As proposed, with effect from Jan 1, 2014, the RPGT rates have been increased from the previous rates of 0% to 15% to the new rates of 0% to 30%, which are summarised as shown in Table 1. The new rates should not significantly affect long-term investors. Although many may ... Read More

The RM3.3bil Infor-mation Technology Outsourcing and Business Process Outsourcing (IT-BPO) Hub in Penang will generate some 30,000 high-paying jobs when the project is fully developed in 10 years. Chief Minister Lim Guan Eng said in the first five years, about 21,000 high-paying jobs would be created. “The fastest-growing sector in ... Read More

THOUSANDS converged on Batu Maung town on Penang island to witness a historical moment — the opening of the iconic second Penang bridge. The crowd cheered as Prime Minister Datuk Seri Najib Tun Razak announced the bridge had been named Sultan Abdul Halim Mu’adzam Shah Bridge. Fireworks lit up the ... Read More

TOLL rates of the new RM4.5 billion Second Penang Bridge will be  below RM10, said concessionaire Jambatan Kedua Sdn Bhd (JKSB). Its managing director, Datuk Dr Ismail Mohamed Taib, said the rates would be decided by the finance ministry. "They will be between RM7 and RM10." Ismail said the rates ... Read More

Property transactions dropped in the first nine months of last year, said the Valuation and Property Services Department, confirming observations by real estate professionals that the market is slowing down. Although the number of transactions was lower, there was an upward trajectory in value, an indication of rising prices. The ... Read More

The Government has implemented a measure to control bulk sales of property to try and curb the proliferation of “property clubs” that have been walking away with handsome profits, especially in the Klang Valley. Minister of Urban Wellbeing, Hou­sing and Local Government Datuk Abdul Rahman Dahlan said developers selling more ... Read More

PR1MA homes come in various types and sizes within an integrated community; sensibly designed to suit different household needs. Priced between RM100,000 to RM400,000, you can now own a home that is well within your reach. Earmarked for development in key strategic urban areas nationwide, PR1MA is open to all ... Read More

THE 1Malaysia People’s Housing (PR1MA) projects will be developed in Penang soon. State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said he had met Perbadanan PR1MA Malaysia chairman Datuk Seri Jamaluddin Jarjis to discuss the projects. “Jamaluddin was in Penang on Saturday and he called up to ... Read More

* Article by FREEMEN * It's the year 2014 and the year of the horse. If you are like most of us, we were greeted with mostly bad news at the start of the year. Daily necessities are costing us more - groceries, toll hike, hawker food, and all types ... Read More

THE expected opening of the Second Penang Bridge in the first quarter of this year is creating a buzz in the property sector, with the potential entry of new players and growing interest in areas close to Batu Kawan and Batu Maung, which are the landing points for the bridge on ... Read More