Ringgit slump won’t affect property sector, Penang Rehda says
Malaysia Ringgit slump down won’t affect property sector, Penang Rehda says GEORGE TOWN, Jan 9 — The drop in ringgit value at the start of this year due to the global oil price slump is not likely to affect the local property sector, Real Estate and Housing Developers Association (Penang) chairman Datuk Jerry Chan said. Chan said now when the ringgit is weak; it is a good time for Malaysians to invest in local assets as it would not...
Secondary properties may be cheaper than new ones
KUALA LUMPUR: The secondary property market in the country has good potential as the prices of the houses could be 30-40 per cent lower than the new ones, said the Malaysia Institute of Estate Agents (MIEA). Its president, Siva Shanker, said many people were unaware of the hidden ‘gems’ in the secondary property market. The buyers should should explore them instead of complaining and whining about the escalating prices of new houses,...
Property investors and developers urge government to clarify anti-profiteering act
Property investors and developers urge government to clarify anti-profiteering act KUALA LUMPUR, Dec 22 — Property investors and developers want clarifications from the government on the implementation of the Anti-Profiteering Act 2011 alongside the Goods and Services Tax (GST). Managing partner of Syarikat Ong and Tax Consultants, Agnes Wong, said although the government has outlined the guidelines and formulae for the property...
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