News List

Locals unaffected by lower threshold for foreigners - Johor exco

ISKANDAR PUTERI, Nov 24  -- The move by the Johor state government to reduce the threshold for foreigners to purchase properties from RM1 million to RM600,000 will not affect local house buyers, the state assembly heard today.

State govt, KPKT to meet 27 home buyers of Taman Rembau Bayu next week - Exco

SEREMBAN, Nov 13 -- In its efforts to resolve the issue of abandoned housing project in Taman Rembau Bayu, in Rembau, the state government, together with officials from the Ministry of Housing and Local Government (KPKT) will meet with 27 home buyers who have been left in a lurch since 2014.

SP Setia Q3 net profit rises to RM108.92 million

KUALA LUMPUR, Nov 13 -- SP Setia Bhd’s net profit for the third quarter ended Sept 30, 2019 rose to RM108.92 million from RM65.18 million in the same quarter last year.

UEM Sunrise to divest property in Melbourne for AUD$107.09 mln

KUALA LUMPUR, Nov 12  -- UEM Sunrise Bhd’s (UEMS) wholly-owned subsidiary, UEM Sunrise (St Kilda Road) Pty Ltd, is proposing to divest its property in Melbourne, Australia to Acme Co No. 4 Pty Ltd (Acme) for AUD$107.09 million (RM304.13 million)

Chinese buyers account for RM8.4 bln property sales in 2018

KUALA LUMPUR, Nov 11 -- Chinese buyers accounted for RM8.4 billion worth of property sales in 2018, which is 12.1 per cent of the total transaction value and 0.4 per cent of total transaction share, according to an economics report from Chinese international property portal,, and Malaysian real estate agency network, IQI Global.

Sunway REIT's Q1 net profit rises to RM78.82 mln

KUALA LUMPUR, Nov 5  -- Sunway Real Estate Investment Trust’s (Sunway REIT) net profit for the first quarter (Q1) of the financial year 2020 (FY2020) ended Sept 30, 2019 rose to RM78.82 million from RM73.00 million in the same period last year.

Government's RPGT collection for properties disposed after 5 years hit RM81.5 mln as of August

KUALA LUMPUR, Nov 4 -- The government collected RM81.52 million in real property gains tax (RPGT) in the first eight months of this year from the disposal of properties held for more than five years, which involved 8,554 transactions.

Penang govt calls for RFP on development of resort in Batu Ferringhi

GEORGE TOWN, Nov 4  -- The state government has called for a Request for Proposal (RFP) for the development of a coastal resort and spa in Batu Ferringhi here.

No need to lower price threshold for foreign property purchases: Adly

MELAKA, Nov 4 -- There is no need for the state government to reduce the selling price threshold for foreign purchases of condominiums and apartments in Melaka from RM500,000 per unit to RM400,000 per unit, said Melaka Chief Minister Adly Zahari.

JPPH urged to find common ground to solve property market woes

KAJANG, Nov 4 -- The Valuation and Property Services Department (JPPH) has been urged to find common ground with related agencies in the effort to resolve the current problems in the property market.