Budget 2017 a let-down for property players
The already-sluggish market expected to be worse off going forward...
Pesona Metro rises 2.27% on landing RM402 mil construction job
The group expects the project, the Eaton Residences, to contribute positively to its earnings during the duration of the 43-month project commencing Dec 1, 2016.
Lumi Tropicana's Phase One sees 75% take-up rate
Located along Persiaran Tropicana in Petaling Jaya, Lumi Tropicana comprises four towers with 744 serviced residences and 62 small office/home office units. The development has a gross development value of RM886 million.
HBA commends non-relaxation of cooling measures
HBA is glad that the government has continued to heed the association’s call to ban DIBS.
Stamp duty tax hike can boost sales of million ringgit homes before 2018
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.
MBAM: Construction industry needs foreign workers
“As such, MBAM hopes that the policy with regards to the employment of foreign workers can be looked at in a holistic manner, so that aspiration of both the public and the private sector can be satisfied.”
Real estate consultants: More could be done to encourage home ownership
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.
Stamp duty increase will dampen property market further, say real estate consultants
“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.”
