Petaling Jaya: Bank Negara Malaysia had consulted property developers, seeking their inputs on increasing the real property gains tax (RPGT) to curb speculation, people familiar with the matter said yesterday. Such a move, if announced in the upcoming Budget 2012, will be the second time the central bank will have ... Read More

PETALING JAYA: Property stocks face pressure in the coming months with foreign shareholders expected to pare down their stakes on concerns over the weakening ringgit and less bullish housing sales next year due owing to an anticipated global economic slowdown. RHB Research has downgraded the property sector to “underweight” from ... Read More

The Curve, condo by the bridge. Located just next to The View Condominium with unobstructed view of the sea and the Penang bridge. This residential scheme comprises two 31-storey condominium blocks with a total of 296 units. * THIS PROJECT HAS ALREADY BEEN CANCELLED * Project Name : The Curve Condominium ... Read More

KUALA LUMPUR: Property developers will be forced to raise prices of residential properties by as much as 20 per cent due to rising cost of building materials The Real Estate and Housing Developers' Association Malaysia (Rehda), however, does not think this will lead to a property glut. "In Malaysia, there are ... Read More

KUALA LUMPUR: More Malaysian developers are expected to invest abroad to diversify their source of earnings and avoid tough industry rules at home. "Increasing affluence would accelerate these outward investments," The Real Estate and Housing Developers' Association Malaysia (Rehda) president Datuk Seri Michael Yam Kong Choy said after Rehda's first ... Read More

SA65 signifies the 65 acres utilised in the development of this residential enclave within Simpang Ampat which is oriented towards the experience of ideal home living. The specially designed features of SA65 fulfills the true needs of every home. The emphasis is on what contributes towards making a residence what ... Read More

GEORGE TOWN: Prospective home owners and investors made a beeline for SP Setia Bhd Group's 'Setia 4U Showcase' featuring a vast range of its impressive developments at the Gurney Plaza here. It comprised both existing and upcoming projects in the northern, central and southern regions of the country, as well ... Read More

THE state government may reject applications by housing developers to pay premium in the event they could not build low medium-cost (LMC) and low-cost (LC) units. State Town and Country Planning, Housing and Arts Committee chairman Wong Hon Wai said the state might reject such applications if they were to ... Read More

GEORGE TOWN: A PKR assemblyman, alleging fraud in the allotment of low-medium cost units, wants assemblymen from Pakatan Rakyat to be involved in the selection process. Kebun Bunga assemblyman Jason Ong Khan Lee said this was because those who were not entitled were given approval by the State Housing Unit ... Read More

Bandar Raya Developments Bhd has residential property developments worth about RM6bil in recognisable gross development value (GDV) over the next three to five years, according to the group’s chief executive officer Datuk Jagan Sabapathy. The group is aiming to deliver property developments worth RM1bil in GDV every year, starting from ... Read More