The government is levying higher ABSD (Additional Buyers' Stamp Duty) rates, in a bid to cool the property market that remains firm even with a dimmer economic outlook. “The revisions to the ABSD rates to help moderate investment demand will complement our efforts to ramp up supply, to alleviate the tight housing market for both owner-occupation and rental,” says the Ministry of Finance, Ministry...
Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah on Monday (March 6) witnessed the signing ceremony of the memoranda of understanding (MOU) regarding cooperation to improve the efficiency of environmental management and sustainability in Cameron Highlands. The memoranda were inked between Cameron Highlands District and Land Office and Cameron Highlands Development...
KSK Land Sdn Bhd has terminated its contract with Grand Dynamic Builders Sdn Bhd (GDBSB), a wholly owned subsidiary of GDB Holdings Bhd, as the main contractor of mixed development 8 Conlay at Jalan Conlay, Kuala Lumpur. Following the termination, KSK Land has been in discussion with a new potential main contractor to replace GDBSB. Conlay Construction Sdn Bhd has formally submitted...
Inflation and a higher cost of doing business are likely to push property prices up by double-digit this year, Rehda president Datuk NK Tong (pictured) has cautioned. "On average it will be a double-digit (increase in property prices)," he said, but noted that in the past six months the anticipated price increase has not materialised. "I think this is also reflected in the moderation of (prices of)...
Accor, the region's largest hospitality group, is allying with Crowne Estate Malaysia to increase its presence in the country. Set to open in Q3 2028, Swissôtel Genting Highlands will bring the iconic Swissôtel Hotels & Resorts brand to Malaysia for the first time. The signing ceremony was attended by Sean Chen, Chief Operating Officer of Crowne Estate, Thanesh Jayandren, Executive...
For instance, you will enjoy capital appreciation as your property value increases with time, allowing you to earn profit down the road when you decide to sell it.You can also opt to put it up for short-term rental, which will enable you to pay off your loan, on top of earning some profit as well.In determining whether a property is worth investing, location often comes to mind, as it's what guests of...
MCT Bhd has acquired a 3.9-acre plot of freehold land in Taman Desa here for RM64.65 million to undertake a condominium project with an estimated gross development value of RM500 million. The acquisition of the freehold land from Sisi Tasik Sdn Bhd is the group's second land buy in Kuala Lumpur following the purchase of another parcel of land in Seputeh that was announced on Feb 20, the...
By now, foreigners interested in moving to Malaysia via the country’s visa programmes will most probably be a bit overwhelmed by the myriad “choices” available. There are currently three schemes going on, and one in the pipeline — having its policies approved “in principle”. The three ongoing programmes are the national Malaysia My Second Home (MM2H) scheme and the Premium...
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