Plenitude registers 50% take-up for Hibiscus @ Impian Hills in Johor
With a gross development value (GDV) of RM1.
Akta Pembaharuan Bandar bertentangan dengan perlembagaan
HBA merasa gusar mengenai isu yang berulang kembali, yang sepatutnya telah diselesaikan pada tahun 2019.
PDC management instructed to conduct study on land sale, development
Chief Minister Chow Kon Yeow: PDC has several methods of selling land, whether via an open tender, request for proposal, or direct negotiations.
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Govt mulls raising minimum capital for new property developers, blacklisting directors of sick and abandoned projects
Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir said the government is currently studying to amend the Advertising Permit and Developer’s License Act (Act 118).
Sunway says unit has not yet received termination letter from PDC on Batu Kawan Industrial Park 2 project
The termination of the agreement comes with a three months’ notice, PDC said.
PDC calls off collaboration agreement with Umech Land to develop Batu Kawan Industrial Park 2
It is important to note that Sunway had only emerged as a majority shareholder in Umech Land two days prior to the announcement of the agreement, by injecting RM23.
Stamp duty on foreign buyers could “offset” MM2H rules relaxation
Maybank Investment Bank (IB) research noted that while a less stringent MM2H “should benefit the domestic property industry in both the rental market and property demand, the imposition of a flat 4% stamp duty on foreign buyers, could result in a 63% increase in stamp duty fees for a property priced at RM1.
Cancel state-owned land sale to Sunway’s Umech Land amid controversy, former Penang deputy chief minister Ramasamy tells PDC
“Once cancellation is done, action should be taken against those individuals whether in PDC or in the state government or outside responsible for this shoddy mess,” said Ramasamy, who is a former board member of PDC.
Budget 2024 - Mixed reactions from stakeholders
Varied views from a number of stakeholders in the property segment The Association expresses concerns over plans to introduce a 4% flat rate for the stamp duty on memorandum of transfers on purchases by foreign individuals and companies.
HIL Industries to buy property firm for RM46 mil in related party deal
The moulded plastic products maker and property developer said it is acquiring Broadwise Corporation Sdn Bhd (BCSB) via its wholly owned subsidiary, Amverton Prop Sdn Bhd, for RM46 million.
