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Malaysian property market sees downtrend in asking prices

KUALA LUMPUR, Nov 17 — Malaysia’s property market is still dealing with the effects of the Covid-19 pandemic in the third quarter of 2020 (Q3 2020), said property site, PropertyGuru Malaysia. Its Malaysia Property Market Index (MPMI) report has revealed a downward trend in asking prices across all four key markets ...

Loopholes that lead to property overhang

PETALING JAYA: Flaws at the planning approval process and a failure to consider market conditions have led to over-building, and thus to the overhang situation in the country. Although land is a state matter and town planning is a powerful tool, state local authorities have failed to use it and ...

Property Market in need of more comprehensive measures.

PETALING JAYA: Property consultants are disappointed that Budget 2021 proposals lack the bite to kickstart a sector which has remained stubbornly in the doldrums for some years now. They are disappointed that Budget 2021 was silent on game-changing issues like the real property gains tax (RPGT), which remains at 5% from the sixth ...

A boost for first-time home buyers

PETALING JAYA: The new federal budget will provide a boost for more first-time home buyers and lead to more much-needed affordable housing for the low-income group, say those in the property business. Among the highlights for the property sector in the budget include stamp duty exemption for first homes up to ...
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