News by M

Located along Persiaran Tropicana in Petaling Jaya, Lumi Tropicana comprises four towers with 744 serviced residences and 62 small office/home office units. The development has a gross development value of RM886 million.

HBA is glad that the government has continued to heed the association’s call to ban DIBS.

Mah Sing Bhd believes the stamp duty increment for homes worth more than RM1 million will encourage advance buying of completed properties prior to Jan 1, 2018 when the hike takes effect.

“As such, MBAM hopes that the policy with regards to the employment of foreign workers can be looked at in a holistic manner, so that aspiration of both the public and the private sector can be satisfied.”

While the government’s efforts in encouraging home ownership are lauded, real estate consultants feel more can be done to help the people fulfil their dream of owning homes.

“This is very punitive for those purchasing non-residential properties worth more than RM1 million because they have to bear the brunt of the 6% GST too.”

Budget 2017 that was announced today did not provide measures to shore up the property market or to help the bulk of potential homebuyers to own homes.

Shawn Ong doesn’t see how Penang homeowners will benefit from Budget 2017, seeing that the state government has already introduced affordable home programmes a few years ago.

PR1MA chief executive officer Datuk Abdul Mutalib Alias said with the new end financing scheme, more than 74% or 980,000 PR1MA registrants would have increased accessibility to house loans.

Among the initiatives are Felda Next Generation Housing Project, Felcra Second Generation Housing Project and Risda Second Generation Housing Project, aimed to help the second generation settlers.