Noteworthy:
When: February 2023
There was a further recovery of property demand, ESG and M&A activities observed in 1Q2023, which served as the key driver in the KL office market.
Rafizi said the government is also committed to introducing “more RE programmes based on a willing buyer, willing seller basis” to induce private-sector participation.
Akmal said 80 out of the 92 projects had received the Certificate of Completion and Compliance (CCC).
“The bench declines to answer the questions, and we unanimously dismiss the appeal,” Tengku Maimun said.
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.
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.
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).
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.
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.
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