Government proposes to increase the limit of house prices under the My First Home Scheme from a maximum of RM220,000 to RM400,000 beginning January 2012 ... Read More

The government today proposed a review of the Real Property Gains Tax (RPTG) to curb speculation. The government has proposed that for properties held and disposed within two years, the RPTG is 10 per cent for both companies and individuals. For properties held and disposed within a period exceeding two ... Read More

GEORGE TOWN: Penangites should not be kept in the dark over talk of land reclamation along the Bayan Lepas coastal area. Pantai Jerejak Barisan Nasional coordinator Wong Mun Hoe urged the state government to “come clean” on its dealings with Boustead Holdings. “The reclamation of 40ha is estimated to be ... Read More

WORK on the construction of a RM2mil bridge over a stream along Jalan Kulim in Kampung Machang Bubok near Bukit Mertajam has been suspended temporarily following objections from shopkeepers there. State Public Works, Utilities and Transportation Committee chairman Lim Hock Seng said the shopkeepers had complained their business had been ... Read More

The public having a closer look at the model of a housing project at The Star Property Fair 2011 in Penang in July. PETALING JAYA: About 20 developers and property-related companies will showcase their projects and management services at The Star Property Fair 2011 from Nov 25-27 at the Kuala Lumpur ... Read More

Prof Datuk Dr Mohamed Ariff, a professor of international economics at the INCEIF (International Centre for Education in Islamic Finance), said revenue has shrunk to 22 per cent of the gross domestic product (GDP) compared with previous years when it stood at 34 per cent. "There was also only a ... Read More

PETALING JAYA: Real property gains tax (RPGT) would probably increase after Budget 2012 but experts are divided over the quantum or the new form the tax on property sales would take. Few are hoping for the rate to be maintained but others felt the RPGT would increase by another 5% ... Read More

SOME 350 residents living in six condominiums and houses along Persiaran Bayan Indah in Bayan Lepas want the seafront in the Bayan Bay area to be spared of any future land reclamation projects. Bayan Bay Residents’ Action Committee chairperson Sharifah Hamidah said the residents were not against development but were ... Read More

GEORGE TOWN: IJM Land Bhd is poised to set the bar in Penang and the rest of the country soon on how a fully-networked property development can spur economic growth. The company's flagship development - The Light Waterfront Penang - will offer a digital lifestyle to all its investors, thanks ... Read More

THE state government is concerned over the lack of progress at the RM2.7bil Penang Sentral project in Bagan Dalam, Butterworth. Deputy Chief Minister I Datuk Mansor Othman said the project was launched by former Prime Minister Tun Abdullah Ahmad Badawi in July 2007 and the first phase was supposed to ... Read More