The Goods and Services Tax will not be imposed on rentals of commercial units below RM500,000 a year, says Datuk Seri Najib Razak. The prime minister said the government had also decided that supply services for all stratified residential houses would be GST-exempt. He said under subsection 18(2) of the ... Read More

George Town will have an additional 2,093 units of apartments priced up to RM400,000 in four years now that work to build "The Rise", Penang’s affordable housing scheme on Jalan SP Chelliah, has started. Chief Minister Lim Guan Eng said the project, with a gross development value of RM600 million, ... Read More

Property developers have come out with some hard facts that suggest that the sector is cooling off. According to the first half 2014 Property Industry Survey by the Real Estate and Housing Developers’ Association Malaysia (Rehda), properties in the affordable housing price range below RM1mil have been facing a tough ... Read More

A total of 51,238 people have applied for the low-cost, low medium-cost (LMC) and affordable housing units in Penang to date, said state Town, Country and Housing Committee chairman Jagdeep Singh Deo. Jagdeep said 24,399 people applied for low-cost units, 23,582 for LMC and 3,257 for affordable units. “The deserving ... Read More

Errant housing developers can now be hit with hefty fines and jail terms if they abandon their projects. Under the amendments to the National Housing Development (Control and Licensing) Act 1966, which would take effect from June, developers of abandoned projects may be fined RM500,000 and jailed for up to ... Read More

THE state government has managed to get a developer to build 7,658 affordable homes in Paya Terubong, Penang. Chief Minister Lim Guan Eng said PLB Land Sdn Bhd had agreed to build the units ranging from 750 to 1,000sq ft priced between RM292,500 and RM390,000. The developer is also the ... Read More

Also plans to launch new projects in Setapak and Jln Jubilee in KL, Bayan Lepas in Penang, JB, Sabah and Sarawak soon. More than 20,000 homes will be built under 15 affordable housing projects in Greater Klang Valley, Johor, Penang, Sabah and Sarawak. “These 15 new developments are under Phase ... Read More

KUALA LUMPUR: The income limit of individual borrowers for My First Home Scheme (SRP) will be increased from RM3,000 to RM5,000 per month effective January 2013. This enhancement was one of the SRP’s eligibility criteria slated for improvement under Budget 2013’s announcement last year, Cagamas SRP Bhd said yesterday. For joint borrowers, ... Read More

PETALING JAYA: The online registration for 80,000 affordable homes to be built in 50 cities and towns under the Perumahan Rakyat 1Malaysia (PR1MA) will be officially launched in Penang on Saturday. Qualified applicants will be able to take part in the balloting of the houses which will be built at ... Read More

The Penang Malays Association (Pemenang) is planning to build 5,000 apartment units with a built-up area of not less than 1,000sq ft each in George Town.Its president Datuk Seri Mohd Yussof Latiff said the units would be built on 11.33ha of land, among others in Kampung Makam, Kampung Dodol, Jalan ... Read More