DONE DEAL: 3-storey semidee industrial unit, Taman Perindustrian Selesa Jaya, Seri Kembangan, Selangor
Sold for: RM6.5 million; Concluded by: Joanne Soh (REN 13124) of CBD Properties (012-297 6506); When: June 2019
DONE DEAL: Condominium unit, Residensi 22, Mont'Kiara, Kuala Lumpur
Sold for: RM1.65 million (average RM878 psf); Concluded by: Carmen Lee (REN 12639, 012-207 3989) and Chris Ng (REN 07811, 019-614 8656) of Reapfield Properties; When: August 2019
Long-term property owners will be paying less for RPGT
Under Budget 2020, the RPGT rate is maintained at 5% (10% for companies and foreign owners) if the property is sold after the fifth year, however, the valuation base year has been adjusted to year 2013, from year 2000.
HBA: Do not neglect the hidden risks while encouraging homeownership
Developers may ignore building affordable homes and focus on constructing luxury properties priced above RM600,000 targeting foreign buyers.
Economists and analysts: A balanced and positive budget
RHB Research Institute senior analyst Loong Kok Wen deemed the property-related measures announced in the Budget 2020 today as “neutral to positive” and expect market sentiments to be slightly lifted.
Rehda institute lauds move to encourage home ownership through RTO
Rehda Institute also appreciated the government’s effort in introducing the Home Ownership Campaign (HOC) which has generated strong market interest and achieved good sales results. The association hopes the government will consider extending the campaign to next year in light of its success.
Experiencing Klang in a little shophouse
“Being the Royal Town of Selangor, Klang has so many stories to tell, but we are not going to do it by talking. What beats the fun of experiencing it?”
Budget 2020 survey: Please review RPGT
The RPGT which had seen a new schedule of rates take effect at the beginning of this year is hurting property owners by trimming their profit margin.
