indepth

The REAL deal: Total rethink on PR1MA needed

In May this year, Local Government Development (KPKT) Minister Nga Kor Ming assured Malaysians there would be no more PR1MA Corporation Malaysia (PR1MA) sick projects come 2024. This is good news for affected buyers who are still waiting for their dream homes.

READ MORE
indepth

The REAL deal: Is Singapore property tax hike a boon for Malaysia?

Everyone who buys real estate in Singapore is subject to Buyer’s Stamp Duty (BSD). On top of this, for residential properties, depending on certain criteria, buyers are to pay another tax called the Additional Buyer’s Stamp Duty (ABSD). The two taxes are computed based on the purchase price of the property or its market value, whichever is higher.

READ MORE