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Logistics and data centres drive up regional industrial market — JLL

JLL Property Services (M) Sdn Bhd country head YY Lau: However, more efforts can be done to stimulate the real estate market, including in the upcoming Budget 2021. This can be in the forms of setting up a task force or think tanks to tackle specific industry challenges, such as high vacancy rates and the supply-and-demand mismatch, assistance for the employment sector, as well as relevant tax relief.

DONE DEAL: Condominium unit, Residensi Sefina, Mont'Kiara, Kuala Lumpur

Noteworthy:
 Freehold
 Built-up: 1,548 sq ft
 3 bedrooms, 3 bathrooms
 Unfurnished
Low floor
Facilities:  50m lap pool, wading pool, Jacuzzi, cabana, Star Deck, sandy volleyball court
Nearby amenities: Mont’Kiara International School, Publika Shopping Gallery, Solaris Dutamas, Solaris Mont’Kiara, 1 Mont’Kiara, Plaza Damas
Accessible via: North-South Expressway, Penchala Link and Kerinchi Link

When: August 2020

Budget 2021: Waive RPGT on all properties below RM10m — PEPS

In its Budget 2021 wishlist, PEPS said the waiver should only be applicable for individual citizens, permanent residents and companies, and not non-citizen buyers, who are currently charged 30% on properties disposed of from the first to fifth year, and 10% thereafter.

There is such a thing as 'vacancy allowance'?

DBKL: There are many premises, both residential and commercial, that have not been rented out for a long time. In accordance with existing acts, DBKL would like to inform (the public) that there is an incentive that can be used, called the ‘vacancy allowance’.