Buying costs are very low in Malaysia

How high are realtors’ and lawyers’ fees in Malaysia? What about other property purchase costs? How difficult is the property purchase process in Malaysia? With affect of 1st January 2014, all foreigners, will be subject to a minimum price of MYR1 million per property for all states in Malaysia. The decision of increase of MYR1million […]

How property is priced by the market

The new condos in Mont’kiara were priced based on the price range of existing two-storey terrace houses in Sri Hartamas/Desa Hartamas which were no longer being built due to land shortage.   IN a system where income levels, savings, costs, population density, demand, supply, rents, property sizes, property condition, property usage and preferences are so different, […]

Consumer groups call for transparent house buyer selection

PETALING JAYA: There must be transparency in the selection of qualified buyers and the final balloting under the MyHome Scheme, said consumer groups. “We must hold true to the principle that whoever deserves a house (under the scheme) should get it regardless of race,” said National House Buyers Association honourary secretary-general Chang Kim Loong said. […]

Developers are turning to area for its growth potential

These days Kajang in Selangor is all abuzz with talk of the coming by-election for the constituency’s state assembly seat. In recent weeks, the town has been visited by various political personalities eager to make a good impression on the local folks. But Kajang has been on property developers’ radar for years. Developers have not […]

Penang — the good and the bad

Unidentified substance: The black discharge contaminating the public beach behind Bayview Beach Resort at Batu Ferringhi. PETALING JAYA: Penang has been ranked number one in a list of places for foodies to go to that will appear in a book to be published this Valen­tine’s Day by Lonely Planet. The article by Robin Barton says […]

Year of change for property

The outlook for 2014 points to an evolving landscape of possibilities, tempered by current local sentiment. DIFFERENT rules of engagement seem to be leading the winds of change in the property market this year. Some may be tempted to think that the elements of a perfect storm are brewing with the new measures outlined by Budget 2014, i.e. revised RPGT (Real Property […]

Development in Klang Valley’s southern growth corridor

The development will feature a clubhouse and swimming pool, among other amenities. Home buyers looking for resort themed condo-styled apartment in the Klang Valley now have another option to consider. Bangi Heights Development Sdn Bhd, a subsidiary of United Malayan Land Bhd, says its Putra 1 project, spread over an 8.9 acres will be launched soon. […]

Why invest in Malaysia Real Estate?

Direct Foreign Ownership with No Capital Controls  Non-residents are free to purchase residential and commercial properties in Malaysia. All purchasers are subject to restrictions on Malay Reserve Lands and properties allocated for Bumiputras. There is a minimum investment value of RM500,000 (approx. USD $150,000) for property purchase according to the jurisdiction of different states in Malaysia.   […]

Budget 2014: Impact on the Property Market

With three major policies detailed in the 2014 Budget set to be put into effect between January 2014 and April 2015, the property market is set to deal with an array of changes. The biggest and arguably most discussed, policy is the increase of the Real Property Gainers Tax (RPGT) from 15% for two years […]