PETALING JAYA: Local property developers have called for a lowering of personal income taxes for Budget 2010 to boost the property market. Budget 2010 will be unveiled on Oct 23 by Finance Minister and Prime Minister Datuk Seri Najib Tun Razak.

KUALA LUMPUR: UEM Land Holdings Bhd (ULHB), the master developer of Nusajaya in Johor has yet to sign any agreement to develop a theme park in the area.

“As at to date, UEM Land Bhd, a wholly-owned subsidiary of ULHB, has not signed or entered into any agreement or formal understanding with any party to develop any theme park,” it said in a filing to Bursa Malaysia on Oct 19. 

PETALING JAYA: The government must continue liberalising Malaysia’s economic policies to encourage more foreign direct investment (FDI) which will in turn further boost the property market, said two property industry veterans.

PETALING JAYA: The local property market is set to strengthen and grow in the coming years if the strong comeback in 3Q2009 is any indication of an economic revival, said Minister of Housing and Local Government Datuk Seri Kong Cho Ha.

KUALA LUMPUR: Malaysia’s interest rates are supportive of the country's economic recovery and remain at an appropriate level, Bank Negara Malaysia Governor, Tan Sri Dr Zeti Akhtar Aziz said on Oct 19.

She said any decision on the rates would only be announced after another Monetary Policy Meeting later this month.

PETALING JAYA: The Selangor state government is trying to revive as many abandoned housing projects as possible in the state. As of June 2009, the state government has identified and allotted 18 projects (involving 15,128 units of homes) to be undertaken by new developers and financiers willing to revive them, said state executive councillor Iskandar A Samad.

LONDON: The UK's financial regulator plans to force mortgage lenders to check the income of all borrowers, scrapping so-called "liar loans" blamed for helping to fuel bad debt problems at the heart of the credit crunch.

PETALING JAYA: There were no major surprises when it comes to reviewing the property market’s performance for 1H2009. The global economic slowdown brought growth from a gallop to a slow walk but Kuala Lumpur’s property market held steady in most areas, albeit with more dips than spikes.

KUALA LUMPUR: Most local property developers have had to tighten their belts to weather the storm of the global recession but most were also able to maintain their footing, thanks to lessons learnt during the 1997 Asian financial crisis.

After the haphazard overnight queuings during the last two launches by I&P Group Sdn Bhd, the developer has resorted to the balloting system in its latest launches in Bandar Kinrara, Puchong, on Oct 10 and 11, respectively.In August, when I&P launched Temasya Suria @ Glenmarie superlink homes in Shah Alam, some buyers queued for seven days and eight nights, while at the launch of the Se