CapitaLand Malaysia Trust's 3Q NPI up 6.3%, announces higher DPU of 1.07 sen
For the 9MFY2024, the REIT’s NPI rose 24% to RM191.
For the 9MFY2024, the REIT’s NPI rose 24% to RM191.
Housing and Local Government minister Nga Kor Ming: “Property investment is a tool for wealth preservation and inflation management.
"For this new Act, we propose that the consent threshold be no less than 80%.
The purpose-built warehouse has a gross built-up area of 416,572.
“The new owners inheriting these properties may end up having to sell their ancestral home as they cannot afford to pay the imposed tax, thus losing their home and an investment kickstarted by their deceased family, and discourage long-term ownership of properties,” said REHDA president, Datuk Ir Ho Hon Sang.
It added that the industrial park would complement its proposed development of the smart AI container port project in Negeri Sembilan.
While we don’t disagree with paying taxes on money made and even money spent (in the form of GST), paying taxes on things we own that we have already paid taxes on with already taxed money would be a SCAM.
The success of TODs in Malaysia hinges on coordinated planning, strong local authority involvement, and effective partnerships between stakeholders.
They include Rumah Idaman and Rumah Selangorku Harapan while the exemption does not apply to open market and other sub-sector projects.