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...
The proposal to streamline border control processes at the Malaysia-Singapore border through a single entry point will be presented to Cabinet, before being brought for further deliberation between the leaders of the two countries. Deputy Prime Minister Datuk Seri Fadillah Yusof said the proposal was discussed in a cross-ministerial special committee to address congestion issues at the Johor Causeway...
Local Government Development Minister Nga Kor Ming found himself and his ministry under attack for wanting to learn from the highly acclaimed Housing & Development Board (HDB) of Singapore. It is incredible how an attempt to improve the Malaysian public housing model, which is totally outdated and no longer feasible, could be viewed in a negative light. Instead of sticking our heads further into...
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...
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