News by EdgeProp

The Selangor government’s housing policy will not succeed in controlling the price of homes in the state, said Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar…

The freehold development by the Lembaga Tabung Haji subsidiary is located on a 6.97-acre site and is set for completion in September next year. It has a gross development value of RM54.25 million.

MIC Youth Chief C Sivarraajh today said in a statement that he was shocked by the insensitivity of the PR1MA housing board to organise its draw on Deepavali.

Minister in the Prime Minister's Department Datuk Seri Shahidan Kassim said another 25 units were still under construction and would be handed over to flood victims in stages by month's end.

HBA is glad that the government has continued to heed the association’s call to ban DIBS.

Mah Sing Bhd believes the stamp duty increment for homes worth more than RM1 million will encourage advance buying of completed properties prior to Jan 1, 2018 when the hike takes effect.

While the government’s efforts in encouraging home ownership are lauded, real estate consultants feel more can be done to help the people fulfil their dream of owning homes.

“This is very punitive for those purchasing non-residential properties worth more than RM1 million because they have to bear the brunt of the 6% GST too.”

Budget 2017 that was announced today did not provide measures to shore up the property market or to help the bulk of potential homebuyers to own homes.

PR1MA chief executive officer Datuk Abdul Mutalib Alias said with the new end financing scheme, more than 74% or 980,000 PR1MA registrants would have increased accessibility to house loans.