Property News


RPGT should be zeroized till the end of the year

The Real Property Gains Tax (RPGT) should be zeroized (as it was in 2007) till the end of the year to help boost the already soft real estate market in the country, said the Malaysian Institute of Estate Agents (MIEA). This will help reduce losses of property sellers who are ... Read More

Property purchase made easy with Mah Sing’s Home Ownership Program

Do not be despair during this Movement Control Order period as Mah Sing has put up a team to support all your enquiries via phone call. If you are scouting for a rewarding way to own a desire home, Mah Sing has the answer for you! Call 04-2913128 now! Check ... Read More

Real estate market hit hard by Covid-19

The coronavirus, or Covid-19, has brought the whole world to a standstill, and the property market is no exception with mounting pressure on the supply and demand. Knight Frank Malaysia is expecting lower activity in leasing and investment in commercial office. The firm's executive director of corporate services Teh Young ... Read More

Penang shuts down Sri Aman market for disobeying MCO

The Penang Island City Council (MBPP) has temporarily closed the market in the Sri Aman Complex in Relau for three days, beginning from today. It is the first market in the state to be shut down by the authorities since the movement control order (MCO) was enforced on March 18 ... Read More

No jogging even within gated housing communities

Defence Minister Datuk Seri Ismail Sabri reminded the public today that the movement control order (MCO) applies even within gated vicinities, the Malay Mail reported today. The warning followed allegations that many residents in gated communities were found outside their homes, with some said to be jogging in large groups ... Read More

360 Aerial View: Tanjung Pinang

Surrounding Development MORE DEVELOPMENT ... Read More

‘Unfit’ property developers will fall

With the Movement Control Order (MCO) in Malaysia extended for another two weeks to April 14, 2020 to curb the spread of the COVID-19 outbreak, property sales galleries will remain closed and construction works halted until then. Property developers may have a slight buffer from unbilled sales to cushion the ... Read More

6-month loan repayment moratorium: No need to apply, interest will be accrued

BNM has issued a FAQ on the six-month loan repayment moratorium, which clarified that borrowers need not apply as the process is automatic. The central bank also clarified that the interest will continue to accrue during the deferment period. This could result in higher subsequent instalment amount or an extension ... Read More

Automatic six-month moratorium on all bank loans

Automatic moratorium on loan repayments will be granted to small and medium enterprises (SMEs) and individuals — an additional measure taken by Bank Negara Malaysia to relieve the burden on businesses and households that are expected to be affected by the COVID-19 outbreak. The central bank has written to the ... Read More
Please include property management as essential service

Please include property management as essential service

Malaysia's Movement Control Order (MCO) currently taking place to curb the spread of the COVID-19 virus outbreak in the country must include property management in its list of essential services. "This is a major issue. Property management is not considered an essential service although it ensures all services such as ... Read More