Property transactions value in 2022 expected to hit record high
Malaysia’s total property transaction value in 2022 is likely to surpass the highest level ever recorded of RM161 billion back in 2014, driven by recovery in demand.
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Economists see BNM taking a cautious approach this year on interest rates
Following Bank Negara Malaysia's (BNM) decision on Thursday (March 9) to keep the overnight policy rate (OPR) unchanged for the second time this year, some economists say the central bank will continue to adopt a cautious approach on interest rates going forward.
Govt allows EPF members to use savings in Account 2 as collateral for bank loans
Prime Minister Datuk Seri Anwar Ibrahim: I welcome different opinions; I do not agree in principle with a special withdrawal of the people’s retirement savings. [But] I will ensure EPF allows contributors who have money yet facing financial difficulties to borrow from banks by using their EPF savings as collateral or guarantee
Assessment cuts of 5% for strata title units, 20% for terrace houses in Putrajaya
The government has agreed to implement phase two of the assessment tax cut in Putrajaya amounting to 5% for strata title residences (apart from affordable houses) and 20% for terrace houses beginning July 1 this year.
BNM keeps OPR unchanged at 2.75%
Bank Negara Malaysia (BNM) has decided to maintain its overnight policy rate (OPR) at 2.75%, as inflation is expected to moderate in 2023 with upward pressures remaining partly contained by price controls and fuel subsidies.
Anwar wants local authorities to give attention to balanced urban development
All local authorities across the country have been asked to give attention to and address the issues relating to urban or town planning to ensure balance development that meets the needs of city dwellers.
HSR can continue as long as not funded by government, says Loke
Malaysia is open to proposals aimed at reviving the Kuala Lumpur-Singapore High-Speed Rail (HSR) project as long as it is not funded by the government, said Transport Minister Anthony Loke Siew Fook.
DONE DEAL: Shoplot, Johor Bahru, Johor
Noteworthy:
- Freehold
- Built-up size: 4,620 sq ft
- Land size: 1,540 sq ft
- Shoplot
- Three bathrooms
- Unfurnished
- Nearby amenities: Convenience stores, F&B outlets, Midvalley Southkey Mall, Toppen Shopping Centre, AEON Mall Bandar Dato Onn.
- Accessibility: Pasir Gudang highway, Senai-Desaru expressway
When: November 2022
Govt to tackle 10 'sick' PR1MA projects within a year, Dewan Rakyat told
A total of 18 projects under the 1Malaysia Housing Programme (PR1MA) currently being developed nationwide have been identified as "sick" projects.
Real women in real estate
We want to celebrate pioneering women breaking new ground in real estate through technology and innovation, even as they lead in every aspect of the segment, from financing to town planning.
