Deputy minister says 92 problematic private housing projects with RM5b GDV successfully restored in 1Q2023
Akmal said 80 out of the 92 projects had received the Certificate of Completion and Compliance (CCC).
Editor's Pick
Apex court dismisses appeal by Taman Bangsar resident over nuisance claim
“The bench declines to answer the questions, and we unanimously dismiss the appeal,” Tengku Maimun said.
Housing market steady despite increase in OPR, says Juwai IQI
Global real estate technology group Juwai IQI believes that the housing market will remain robust with moderate price increases and demand continuing to grow, despite the rise in the overnight policy rate (OPR) by Bank Negara Malaysia (BNM) recently.
The REAL deal: Is Singapore property tax hike a boon for Malaysia?
Everyone who buys real estate in Singapore is subject to Buyer’s Stamp Duty (BSD). On top of this, for residential properties, depending on certain criteria, buyers are to pay another tax called the Additional Buyer’s Stamp Duty (ABSD). The two taxes are computed based on the purchase price of the property or its market value, whichever is higher.
Auditors raise doubts over Eversendai’s ability to continue as a going concern
Eversendai Corp Bhd said its independent auditors have raised concerns about the loss-making construction firm’s ability to operate as a going concern in its audited financial statements for the year ended Dec 31, 2022 (FY2022).
Winners and losers of Bank Negara’s latest OPR rate hike to 3%
The banking sector emerged a winner, while the property and real estate investment trust (REIT) sectors were the unfortunate recipients of Bank Negara Malaysia’s (BNM) surprise move to increase the overnight policy rate (OPR) by 25 basis points (bps) to 3% on May 3, 2023.
OPR to remain on hold at 3% for the rest of 2023, Fitch Solutions says
Fitch Solutions sees Bank Negara Malaysia (BNM) at the end of its hiking cycle, leaving the overnight policy rate (OPR) on hold at 3% for the rest of 2023.
Shifting MM2H back to Motac will ease process, increase govt revenue, say associations
Associations have called on the government to revert Malaysia My Second Home (MM2H) initiative to the Tourism, Arts and Culture Ministry (Motac) to resolve the various issues surrounding the programme.
CGS-CIMB sees another hike in 2H2023, bringing the OPR to 3.25%
While most economists see no further overnight policy rate (OPR) hikes by Bank Negara Malaysia for the remaining three monetary policy meetings in 2023, CGS-CIMB Research sees the possibility of another increase in the second half of this year.
DONE DEAL: Semidee, Ampang, Selangor
Noteworthy:
- Leasehold
- Built-up size: 6,500 sq ft
- Land size: 4,080 sq ft
- 6 bedrooms, 6 bathrooms
- Unfurnished
- Nearby amenities : PLaza Low Yat, Ampang Point Shopping Mall, hospitals, international schools, convenience stores, F&B outlets
- Accessibility: EKVE highway, SPE highway, Federal highway
When: January 2023
