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“A vacancy tax typically applies to properties that remain vacant — unsold or unrented — for more than six months in a year. In countries such as Canada and Australia, particularly in cities like Melbourne, this tax is set at between one and 3% of the property or land value.
Johor Bahru property prices registered a sharp increase in the second quarter of 2025 following the launch of the Johor-Singapore special economic zone (JS-SEZ), driven by strong demand for high-end housing and cross-border investor interest.
The recent death of 20-year-old University of Cyberjaya physiotherapy student Maniishapriet Kaur Akhara in her Cyberjaya hostel, while initially sparking criticism of the university, has exposed deeper, systemic issues within Malaysia’s strata property management which the housing and local government ministry has failed to adequately address for years.
High-end property prices in Penang rose by 7% to 10% in 2024 from a year ago, reflecting the steady demand among locals and foreigners.
A total of RM228 million is needed for the construction of the first phase of Transit Oriented Development (TOD) at six stations of the East Coast Rail Link (ECRL) in the state. State Infrastructure, Utilities and Rural Development chairman Hanafiah Mat said the TOD development involving stations in Kuala Terengganu,...
The Johor state government is proposing to raise the levy on property purchases by foreign buyers from 2 per cent to 3 per cent as part of efforts to strengthen land administration and support ongoing system upgrades, said Menteri Besar Onn Hafiz Ghazi.
Malaysia enjoys a strategic location alongside the Strait of Malacca – the world’s busiest shipping lane. This adds potential to Malaysia’s property market based simply on where it’s located on the map. “Location, location, location” is true anywhere in the world. Malaysian real estate abides by that rule on a...
Owners of leasehold properties in N.Sembilan should grab the opportunity to convert them to freehold status before the state decides to end the offer, says Datuk Seri Aminuddin Harun.