 billion.
AmBank Group CEO Datuk Sulaiman Mohd Tahir says the government’s Budget 2021 is one that is reflective of the need for mitigatory measures to manage the continued impact of the Covid-19 pandemic.
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.
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.
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.
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.
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.
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