In Depth

Know the transaction costs and taxes when buying property overseas

PROPERTY transaction costs and taxation are becoming increasingly important considerations for investors. Global consultancy Knight Frank in its recently launched Global Tax Report developed jointly with Ernst & Young revealed that indicative property tax costs can range from as low as 3.5% or 3.6% of the property price in Monaco and Dubai, respectively, to over 30% in Sao Paulo.

GALLERY: Setia EcoTempler/The Legend of Nine Creeks

S P Setia's Setia EcoTempler project is coming up in Rawang. A major attraction is the developer's efforts to maintain the existing flora and fauna, creeks and lakes. This will be The Legend of the Nine Creeks. 

Trendspotting in global real estate

Real estate trends in developed countries are interesting as they give an idea of how homeowners’ behaviours and tastes are evolving. Here are landmark changes taking place around the world.

Lombok — an up-and-coming resort investment frontier?

Located to the east of Bali is the less famous Indonesian island of Lombok. The 4,725 sq km island boasts pristine beaches and is known as a great surfing spot. Apart from white sandy beaches, it has mountains, forests and waterfalls as well as great hiking trails.

PROPERTY SNAPSHOT 4: What’s hot in Subang Jaya?

Average prices have grown modestly across the market, buoyed by the flurry of development activity in the vicinity. The highest relative price growth can be found at Laman Baiduri, with the average price up 29.3% y-o-y to reach RM656 in the 12 months to 1Q2015.

The power of strong communities

It is the strength of a neighbourhood community that enhances the value of a property in the long run, says veteran property developer Tan Sri Teo Chiang Kok.

Protasco’s De Centrum City taking shape

Protasco Bhd is adopting the new urbanism concept in its maiden project, De Centrum City, in Kajang, Selangor. The group, which is known more for its infrastructure construction and engineering businesses, is aiming high with its property development division.

PROPERTY SNAPSHOT 3: What are developments priced in Subang Jaya?

The property market in Subang Jaya falls primarily within the mid- to high-end segment. In the 12 months to 1Q2015, 35.9% of the secondary non-landed residential transactions were within the RM601 – RM800 psf range. Another 29.3% fell within the RM401 – RM600 psf range.