An inheritance tax will only be a burden to the family’s heirs, and particularly stifling to lower income or middle-class children of well-to-do parents who would have to bear the possibly excessive tax they are suddenly ladened with due to the property they inherited.
Noteworthy:
When: March 2024
A comprehensive and progressive approach to urban planning will be the cornerstone of the National Planning Congress (NPC) 2024, as stakeholders gather to discuss innovative solutions for Malaysia's rapidly growing cities.
Transport Minister Anthony Loke has dismissed claims that the government is planning to introduce inheritance tax in Budget 2025 scheduled to be tabled on Friday (Oct 18).
Sunway REIT Management Sdn Bhd, the manager of Sunway Real Estate Investment Trust, announced on Oct 9 that Sunway REIT has completed the acquisition of 163 Retail Park for a purchase consideration of RM215 million and rebranded the mall as Sunway 163 Mall.
Noteworthy:
When: June 2024
SkyWorld Development Bhd today announced that its wholly-owned subsidiary, Aspirasi Cekap Sdn Bhd (ACSB), has entered into a joint development agreement (JDA) with PR1MA Corp Malaysia to build PR1MA Homes on a 1.97-acre leasehold land in Brickfields, Kuala Lumpur.
Under the agreement, which was signed in Shrewsbury, the UK on Sept 27, CCIL grants Sunsuria Educational International the exclusive rights to establish and operate new British international schools in Malaysia, Singapore, Taiwan, Hong Kong, Japan, Republic of Korea, India and other regions in Southeast and South Asia.
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Ideal Property Group has launched the next phase of its industrial project Ideal Business Hub, which has a gross development value of RM260 million Penang Technology Park, Bertam, Penang.
Noteworthy:
When: April 2024
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