Property Insight > News release

News release

LBS Refines Strategies; To launch RM2.65 billion GDV of projects in 2021

Petaling Jaya, 6 January 2021 -- Leading township developer LBS Bina Group Berhad (LBS) strategises toward 2021 with launches valued at an estimated Gross Development Value (GDV) of RM2.65 billion. Despite current market challenges stemming from COVID-19’s after-effects, LBS continues to adapt to the new norm’s shifting market strategies by ...

It’s a work in slow progress, filling up office space.

PETALING JAYA: While the shift to work-from-home practices and office rotations have torpedoed demand for office space and left many buildings deserted, property players are still holding out hope that the bad times will end and demand will rebound. Data from property group Knight Frank showed that in the third quarter ...

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 ...

Incentives Property buyers can look forward to in budget 2021.

The Belanjawan 2021 has finally been tabled by Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz. The property market received its fair share of goodies, with almost a dozen initiatives proposed to help increase homeownership in Malaysia. Here, are the top 4 real estate initiatives: 1. Full stamp duty exemption for ...

Amid Covid pandemic, DBKL offering tax rebate to property owners

A bird's-eye view of Kuala Lumpur July 8, 2020. — Picture by Hari Anggara KUALA LUMPUR, Nov 4 — Building owners unable to lease out their premises due to the Covid-19 outbreak can apply for a vacancy allowance that entitles them to a refund of assessment tax (rebate), said the Kuala ...

Home owners unsafe after added security.

[caption id="attachment_8647" align="alignnone" width="1240"] More and more Kuala Lumpur residents are installing gates in their back lanes. — source : The Star[/caption] A FEW years ago in Taman Bukit Indah off Jalan Kelang Lama, Kuala Lumpur, residents living in Jalan Selera decided to instal a gate in their back lane with ...

Malaysia property market to rebound in 2022.

PETALING JAYA : Malaysian real estate industry expects a strong market rebound  in 2022 after prolonged sluggish growth in 2020 and 2021,  according to Juwai IQI’s research. According to its “Property Survey and Index Q3 2020” research report which was released in September 2020, the research company sees the National Price ...