News by CHIN WAI LUN

Currently most of the cloud kitchen operators are in the Klang Valley, consultant seeing the operators are planning to expand into other cities like Johor Bahru and Penang.

The unidentified buyer also bought an adjacent apartment for HK$561 million. 

Both projects have a combined gross development value (GDV) of RM239 million.

This arrangement will mark NCT Alliance's first direct appointment for a rehabilitation project.

The developer also welcomed the extension of personal income tax relief of up to RM1,000 for domestic tourism expenses up to the year of assessment 2022 to encourage tourism within Malaysia.
 

Another property sector-related measure deemed positive is an allocation of RM1.5 billion for housing projects for the lower-income group.

Group managing director Foo Gee Jen: The government should probably at least provide a stamp duty waiver for the first RM300,000 of the housing price, for example. This will help ease the burden of those in the B40 and M40 income groups

KGV International Property Consultants (Johor) Sdn Bhd executive director Samuel Tan: Apart from the abolishment of the RPGT for properties held from the sixth year onwards, there was hardly any good news for the property market

The debt-ridden companyalso announced on Friday plans to prioritise its electric vehicles business over real estate.

OSK Property CEO Ong Ghee Bin: We want to be known as a developer that markets to the young and first-time homebuyers