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First home scheme to attract young buyers October 20, 2010, 04:11:22 PM by d-choice Saturday October 16, 2010 PETALING JAYA: To promote home ownership among Malaysians, the Government has proposed to introduce First Home Scheme whereby Cagamas Bhd will provide a guarantee on the 10% down-payment for houses priced below RM220,000. The scheme is for first-time house buyers with monthly household income of less than RM3,000. It is aimed at young adults who... 0 comments | Write Comment Full loan for first-time house buyers October 20, 2010, 04:06:38 PM by d-choice Saturday October 16, 2010 FIRST-TIME house buyers with a family income of less than RM3,000 per month need not pay the 10% down payment under the My First House Scheme (Skim Rumah Pertamaku). The 10% down payment will be guaranteed by Cagamas Bhd for houses priced below RM220,000. This will allow the first-time buyers to obtain 100% loan. They... 0 comments | Write Comment Perks for first-time house buyers October 20, 2010, 04:03:10 PM by d-choice Sunday October 17, 2010 The PricewaterhouseCoopers team answers questions from readers on the perks for first-time property buyers, stamp duties and service tax. > I hear that some incentives were announced to encourage first-time residential property buyers. Please elaborate. Yes, partial stamp duty exemptions were proposed to encourage ownership of the fi... 0 comments | Write Comment Do property bubbles always lead to crises? July 15, 2010, 03:15:45 PM by d-choice The Star Online > Business Tuesday July 13, 2010 They will increase economic downturn risks, but Asians should not be too worried  MANY of the world’s biggest economic crises in recent years originated from property bubbles. The list includes the US “subprime” crisis (2008), Japan’s economic stagnation (1992 onwards); and the financial crisis in Sweden (1991), Fi... 0 comments | Write Comment Someone bought a penthouse for RM38mil in KL! July 15, 2010, 02:55:21 PM by d-choice By TEE LIN SAY linsay@thestar.com.my | Jul 7, 2010 --------------------------------------------------------------------------------   Binjai is the only condominium located on the 50-acre KLCC Park. KUALA LUMPUR: The Binjai On The Park development in Kuala Lumpur City Centre (KLCC) caused a stir in the property market when one of its two super penthouses was sold... 0 comments | Write Comment Malaysia could face double-dip recession: Dr M July 08, 2010, 02:15:44 PM by d-choice KUALA LUMPUR: Malaysia may slip into a double-dip recession if European countries face a similar slowdown, said Tun Dr Mahathir Mohamad. The former Prime Minister said there were emerging signs of a double-dip recession hitting European countries and this would indirectly influence the Malaysian economy. "I just returned (from England). In Europe (a double-dip recession) is i... 0 comments | Write Comment Property market recovering, but oversupply of condo and office units July 08, 2010, 02:06:24 PM by d-choice The Star Online Thursday July 8, 2010 By ANGIE NG angie@thestar.com.my PETALING JAYA: The residential property market, especially landed residences, is on a recovery mode and prices of houses in some parts of Kuala Lumpur and Petaling Jaya have rebounded by 15% to 25% in the past one year, property realtors and consultants said. However, the high-rise condominium and office... 0 comments | Write Comment Residential property market to flourish in 2010, says investment bank February 10, 2010, 04:43:42 PM by d-choice KUALA LUMPUR, Feb 2 – The residential property market is expected to thrive this year as it rides on the surge in demand, particularly in the medium-high segment, says MIDF Amanah Investment Bank Bhd. Although new property launches in key cities like Kuala Lumpur, Johor Baru and Penang had been  less encouraging, the expected stronger economy this year should see the launches of prev... 0 comments | Write Comment Local interest in foreign property at a high February 10, 2010, 04:42:16 PM by d-choice By Lee Wei Lian PETALING JAYA, Jan 19 — Interest in foreign properties has surged among Malaysians thanks to favourable investment conditions at the destination countries, coupled with uncertainties on the domestic front. Developers from the UK and Australia, in particular, have been actively wooing Malaysian investors with many high-end condominium projects being... 0 comments | Write Comment Property market to gain from RPGT amendment February 10, 2010, 04:40:41 PM by d-choice KUALA LUMPUR, Dec 24 — The property market will benefit from the real property gains tax (RPGT) amendment announced by the government yesterday, the Real Estate and Housing Developers' Association Malaysia (Rehda) said today. Association President Datuk Ng Seing Liong said in a statement the property market would benefit from the amendments as it "has a very significant stimulat... 0 comments | Write Comment PJ leasehold landowners to get extension, discount February 10, 2010, 04:33:27 PM by d-choice By Neville Spykerman SHAH ALAM, Feb 10 — All leasehold property owners in Petaling Jaya will be given an opportunity to extend their leases at a discount thisThe Big Four Auditors are here at jobstreet.com. Register and let them select you. year. Tan Sri Khalid Ibrahim announced today the formation of a task force, headed by the state secretary to... 0 comments | Write Comment Federal Court overturns ‘mistake’ on land fraud February 10, 2010, 04:32:00 PM by d-choice By Debra Chong PUTRAJAYA, Jan 21 — The Federal Court today overturned what it called the “blatant and obvious” mistake of the controversial 2000 Adorna Properties ruling which had resulted in victims of land fraud being unable to recover their property, in a decision that will bring relief to land owners left exposed to fraudulent transfers. For the past ten years, a... 0 comments | Write Comment Property tax only for sales within five years of purchase December 28, 2009, 07:42:00 AM by d-choice Dec 24, 2009 PUTRAJAYA: The real property gains tax (RPGT) announced during the 2010 Budget will now only apply to property sold less than five years from its purchase, Datuk Seri Najib Tun Razak said. The Prime Minister said the 5% tax would now only be imposed on property sold within five years of the date of purchase. He said the decision would cause the... 0 comments | Write Comment 5% property gains tax seen as a temporary move November 04, 2009, 01:41:02 AM by d-choice Wednesday November 4, 2009 KUALA LUMPUR: The Government’s proposal to impose a real property gains tax (RPGT) of 5% from Jan 1 may just be a temporary measure, says Taxand Malaysia Sdn Bhd managing director Dr Veerinderjeet Singh. “We feel that it is a temporary imposition. We think that in the long term, the original scale rates of 30%, 20%, 15%, etc will be coming back,”... 0 comments | Write Comment Can real property gains tax be minimised? November 03, 2009, 11:02:01 AM by d-choice The Star Online > Business Tuesday November 3, 2009 It may be possible by transferring properties to a company, but there are many pitfalls to consider By POON YEW HOE AT the recently concluded budget seminar of our firm, a major focus of the 650 attendees was the proposed real property gains tax (RPGT) of 5% to be imposed on disposals of property after Jan 1... 0 comments | Write Comment Mixed reaction to property tax October 27, 2009, 01:53:20 PM by d-choice Tuesday October 27, 2009 Some say it will affect market while others consider it minimal By ANGIE NG PETALING JAYA: The Government’s proposal to reimpose the real property gains tax (RPGT) may ensure a more balanced property market in the long run but industry players see it as counter-productive to the ongoing efforts to stimulate investments in the property... 0 comments | Write Comment Unexpected tax moves October 26, 2009, 01:10:20 PM by d-choice Monday October 26, 2009 It’s a fair budget and makes a good attempt to address the key economic challenges Comment by Yeo Eng Ping  I CAN imagine the policy-makers would have had a difficult time formulating the Budget package – a balancing act between managing a high budget deficit and at the same time being sensitive to the needs and reaction of the... 0 comments | Write Comment 5% cap for real property gains tax October 26, 2009, 01:07:47 PM by d-choice Monday October 26, 2009 The rate is irrespective of holding period and category of owner PETALING JAYA: The Government will issue an order to cap the real property gains tax (RPGT) at 5%. Second Finance Minister Datuk Seri Ahmad Husni Hanazdlah reiterated the RPGT of 5% was imposed on gains from the disposal of real property irrespective of the holding period and... 0 comments | Write Comment Making right property buy can result in big gain October 24, 2009, 02:04:16 PM by d-choice Saturday October 24, 2009 THE REAL ESTATE WITH ANGIE NG MALAYSIAN property has withstood the test of time quite well and the many economic downturns over the years have failed to weaken its position as an attractive and reliable investment instrument. Whether it is used as a roof over our head or for capital appreciation and rental income, many Malaysians have... 0 comments | Write Comment Better days ahead for Mont' Kiara condo market October 24, 2009, 01:58:30 PM by d-choice Saturday October 24, 2009 THE mere mention of Mont’Kiara easily strikes a chord among many Klang Valley folks and property investors as it is a vibrant neighbourhood and is one of the favourite property hotspots in the country. There are currently close to 10,000 completed condominiums in Mont’Kiara, its neighbouring areas in Sri Hartamas and the newer Dutamas area. Another... 0 comments | Write Comment