Archive for February 2019
First Time Homebuyers: 8 Government Aids You Should be Leveraging
2019 is probably not the best year for Malaysian Property Investors, especially with the changes in the Real Property Gain Tax (RPGT) policies. However, this year may spell good news for first time home buyers, with the stamp duty exemption for the first RM300k for homes priced up to RM500k, as well as for existing…
Read MoreTHE 3 MYTHS THAT STOP YOU FROM INVESTING
by Kevin K.M. Neoh MYTH #1: I DON’T EARN ENOUGH TO SAVE MONEY If you think you don’t earn enough to put aside some savings for a rainy day, these are probably a portion of the thoughts going through your head: “My paycheck is small and I don’t have extra money to set aside for…
Read MoreThe “Utama” in Bandar Utama Development
Tan Sri Dato’ Teo Chiang Hong – A Remarkable Man With Surprisingly Simple Values Usually, when the editorial team here at Property Insight books an interview, especially with a luminary as respected as Tan Sri Dato’ Teo Chiang Hong, we spend hours researching the subject to make sure we bring you the best interview possible.…
Read MoreDPM Announces Plans for ‘Age Friendly City’ Together with United Nations Development Programme
Speaking at the Malaysia Urban Forum 2019 at the Kuala Lumpur Convention Centre, Deputy Prime Minister and Minister of Women, Family and Community Development Datuk Seri Dr Wan Azizah Wan Ismail announced planning for a new age-friendly city in conjunction with the United Nations Development Programme. Telling the assembled attendants that said city would be…
Read MorePM announces new initiative for one million affordable homes to uplift the B40 group
In front of a capacity crowd of over 5000 at Padang Puchong Indah, Prime Minister Tun Dr Mahathir Mohamad announced the National Community Policy, or DKN, a initiative under the the National Housing Policy (2.0) to improve the lives of PPR (Program Perumahan Rakyat) residents, unveiling a plan to create one million affordable homes with…
Read MoreGovernment : Banks should ease requirements for B40 group to take mortgage.
DUNGUN, — Banks and financial institutions in the country have been advised to give leeway to housing loan applicants, especially those in the B40 group, by taking into consideration their income from part-time jobs. Deputy Housing and Local Government Minister Datuk Raja Kamarul Bahrin Shah Raja Ahmad said it was among the leeways that could be given…
Read MoreGovernment Asking for up to 20% Discount at Home Campaign
Property developers are being asked to offer discounts of up to 20%, doubled what was committed for the Home Ownership Campaign (HOC), in order to clear the RM20 billion worth of backlog in the housing market. Finance Minister Lim Guan Eng said the effort is in line with the government’s mea-sure to tackle the overhang in…
Read MoreUnsold homes hit new heights
KUALA LUMPUR : The number of unsold homes in Malaysia has more than doubled, reaching a new high of 30,115 homes as at the third quarter of 2018 (3Q18). According to the National Property Information Centre (NAPIC), as of 3Q18, 30,115 unsold homes amounted to RM19.54 billion, a year-on-year increase of 9,811 homes or RM18.28…
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