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KULAI: Johor is considering enacting a tax on unsold property as a means to reduce property overhang.State Housing, Communication and Multimedia Committee chairman Dzulkefly Ahmad said the state had yet to make a final decision as it required feedback from all stakeholders, especially developers.
KUALA LUMPUR: The overall performance of the property sector in Malaysia is deemed to have improved slightly in terms of transactions following the government’s initiatives to enable more Malaysians to buy their first house.
KUALA LUMPUR: CGS-CIMB Equities Research believes the property sector’s upside is capped by affordability issues, slower gross domestic product (GDP) growth and weaker new property sales.
THE rise in cost of living has led to a significant erosion of take-home income and is becoming an increasing cause for concern. This has resulted in more Malaysian youths and job entrants being unable to afford to purchase homes in urban and sub-urban areas.
JOHN is interested to buy a RM1.2mil property. Together with rebates and all, the real value of the house is RM1mil and John is aware of that.
The Budget 2020 announcement that the threshold for foreign ownership of high rise property would be lowered from RM1mil to RM600,000 caught many by surprise. How much unsold property is out there anyway? Find out here.
PETALING JAYA: Selangor Dredging Berhad (SDB) hopes that the government will introduce policies and incentives to further revive the local property sector, especially for first-time home buyers
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.
FROM SALEH MOHAMMED , Kuala Lumpur
KAJANG: The government continues to consider schemes and initiatives to be implemented in the upcoming Budget 2020 to address the mismatch in the housing supply and demand.