Rehda wants banks to finance secondhand houses

Posted on | July 11, 2014

By THE STAR KUALA LUMPUR: Real Estate and Housing Developers' Association of Malaysia (Rehda) wants banks to look into financing the secondhand houses and renovation costs. Rehda patron, Datuk Ng Seing Liong, said there were many secondhand houses that were actually more affordable compared to the new houses within the same area. "Furthermore, for the secondhand houses, we ...




GST to help lower property project costs

Posted on | July 11, 2014

By BERNAMA KUALA LUMPUR: The Goods and Services Tax (GST) to be implemented on April 1, 2015 will make Malaysia's property industry more competitive and lower project costs. This might indirectly reduce property prices. Royal Malaysian Customs Department Deputy Director GST Division Tan Sim Kiat said the GST, to replace the existing sales and service tax (SST), will ...




Rehda: Make housing properties below RM400,000 a zero-rated supply

Posted on | July 11, 2014

By BERNAMA KUALA LUMPUR: The government is encouraged to apply the zero-rated supply of Goods and Services Tax (GST) relief order on all affordable housing properties priced below RM400,000. Its patron, Datuk Ng Seing Liong, said as residential property was currently considered an exempt-rated supply, the developers would be unabled to claim full input tax credits. "It is ...




New guideline on relief for property industry under GST

Posted on | July 11, 2014

By BERNAMA KUALA LUMPUR: The government will issue a new guideline on relief for the property industry under the Goods and Services Tax (GST) after taking into consideration requests from the Real Estate and Housing Developers Association (Rehda) and the public. The deputy director of the Royal Malaysian Customs Department from the GST division, Tan Sim Kiat, ...




Johor government denies PTP land takeover

Posted on | July 11, 2014

By BUSINESS TIMES JOHOR BARU: The Johor state government has denied any takeover of land owned by the Port of Tanjung Pelepas (PTP) for the Forest City project as stated by a online news portal. Menteri Besar Datuk Seri Mohamed Khaled Nordin said the allegation was totally untrue as he was unaware of any moves by the ...




S2 Heights Seremban 2 | Summerset and Sophia Semi-D and Link homes

Posted on | July 10, 2014

Seremban 2, S2 Heights, IJM Land

Move higher. Dream further. Live better. The world is at your feet, at S2 heights. Enjoy quality life, environment and time with family, high above the rest. You have a 30-acre park as neighbour, and also the vibrant Seremban 2 township. Summerset double storey semi-d homes with land area of 40' x 80' and built-up of ...




Sierra 16 3-Storey Superlink with Unique Gardens

Posted on | July 10, 2014

Sierra 16, Superlink, IOI Properties, Puchong South

Lifestyle superlink with unique lush gardens. Lush streetscape with Sculpture walk. Semi-dee facade treatment. Lot sizes from 27' x 73'. Built-up from 3,526 sq ft. Rgeister now at 03-8944 9999. Located in Puchong South. Developed by IOI Properties. - Sierra 16, Superlink, IOI Properties, Puchong South




Lakeville | Singapore City Living by the Lake

Posted on | July 10, 2014

Lakeville, Singapore, Jurong

Reside in Singapore's new CBD of the West. Located within the 360ha Jurong Lake District, slated to be the new CBD of the West and Singapore's largest regional centre, enjoy the experience of transformation and get ready to grasp all the new opportunities here. Jurong has been named as a possible location for the terminal of ...




Duty waiver to foreign developers deemed negative

Posted on | July 10, 2014

By THE STAR PETALING JAYA: Foreign developers in Johor should be taxed on the import of construction materials rather than be granted duty exemption, says an accountant. Extensive and direct importing of construction material from foreign suppliers for property development in the southern state has stunted growth in the local economy, Moore Stephen Malaysia managing partner Bala ...




RHB Research positive on Titijaya prospects

Posted on | July 10, 2014

By THE STAR RHB Research Institute said Titijaya Land continued to thrive after its listing in November. It said the property developer’s earnings were expected to be underpinned by its pipeline launches of about RM6.7bil in hotspots such as Shah Alam, KL Sentral and Penang. Its higher-than-average gross margins of about 35%-40% versus the industry average of 20%-30% ...




Jones Lang LaSalle: Chinese property ‘invasion’ will ease

Posted on | July 9, 2014

By THE STAR KUALA LUMPUR: The interest and intensity of Chinese developers diversifying and flooding into cities around the world is temporary and will ease off over the longer term, according to Christopher Fossick, Jones Lang LaSalle (JLL) managing director for Singapore and South-East Asia. “We will see the Chinese as global investors but not with the ...




Worries over luxury condos, number of upcoming units ‘frightening’

Posted on | July 9, 2014

By BUSINESS TIMES PETALING JAYA: An oversupply of new luxury condominiums in the Klang Valley this year is expected to create pressure on rentals and even result in a “price war” on new and existing units. Property consultant CH Williams Talhar & Wong Sdn Bhd (WTW) managing director Foo Gee Jen said the number of new units ...




Malton unit yes to deferred payment

Posted on | July 9, 2014

By BUSINESS TIMES KUALA LUMPUR: Malton Bhd said yesterday its wholly-owned subsidiary Layar Raya Sdn Bhd, which had disposed of two pieces of freehold land in Cheras, Kuala Lumpur, to Fame Action Sdn Bhd for RM35.6 million, has agreed with the buyer to extend the period of the balance payment of RM32 million to September 9. ...




Ten reasons why you should invest in Iskandar

Posted on | July 8, 2014

By THE STAR KUALA LUMPUR: Iskandar Malaysia, officially launched in 2006, covers an area of 2,217 sq km (roughly three times the size of Singapore). Upon launching its total population was 1,350,000 habitants, of which total work force was 610,000 heads. Khazanah Nasional has drawn a 25-year Comprehensive Development Plan (CDP, available on line at the IRDA ...




RHB Research Overweight on property sector

Posted on | July 8, 2014

By THE STAR KUALA LUMPUR: RHB Research is maintaining its Overweight rating on the property sector and its top picks are Sunway, Tambun Indah and Matrix Concepts. It said on Tuesday concerns over an interest rate hike should have largely been priced in. “We expect a stronger GDP growth in 2014 and the front-loading of big-ticket items to ...