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More moves to curb housing loans seen
More selective measures on loans to the property sector, among others aimed at curbing speculation, could be in the pipeline judging from the strong lending to the industry and continued elevated home prices, according to analysts. Analysts contacted tell StarBizWeek that the property measures will not be hard measures but more likely ... Read More
REHDA: GST will raise house prices by 6.2%
The Real Estate and Housing Developers' Association Malaysia (Redha) expects property prices to increase by 6.2% once the Goods and Services Tax (GST) kicks in on April 1, due to certain building materials which are taxed under the regime. Residential properties are exempt from GST. "94% of the survey's respondents ... Read More
Affordable Housing Roadshow – Gurney Plaza (21 March)
For those who are interested in affordable housing projects, officers from the state housing department together with PDC will be going to Gurney Plaza this Saturday (21 March) for the ‘Mission: Home-Possible’ road-show, to showcase affordable housing projects, as well as assisting potential buyer to submit their completed application forms. Click ... Read More
No GST on commercial unit rentals under RM500,000 a year
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
Affordable homes a big draw
The Penang government has received over 8,000 applications for its affordable housing units priced from RM200,000 to RM400,000. “The response is very encouraging and I urge Penangites to register for them as the chances of being allocated a unit is very high,” said state Housing, Town and Country Planning Committee ... Read More
Fair sees long queue of visitors seeking affordable homes
The two Penang Development Corporation (PDC) affordable housing booths at the Star Property Fair 2015 at the Sunway Carnival Mall and Sunway Convention Centre in Seberang Jaya have seen a long line of visitors. A spokesperson said there was strong interest in the homes located in Teluk Kumbar, Kampung Jawa ... Read More
Changing property market of Penang
Until about a year ago, Penang’s south-west district was known as the locality for affordably-priced properties. Since 2008, Ideal Property Group has developed over 4,000 units with a RM3bil gross development value (GDV) there. These include One World, One Residence and Fiera Vista in Bayan Lepas, priced between RM300,000 and ... Read More
Penang aims to cushion property prices
The state government wants to work with property developers to cushion the impact of skyrocketing property prices and the slowdown in the property market. Penang Deputy Chief Minister I Datuk Mohd Rashid Hasnon said as one of the most economically important states, Penang was experiencing growth that had impacted the ... Read More
The Star Property Fair 2015
Visitors to The Star Property Fair 2015, which opens in Penang today, will find the best residential and commercial properties as well as informative talks and exciting activities, all under one roof. Whether you are looking for a dream home or choice investment option, the event held for the first ... Read More
The Starhill Garden Condominium
The Starhill Garden, an upcoming condominium development by Aroma Development Sdn. Bhd. in Prai, Penang. It is strategically located along Jalan Baru, only a mere minutes drive from Penang bridge. This development comprises a 25-storey building with 149-unit of residential units. There are only 8 units per floor with unit ... Read More
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