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Budget 2012: Govt Proposes RPGT Rate Review To Curb Speculation
The government today proposed a review of the Real Property Gains Tax (RPTG) to curb speculation. The government has proposed that for properties held and disposed within two years, the RPTG is 10 per cent for both companies and individuals. For properties held and disposed within a period exceeding two ... Read More
Reveal details of Bayan Lepas coastal projects, state government told
GEORGE TOWN: Penangites should not be kept in the dark over talk of land reclamation along the Bayan Lepas coastal area. Pantai Jerejak Barisan Nasional coordinator Wong Mun Hoe urged the state government to “come clean” on its dealings with Boustead Holdings. “The reclamation of 40ha is estimated to be ... Read More
Machang Bubok bridge work suspended
WORK on the construction of a RM2mil bridge over a stream along Jalan Kulim in Kampung Machang Bubok near Bukit Mertajam has been suspended temporarily following objections from shopkeepers there. State Public Works, Utilities and Transportation Committee chairman Lim Hock Seng said the shopkeepers had complained their business had been ... Read More
20 firms to showcase projects at property fair
The public having a closer look at the model of a housing project at The Star Property Fair 2011 in Penang in July. PETALING JAYA: About 20 developers and property-related companies will showcase their projects and management services at The Star Property Fair 2011 from Nov 25-27 at the Kuala Lumpur ... Read More
Govt revenue comes under the spotlight
Prof Datuk Dr Mohamed Ariff, a professor of international economics at the INCEIF (International Centre for Education in Islamic Finance), said revenue has shrunk to 22 per cent of the gross domestic product (GDP) compared with previous years when it stood at 34 per cent. "There was also only a ... Read More
Sunshine Central
Sunshine Central, a re-development of the old Sunshine Farlim site into a new commercial complex with business hotel and serviced residence. The entire project will be over 3.7mil sq ft of gross area, spread over three blocks of 38-storey buildings, comprises 270 units of serviced apartments, 144 units of small ... Read More
Real property gains tax expected to rise
PETALING JAYA: Real property gains tax (RPGT) would probably increase after Budget 2012 but experts are divided over the quantum or the new form the tax on property sales would take. Few are hoping for the rate to be maintained but others felt the RPGT would increase by another 5% ... Read More
Taman BM Indah (BM Garden)
Taman BM Indah (also known as BM Garden) is a new residential development within the established township of Bukit Mertajam, located next to BM Country Club and St. Anne's Church. 2-Storey Terrace Total Units: 17 Indicative Price: RM398,800.00 2 1/2-Storey Terrace Total Units: 16 Indicative Price: RM508,800.00 onwards 2-Storey Semi-D Total ... Read More
No reclamation please
SOME 350 residents living in six condominiums and houses along Persiaran Bayan Indah in Bayan Lepas want the seafront in the Bayan Bay area to be spared of any future land reclamation projects. Bayan Bay Residents’ Action Committee chairperson Sharifah Hamidah said the residents were not against development but were ... Read More
IJM Land to set the bar on digital lifestyle
GEORGE TOWN: IJM Land Bhd is poised to set the bar in Penang and the rest of the country soon on how a fully-networked property development can spur economic growth. The company's flagship development - The Light Waterfront Penang - will offer a digital lifestyle to all its investors, thanks ... Read More
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