News by Rachel Chew

President Michael Kong said PEPS’ budget wish lists to the government did not materialise except for the proposed waiver of Real Property Gains Tax (RPGT) on homes disposed of in the sixth year onwards

President Datuk Soam Heng Choon: Under the current soft market conditions, we welcome the government’s move for the removal. We hope that this measure will help invigorate our property market to make it more resilient and eventually translate into a positive multiplier effect on the economy.

Datuk Alex Khaw Giet Thye: We have always been known as an affordable landed home builder and we intend to carry on this market position because we believe a roof above the head is essential no matter in good times or bad times.

Scientex Bhd started as a local developer in Johor for more than 10 years. It has then expanded its property footprint to other states in Malaysia since 2016. Today, Scientex has its stamp in the Klang Valley, Melaka, Perak, Penang and Kedah. Focusing largely on affordable landed homes, it has successfully completed 3,900 houses.

MGB group executive vice-chairman Tan Sri Lim Hock San: We are pleased to officially launch our Idaman BSP project in the 4^th quarter of 2021 and support the state government of Selangor’s goal to build 30,000 affordable homes by 2025.

Developed by S P Setia, D’Network was awarded for its energy conservation measures in place for its small scale and self-sufficient F&B outlets that are nestled in greenery. It was also commended for its light effects at the musical fountain and how the lake and park create a focal point for the project. 

Noteworthy:
● Leasehold
● Land size: 2,904 sq ft
● Built-up: 10,273 sq ft
● 4.5-storey corner unit
● Surrounded by Ampang Point Shopping Centre, hospitals, schools and high-rise residential projects

When: May 2021

JLL Property Services (M) Sdn Bhd country head Y Y Lau: Malaysia continues to be one of the favourite locations to construct data centres around the SEA region

President Datuk Soam Heng Choon: Getting the government to buy over the unsold units is a good exercise but one needs to be careful as well as it involves the taxpayers’ money

On May 31, 2021, the Ministry of Finance announced a seven-month extension for the HOC to Dec 31, 2021 under the government initiatives – PEMERKASA+ Stimulus Package