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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.

“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.

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.

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.

Minister of Local Government Development Nga Kor Ming said the programme aims to ensure that CPOs adhere to the planning and fire safety guidelines provided by PLANMalaysia and the Malaysian Fire and Rescue Department (JBPM).

The Parkville RA filed the judicial review through its chairman, seeking a declaration that the RA is entitled to impose a rule that non-paying owners and residents or non-members of the association in the residential area would operate the boom gates themselves without the assistance of the security guards.

DONE DEAL: Terrace house, Alam Impian, Selangor DONE DEAL: Condominium unit, Le Yuan Residence, Happy Garden, Kuchai Lama, Kuala Lumpur Strategically situated between the well-established and self-sufficient neighbourhoods of Bandar Mahkota Cheras and Bandar Sungai Long, the residential community benefits from a wealth of amenities available in both of these townships.

"It should investigate the land sale at RM26.

No rightful homeowner should be disadvantaged in any scheme in the name of redevelopment, rejuvenation or revitalisation when there are plenty of reasons such a move is unnecessary.

In a sectoral update on Wednesday, the research house said it believes that industrial assets should record healthy rental reversions each year, with low risk of non-renewals.