News by The Edge

Would you buy property in 2024? If so, where, when and in what should you invest your money?

More and more developers are assessing the quality of their newly completed buildings on a voluntary basis. This is done via Qlassic, the quality assessment system for building construction works developed by the Construction Industry Development Board (CIDB).

It’s that time of the year again. Like clockwork, industry players are parading their respective wish lists in the run-up to the tabling of Budget 2024 later this week.

In May this year, Local Government Development (KPKT) Minister Nga Kor Ming assured Malaysians there would be no more PR1MA Corporation Malaysia (PR1MA) sick projects come 2024. This is good news for affected buyers who are still waiting for their dream homes.

In the renewal process, economic opportunities and activities are also generated.

The government is racing to provide a roof over the heads of all Malaysians. Any responsible government would be serious in ensuring shelter, especially for those who need help the most.

The adoption of electric vehicles (EVs) is gaining traction in Malaysia, accelerated by the government’s push towards sustainability and green growth.

Everyone who buys real estate in Singapore is subject to Buyer’s Stamp Duty (BSD). On top of this, for residential properties, depending on certain criteria, buyers are to pay another tax called the Additional Buyer’s Stamp Duty (ABSD). The two taxes are computed based on the purchase price of the property or its market value, whichever is higher.

It has also been decided that a one-stop centre would be created under Motac to promote, filter and streamline MM2H applications. 

Let’s face it, property prices are not about to drop just because the market clamours for it. While we do hear of the isolated fire sales on the secondary market, truth be told, I have yet to know of anyone who has managed to seal a hot deal.