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SHAH ALAM: Developers who sell more than four units of houses to a buyer in a single project are now required to register the buyer with the Urban Wellbeing, Housing and Local Government Ministry.
THERE are many ways to stabilise the residential property market and the latest measure by the Government to curb bulk buying is a step in the right direction to ensure a more equitable market that is led by real demand.
KUALA LUMPUR: RHB Research is maintaining its Neutral recommendation on the Malaysian property sector on news the government is mulling to impose a new policy to curb property bulk buying and stop the Property Investors Club (PIC) concept.
PROPERTY consultants and analysts described the proposed new real property gains tax (RPGT) regime and the removal of the developers interest bearing scheme (DIBS) as both timely and much needed in view of the speculation in the property market of late.
AN author and property seminar speaker who declined to be named says property investment clubs thrive in a rising property market. They have been rather quiet this year compared to the flurry of activities the last two to three years because developer’s cost is going up, which results in prices going up too, but not as steeply as before.