First-time house buyers will continue to enjoy a 100 per cent stamp duty exemption for purchases not exceeding RM500,000 via the Malaysian Home Ownership Initiative (i-Miliki) as provided for under Budget 2023, said the Finance Ministry (MoF). It said a 75 per cent stamp duty exemption will also be given for first-time home ownership for houses priced at between RM500,000 and RM1 million under the...
Real Estate and Housing Developers’ Association (Rehda) Malaysia is encouraged that the “new Unity government is taking a pragmatic approach” to review the conditions for the Malaysia My Second Home MM2H scheme which had been made stricter in 2021. The previously set conditions have had damaging impact on the MM2H programme where Malaysia was not only losing to our neighbouring countries but also...
Affordable homeownership is one of the dreams or wishes expressed by youths during a Budget 2023 dialogue session held recently. Deputy Finance Minister I Datuk Seri Ahmad Maslan also said they had expressed their hope for more job opportunities to ensure a sustainable livelihood. “Last week, for example, the youths expressed their wish for more affordable housing, more job opportunities,...
The existing National Housing Policy will be reviewed based on the Madani framework, to align with the vision to create a prosperous nation and balance for all Malaysians, according to the Local Government Development Ministry. In a statement issued here on Monday (Jan 23), the ministry said that through the new housing policy and more organised planning, as well as with the cooperation of all housing...
The recent Malaysia Developers Awards (MDA) can help serve as an indication as to which company to approach when seeking to buy a property as they have proven to be financially strong and have the capacity to build quality homes. But adding to that list, here are several more reputable developers to consider. There is no shortage of candidates as every developer is ramping up their activities and...
The new unity government is expected to outline clear and consistent policies to strengthen the Malaysian market, which will be impacted because of global macroeconomic headwinds. According to Knight Frank Malaysia (KFM) group managing director Sarkunan Subramaniam, Malaysia needs to bring back investors’ trust and faith in order to see recovery across all sectors. “The global macroeconomic...
KUALA LUMPUR (Nov 9): It may be one of the largest home-grown real estate agencies in Malaysia and Singapore, but rather than striving to merely be number one, PropNex Realty Sdn Bhd aspires to build a legacy in the real estate business. According to PropNex Malaysia CEO Marcus Teng, the company aims to nurture an organisation with agents who see the real estate business as a long-term career and not...
Property developers in West Malaysia reported a 26% decline in unit launches and a 5% sales drop in the first half of 2022 (1H2022) from the second half of last year (2H2021), according to Real Estate and Housing Developers’ Association (Rehda) Malaysia. Rehda’s survey of 150 respondents released on Wednesday (Oct 12) found that 7,843 units were launched in 1H2022, of which 45% or 3,549 units were...
Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz has tabled Budget 2023 on Friday, Oct 7. This year’s theme is “Strengthening Recovery and Facilitating Reforms towards Sustainability of Economic Resilience and Wellbeing of Keluarga Malaysia”. What’s in it for homeowners and property buyers? Let’s take a look at what changed or improved from 2022 versus Budget...
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