WITH the implementation of the Goods and Services Tax (GST) drawing closer, coupled with the tougher operating environment, property developers are likely to strategise to buffer any negative impact. A senior executive of a listed property group says some developers are looking at the possibility of launching GST schemes for their upcoming commercial projects to …
MALAYSIA continued to attract huge investments to its property sector this year with China-based developers leading the charge, especially into Iskandar Malaysia in Johor. The sector was in the news constantly with land deals worth billions of ringgit being cut by property tycoons and even the Sultan of Johor, some of which were controversial. One …
KUALA LUMPUR: The Malaysian housing affordability has worsened to 3.6 times in 2014, according to Rahim & Co Chartered Surveyors executive chairman Tan Sri Abdul Rahim Abdul Rahman, in presenting the Rahim & Co Research — Property Market Review 2014/2015 yesterday. “Housing affordability worsened to 3.6 times in 2014 compared with 3.4 times in 2009. …
KUALA LUMPUR (Jan 29): House prices in Malaysia are expected to rise about 3% after the goods and services tax (GST) is implemented starting this April. Property consulting firm Rahim & Co executive chairman Tan Sri Abdul Rahim Abdul Rahman said although transactions on residential properties were GST exempted, building materials would be taxed under …
House prices seen 3% higher after GST – property consultant Read More »
KUALA LUMPUR: Some property developers had recently observed that the weaker ringgit could lure foreign investors to Malaysian properties but MKH Bhd ( Financial Dashboard) managing director Tan Sri Eddy Chen does not seem to think so as he opines that Malaysia is just not on their radar. “Foreigners are very savvy investors and to …
Malaysia not on foreign property investors’ radar Read More »
KUALA LUMPUR: While a cut in development spending seems remote for now, a further fall in commodity prices could force the government to consider doing so, especially with a possible credit rating cut looming in the background. “It all depends on commodity prices. If commodity prices fall further and Malaysia takes a proactive stance, the …
