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Affordable housing a Budget priority
PETALING JAYA: Affordable housing will be one of the highlights in Budget 2013, said Datuk Donald Lim Siang Chai. The Deputy Finance Minister said among the initiatives being looked into was the enhancement of low-cost home development projects, particularly the My First Home Scheme. Lim said the Government had proposed to ... Read More
Developers urge Government to bring down cost of doing business
PETALING JAYA: Property players are hoping that Budget 2013 would introduce encouraging policies or tax adjustments that allow businesses to thrive in the current local and global economic environment. Mah Sing Group Bhd managing director Tan Sri Leong Hoy Kum hopes to see new financial incentives, tax breaks or even ... Read More
Resilient property market expected
PETALING JAYA: The Real Estate and Housing Developers’ Association Malaysia (Rehda) expects the housing and property market to plateau in the second half of 2012, but will remain resilient. According to a survey Rehda conducted, property developers are optimistic of the second half and more respondents plan to launch projects ... Read More
Upbeat views on Malaysian property
GEORGE TOWN: Despite the global economic crisis, property investments coming into the country and going to overseas this year are expected to increase substantially. The recently introduced 10% stamp duty for foreigners buying properties in Singapore has increased the attraction of Malaysia as a property investment destination. Property investments flowing ... Read More
Slated for redevelopment
RESIDENTS living in the century-old settlement in Gat Lebuh Sandilands off Jalan C.Y. Choy can look forward to better living conditions as a redevelopment proposal for the area has been put in place. Housewife Loh Bee Luan, 67, said the place was always infested with mosquitoes which breed in stagnant ... Read More
Residents up in arms over proposed flyover
BUKIT MERTAJAM: Some 100 residents of Taman Desa Damai in Bukit Mertajam held a peaceful gathering to protest against the proposed flyover between Jalan Nangka in Taman Desa Damai and Jalan Perda Timur in Bandar Perda. They claimed the flyover, which is to be built over the double track railway ... Read More
Upcoming developments
THE year 2013 is pretty much a busy one for Dijaya Corp Bhd as it is planning some 12 launches spread over the Klang Valley, Penang and Johor. One of the more imminent ones include The W Hotel & The Residences, which deputy managing director of Dijaya Dickson Tan is ... Read More
The importance of research is rising as more Malaysians look at property as an investment alternative
THE property market is highly volatile and thrives on speculation. Although Malaysia is considered a fairly stable market with steady appreciation in value, unlike other places around the globe, it is important for Malaysians to understand when and where they should invest their money. It was reported last year that ... Read More
Free shuttle service to spread its wings
BUKIT MERTAJAM: The Penang government’s free ‘Park & Ride’ shuttle service will be extended to cover Bandar Perda in Bukit Mertajam and Highway Auto City in Juru effective Sept 3. State local government and Traffic Management Committee chairman Chow Kon Yeow said two new feeder hubs, with free car parking, ... Read More
Budget to ensure prices of property remain affordable
PETALING JAYA: Budget 2013 will see more measures to control the soaring prices of property, including tighter fiscal policies to curb speculation. Housing and Local Government Minister Datuk Seri Chor Chee Heung said most Malaysians felt today’s property prices were “far too high” and wanted the Government to see to ... Read More
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