Penangites will have to pay more in assessment next year. State Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow said the Penang Municipal Council (MPPP) and Seberang Prai Municipal Council (MPSP) would impose an increase of between 0.5% and 4.45% based on the type of properties ... Read More

by Charles Tan Which is the most unaffordable property market in the world today? Hong Kong. Who said so? US-based Demographia based on their survey. According to them, Hong Kong’s median hoe price was more than $S4.02 million compared to the median income which was only HK$270,000. Few weeks ago, ... Read More

Prospective buyers of 1Malaysia People’s Housing (PR1MA) homes can expect guaranteed financing to buy them. The scheme will enable buyers, who were successful in the balloting, the option to get their own financing or choose from PR1MA panel bankers, said PR1MA Corp Malaysia chief financial officer Hasleen Isnin. Prime Minister ... Read More

The property market will not see a downturn in 2015, despite the slowdown over the past three quarters, said Malaysia Institute of Estate Agents (MIEA) president Siva Shanker. He also expects the property market to pick up in 2016 and 2017. Siva was giving a talk at the Annual Malaysian ... Read More

* Article by Richard Oon * While presenting the recent Budget 2014, Prime Minister Datuk Seri Najib Razak announced the introduction of the Goods and Services Tax (GST) and when enacted, GST will be effective from 1 April 2015 and standard rated supplies will be subject to GST at a ... Read More

Today, feng shui has been inaccurately associated with the practice of understanding if a home, property or general area is considered “good”, “bad”, “auspicious” or “inauspicious”. These terms get thrown around so much, people tend to lose logic and rationale in the rush to fulfil certain “feng shui criteria”. To ... Read More

Any increase in house prices upon implementation of the Goods and Services Tax (GST) in April next year is just temporary, as a number of measures are already in place to curtail the rise. Deputy Finance Minister Datuk Ahmad Maslan said among the measures are increasing the real property gains ... Read More

by Ken Lim Housing affordability is a common issue not only in Malaysia, but also in many other countries such as Singapore, Hong Kong, China and Australia. Recently I have also read the latest news about India inviting Malaysian developer to build affordable homes in India. In some developed countries ... Read More

The inaugural Penang International Property Summit and an international property exposition will be held in January next year at the Subterranean Penang International Convention and Exhibition Centre (SPICE) in Relau. The summit themed ‘Managing Future Trends and Challenges’ will be held on Jan 9 and Jan 10, while the property ... Read More

The Urban Wellbeing, Housing and Local Government Ministry has decided that the plan to compel housing developers to adopt the concept of build-then-sell will not be implemented next year. Its minister, Datuk Abdul Rahman Dahlan, said it was to prevent shortage of houses in the market, which will cause a ... Read More