President Datuk Ho Hon Sang said the optimism is driven by the robust performance reported in 2024, of which Malaysia had recorded the highest property transactions over the past decade, increasing by 18% to RM223.2bil as compared to RM196.8bil a year earlier.
PRIME Minister Datuk Seri Anwar Ibrahim said the compensation for owners under the proposed Urban Renewal Act (URA) will be according to future property value, not the current one. He also reiterated that the original owners affected will also get to live in the redeveloped property.
The initiative is being led by the Penang Institute through a Request for Expressions of Interest (EOI) process. This aligns with Penang’s historical role as a global trading hub and its strong presence in manufacturing and technology.
The Housing and Local Government Ministry is targeting to generate RM180 billion property sales across all sectors this year, said its minister Nga Kor Ming
These overhang properties are concentrated in key urbanised areas, such as KL
The implementation of e-invoicing for Joint Management Bodies (JMBs) and Management Corporations (MCs) has sparked significant debate among property stakeholders. While the government’s push for digitalization aims to streamline tax administration and reduce fraud, many argue that the new requirement places an unnecessary burden on JMBs and MCs, which are...
Malaysia’s property market is experiencing a significant surge, drawing attention from investors and homebuyers alike. This growth is fueled by a combination of economic recovery, government initiatives, and shifting market dynamics. Here’s a closer look at the factors driving this upward trend.
Minister of Tourism, Arts and Culture Datuk Seri Tiong King Sin has emphasised that the Malaysia My Second Home (MM2H) programme is not meant only for Chinese nationals but is open to applicants from any country worldwide.