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KUALA LUMPUR:The Malaysian Institute of Estate Agents (MIEA) has urged the government and stakeholders to weigh the importance of the secondary residential property market by reviewing incentives, offered during the six-month national Home Ownership Campaign 2019 (HOC), to be extended to first-time home buyers looking to purchase from the secondary market.
THE Penang property market is expected to remain flat yet resilient this year and could bottom out within the next two years.
PETALING JAYA: The intense competition for affordable housing is expected to continue as home ownership for the B40 group remains the government’s top agenda.
Affordable Homes and Rumahku portal fund launched
PETALING JAYA: The level of unsold property inventory is continuing to worsen despite the fact that developers have been aggressively unwinding their unsold units over the past two years.
It has been an eventful year on all counts for those on the property front, be it buying or selling
PETALING JAYA: Malaysia is entering 2019 with unsold completed residential units rising to 30,115 units as at Sept 30, 2018, an increase of 48.35% from the 20,304 units a year ago.
KUALA LUMPUR: Mah Sing Group Bhd is looking to launch new projects in the Klang Valley area, focusing on affordable homes segment where demand is said to be the strongest, after earnings in the third quarter declined.
PETALING JAYA: Bank Negara is setting up a RM1bil Fund for Affordable Homes to help home buyers from the lower income group nationwide to finance the purchase of their first homes.
PETALING JAYA: Real estate investment trust (REIT) managers are hoping that the Government will waive the 10% withholding tax for resident and non-resident individuals.