Looking to buy your first home? The following steps will be a good guide on what you need to do: Step 1: Determine Your Budget and Location When deciding on the location, you may want to consider distance to work place or schools and other amenities in the area. Select a residential area that is …
KUALA LUMPUR (March 3): Despite economic headwinds, both Malaysian banks and property developers are resilient to possible shifts in sentiment and falling property prices, according to Moody‘s Investors Service. In a statement Tuesday, a Moody’s senior vice president Stephen Schwartz said that after several years of rapid gains in residential property prices, macroeconomic conditions in …
Malaysia’s property sector risks manageable for banks and developers Read More »
Almost 20 years ago, the property market in Malaysia was hit hard by the Asian financial crisis. House prices contracted between 8 to 9.5 per cent. The government’s stringent policies helped the market to recover. From 2006 onwards, the residential market experienced exponential growth. The property market started weakening from 2009 when the base lending …
KUALA LUMPUR:- Malaysian banks and property developers are resilient to possible shifts in sentiment and falling property prices, says Moody’s Investors Service. In a statement here today, Moody’s said the banks were well-positioned to weather a soft landing in property prices, while developers focussing on residential projects in Johor, Kuala Lumpur, Selangor and Penang, would …
Malaysian banks, property developers resilient, says Moody’s Read More »
KUALA LUMPUR: The average office market vacancy rate in Kuala Lumpur was at 12.8% in the fourth quarter of 2014 (4Q14), a decrease from 15.6% year-on-year (y-o-y) due to higher domestic demand, according to Jones Lang Lasalle Property Services Malaysia Sdn Bhd’s (JLL Malaysia) property market monitor for January 2015. “[As for the office] rental …
KL office market vacancy rate drops due to higher domestic demand Read More »
KUALA LUMPUR (Feb 26): Maintenance fees for all types of stratified residential properties will now be exempted from the goods and services tax (GST), Deputy Finance Minister Datuk Ahmad Maslan said. He added that this was a shift in the government’s policy on the consumption tax which residents of low and low-medium cost apartments had …
No GST on maintenance fees for all high-rise units Read More »
