NEWS

Malaysian property sales seen declining after GST

Posted by on Jan 19, 2015 in News | Comments Off on Malaysian property sales seen declining after GST

Malaysian Property Sales Seen Declining After GST PETALING JAYA: Property transactions are expected to decline by about 10%, with house prices remaining flattish or rising slightly by 3% to 5% upon the implementation of the goods and services tax (GST) on building materials, research house JF Apex Research said. The imposition of the 6% GST will start on April 1 this year. It anticipates the property market to moderate across the board, especially in the Klang Valley, Penang and Johor for all types of residential property, due to the...

read more

Kuching Wedding & Property Fair 2014 from March 21 to 23

Posted by on Mar 16, 2014 in News | Comments Off on Kuching Wedding & Property Fair 2014 from March 21 to 23

KUCHING: Exciting prizes await visitors to the three-day ‘Wedding & Property Fair 2014’ to be organised by Absolute Cool Event from March 21 to 23. The organisers in a press release said the fair aims to bring under one roof services such as professional wedding photography, wedding planning and purchase of new house. Visiting the fair will enable visitors, especially those planning to get married, to settle such issues. They can also participate in activities such as dancing challenge competition, bridal show, talent competition,...

read more

Malaysia Property Price Gains Slowing Down, Say Industry Experts

Posted by on Feb 25, 2014 in News | Comments Off on Malaysia Property Price Gains Slowing Down, Say Industry Experts

Malaysia Property Price Gains Slowing Down, Say Industry Experts KUALA LUMPUR, Feb 19 — Malaysian property prices are beginning to cool as Putrajaya’s moves to curb speculation start to work, according to industry experts . Real estate specialists quoted by the South China Morning Post attributed the recent trend to the hike in property gains tax and other cooling measures announced last year. The government also doubled the price floor for foreigners purchasing property in the country to RM1 million, and banned the continued use of the...

read more

CMS Cement increases price to offset production cost

Posted by on Jan 18, 2014 in News | Comments Off on CMS Cement increases price to offset production cost

KUCHING: Cahya Mata Sarawak Cement Sdn Bhd (CMS Cement), a wholly owned subsidiary of Cahya Mata Sarawak Bhd (CMS), has announced that in view of the increase in demand for construction raw materials spurred by the rapid development of Sarawak, it sees the need to increase the price of cement between five to nine per cent. This is to sustain its business and provide better services to its customers. At a media briefing held here yesterday, CMS group managing director Dato Richard Curtis said: “CMS Cement has always, and still remains...

read more

Sarawak property prices may rise by 5-10%

Posted by on Dec 23, 2013 in News | Comments Off on Sarawak property prices may rise by 5-10%

SIBU – Property prices in Sarawak are expected to go up by five to 10 per cent from next year. Sarawak Housing and Real Estate Development Association (SHEDA) vice-president Datuk Joseph Ting King Sung said this is due to normal factors such as property appreciation and higher construction, material, labour and land costs, rather than pure speculative activities. He said this after announcing the three-day SHEDA Home and Property Roadshow 2013 from December 6 at Wisma Sanyan, here. Ting added that it is fortunate there are no additional...

read more

Mixed outlook for Sarawak’s property market in 2014

Posted by on Dec 23, 2013 in News | Comments Off on Mixed outlook for Sarawak’s property market in 2014

KUCHING: Sarawak Housing and Real Estate Developers’ Association (Sheda) foresees that the state’s property market could see a mixed outlook next year due to several ongoing initiatives waiting for implementation by the government to cool down the property market amid rising property prices. These include the 30 per cent of Real Property Gains Tax (RPGT) for properties disposed within three years, 20 per cent for properties disposed within four years, 15 per cent for properties disposed within five years; as well as the removal of the...

read more

Investors Shift Focus as Malaysia Property Curbs Hurt

Posted by on Dec 15, 2013 in News | Comments Off on Investors Shift Focus as Malaysia Property Curbs Hurt

A raft of measures unveiled recently to cool Malaysia’s booming housing market will likely prompt investors to buy into commercial properties and other assets for better returns in the Southeast Asian country. Housing prices in Malaysia began accelerating in 2010 and rose nearly 12% in 2012, almost double the rate of increase in 2000, according to official data from National Property Information Center, also known as NAPIC. The spike in price was in part fueled by a rush of foreign capital from advanced economies as low interest back home...

read more

Sarawak’s property market expected to see same growth

Posted by on Nov 23, 2013 in News | Comments Off on Sarawak’s property market expected to see same growth

KUCHING: For 2010 to 2020, the state’s property market is expected see similar growth trends with that experienced between 2000 to 2009, says CH Williams Talhar Wong and Yeo Sdn Bhd (WTWY). According to managing director Robert Ting, the market is expected to slow down this year with expected gross domestic product (GDP) growth of four to five per cent, but with parts of Sarawak affected by the Sarawak Corridor of Renewable Energy (SCORE) to be an exception. “Additional demand is also antipated from the increased workforce for SCORE...

read more

Singapore Property Boom Fuels Malaysia Spillover Bubble

Posted by on Nov 21, 2013 in News | Comments Off on Singapore Property Boom Fuels Malaysia Spillover Bubble

Chris Metcalf commutes for 45 minutes to Singapore each day from Iskandar, a region just over the border in Malaysia, to work as a lawyer at Clyde & Co LLP. “It’s too expensive to live in Singapore,” said Metcalf, who moved across the Johor Strait in June after finding he could no longer afford the island-state on a local salary and with four children. “We’re selling a house in the U.K. and when we do we’ll consider buying in Malaysia because it’s definitely better value.” The Ariza Courtyard Terrace, an Eastern and Oriental Bhd....

read more

Nitty gritty of Malaysia property investment

Posted by on Aug 15, 2013 in News | Comments Off on Nitty gritty of Malaysia property investment

“Why are the Chinese buying KL properties?” The headline on the flyer caught my attention. Now that mainland Chinese buyers are running out of easy property investment option closer to home, it makes sense that they would start looking seriously at Malaysia as a place to park their spare cash. Unlike most of the rest of Southeast Asia, the Kuala Lumpur residential market has remained fairly flat for the last several years. It could continue like this, or course, but it is also, like Tokyo, far from the top of a cycle. What can you get? So...

read more

Is Malaysian property sector growth sustainable?

Posted by on Aug 5, 2013 in News | Comments Off on Is Malaysian property sector growth sustainable?

The Malaysian property market is one that has been earmarked for accelerated growth, particularly in Greater Kuala Lumpur and Iskandar Malaysia in Johor. However, during periods of increased activity, questions arise as to how sustainable growth really is. According to one expert, when it comes to Malaysia, investors should have no fear. Kenny Tan, ERA Realty Network Pte Ltd group division director and a practising real estate agent, told SunBiz that the property market still has room for “much growth”. “The market here is...

read more

Bright future for the property industry

Posted by on Jun 17, 2013 in News | Comments Off on Bright future for the property industry

KUALA LUMPUR: Malaysia’s housing and property sector is safe from a property bubble with the future looking bright for the industry, said Ken Holdings Bhd group MD Tan Chek Siong. He cited the robust demand and the existing supply as the main reasons for the company’s trust in the future growth of the industry as a whole. “I do not foresee a property bubble in Malaysia as long as there is continued demand and the location of the property is good,” he told The Malaysian Reserve after the launch of the company’s Ken Rimba Jimbaran Residences on...

read more

Facebook

Get the Facebook Likebox Slider Pro for WordPress