MIDF Research positive on property sector
KUALA LUMPUR: MIDF Research has maintained a positive stance on the property sector as it believes the sector’s recovery will continue to drive new sales and earnings for property developers. In a research note today, MIDF Research said the property price outlook in Malaysia is expected to remain positive due to healthy buying interest. Its […]
Govt urged to extend stamp duty exemption for RM500,001 TO RM1 mln properties to end-2025
KUALA LUMPUR: The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) hopes the government will extend the stamp duty exemption period for property priced between RM500,001 and RM1 million to end-2025 from end-2023 when tabling Budget 2024. This will standardise the stamp duty exemption period for properties worth RM500,000 and below, which is […]
SHEDA approval for HOC decision
KUCHING: The Sarawak Housing and Real Estate Developers Association (Sheda) applauds the Ministry of Finance’s decision to prolong the 2020-2021 Home Ownership Campaign (HOC) till Dec 31. Sheda advised those who are financially capable of purchasing property to do so following the extension. “In trying times such as Covid-19, every government is trying to maximise […]
Developers welcome more government assistance
KUCHING: All sectors have experienced the detrimental effects of the Covid-19 pandemic and the property sector is no exception. In these uncertain times, job security and financial circumstances have somewhat affected the demand for residential and commercial properties. In an effort to ease the strain on the sector boost property sales, the government has introduced […]
Meaningful 25th anniversary for Naim Group
KUCHING: Naim Group of Companies (Naim) is delighted with the response from the public to its ‘Super Deals’ property promotion. The promotion was part of Naim’s 25th anniversary celebration and as a gesture of appreciation to the community for its support to Naim over the years. Deputy managing director Christina Wong said the promotion had […]
Bravery during challenging times
By Nur Shazreena Ali & Nia Natasha Hasenan KUCHING: Stimulating the property sector should be a continuous effort by all developers, said Assistant Minister of International Trade and Industry, Industry Terminal and Entrepreneur Development Datuk Mohd Naroden Majais. The assistant minister believes that the property sector should continue enhancing their customers’ quality of life by […]
Restarting property, construction sectors in the new norm
KUCHING: As property and construction sectors are restarting work, however due to the standard operating procedures (SOPs) set for these industries, it will definitely affect the property prices, said Sarawak Housing and Real Estate Developers’ Association (Sheda) Kuching Branch chairman Sim Kiang Chiok. He said with social distancing that has to be observed in construction […]
Property sector not directly impacted by coronavirus
KUALA LUMPUR: The residential property sector is not expected to be as badly impacted as tourism or foreign direct investments by the prolonged Covid-19 outbreak, says PropertyGuru. Even though Malaysia may see a decline in foreign purchasers such as from Hong Kong and China and a delay in projects throughout the supply chain following the Covid-19 outbreak, Malaysia’s property […]
