This month, we will explore the effects of the Goods and Services Tax (GST) on various types of properties when it comes into effect next year. Residential properties will be exempted from GST. Hence, the seller is not allowed to charge GST on the sale, lease and rental of residential ... Read More

RM5 for a bowl of curry noodles? In my day, it was 50 sen!” Sounds familiar? No doubt you hear your parents and grandparents griping about today’s prices more often than not. The reason for these price differences is simple and straightforward: inflation. We won’t go into the mechanics of ... Read More

Mah Sing Group Bhd will develop RM3.4bil worth of residential projects in Penang and Kuala Lumpur over the next five years. Group chief executive officer Ng Chai Yong told StarBiz two of the projects would be located in Penang, while another two would be in Kuala Lumpur. In Penang, Mah Sing plans ... Read More

* Article by FREEMEN * My view on the outlook for Penang property market is, moving forward, cautiously optimistic. Why do I say that? Increase in investment in the State Penang’s total approved capital investment from January to May 2014 totalled RM3.13 billion, as compared to RM3.91 for the whole ... Read More

Housebuyers here need to be more cautious not to fall victim to a syndicate which is going around securing payments for units at an affordable housing project developed by the state. Penang Town, Country and Housing Committee chairman Jagdeep Singh Deo said there were claims that the syndicate was promising ... Read More

Malaysian Resources Corporation Berhad (MRCB) has entered into a share sales agreement with Pelaburan Hartanah Berhad (PHB) to acquire the latter’s 51% equity interest in a joint venture firm. The firm, Penang Sentral Sdn Bhd, was set up to implement the Penang Sentral project. Under the recent agreement, PHB agreed ... Read More

SP Setia Bhd plans to build more varieties of affordable houses over the next five years on Penang island that are within the income levels of Penangites. Its general manager Khoo Teck Chong told StarBiz that over the last couple of years, the pricing of properties in Penang, on the ... Read More

Owning a leasehold property should not be a concern for first-time housebuyers if they intend to stay there. Lawyer Chris Tan says chances are high that these buyers will ‘upgrade’ by moving into a bigger house in the next 10 years. He said houseowners could just renew the lease by ... Read More

The state government should look into allowing special privileges for developers involved in affordable projects to pay preferential premium and levies to the state authorities. Raine & Horne Malaysia senior partner Michael Geh said this would further enhance the smooth delivery of affordable housing projects in the state. “There will ... Read More

Penang is looking for a partner to roll out its massive RM27 billion transport master plan that will integrate both land and sea networks, including an MRT system, to link both the island and mainland halves of the state. The state will call an open tender from August 15 to ... Read More