News by EdgeProp

Property owners who are looking for buyers on the secondary market seem to find themselves on the losing end when they compete with developers offering attractive packages for their products.

Next on the people’s wishlist was for clearer and more up-to-date data on housing prices and supply

Notably, over a quarter (25.4%) of those selling their properties had been waiting for a buyer for more than two years now while 23.5% said they had been trying to sell their properties between one to two years.

Income disparity is still an issue where salary increment does not keep up with housing price growth, he adds.

The RPGT which had seen a new schedule of rates take effect at the beginning of this year is hurting property owners by trimming their profit margin.

MCIEA recognises the achievements of top performing developers, contractors, consultants, projects and individuals as well as organisations.

The HOC: Affordable Homes exhibition held at Nu Sentral, KL features 12,438 homes worth a total of RM 2.9 billion. All the homes are priced below RM300,000, targeting buyers in the M40 and B40 categories.

KPKT Secretary-General Datuk Sri Mohammad Mentek: The development started three months ago

“My friend cheekily told me that it’s good feng shui to have a fountain in the toilet.”

“The removal and reduction of the RPGT after the fifth year will indirectly stimulate the property market and encourage more buyers and investors to re-enter the property market and this will also assist to reduce the property overhang…”