News List

N. Sembilan gov't sets RM2 mln minimum property purchase price for foreigners

SEREMBAN, Oct 10 (Bernama) --  The Negeri Sembilan state government has made some changes to policy on minimum property purchase price for foreigners, setting it at RM2 million effective today.

PKNS offering 72 housing units at 'Dillenia', Bernam Jaya

Equipped with three-plus-one bedrooms and three bathrooms, the units have a large living area and double frontage, allowing maximum natural flow of air.

Hotel Tamu, Proof Malay Reserve Land Has Value

By Ainul Huda Mohamed Saaid

This is the fourth of a five-part series of articles on the outstanding issues pertaining to the development of Malay reserve land.

 

KUALA LUMPUR (Bernama) -- From where this writer was standing in Kampung Baru, the familiar Petronas Twin Towers dominated the city's skyline.

However, another new landmark located close to Masjid Jamek Kampung Baru also caught her eye – namely, the 42-storey Hotel Tamu & Suites.

Located at the junction between Jalan Raja Abdullah and Jalan Raja Alang in Kampung Baru, the hotel is certainly the pride of the residents of this settlement, which is about 118 years old and one of the few areas in Kuala Lumpur with land alienated as Malay reserve.

The four-star Hotel Tamu & Suites, which started operating in February, has 276 rooms and suites and it is reportedly attracting good response from Southeast Asian, Chinese, West Asian and European tourists.

 

HIGH VALUE

Located just two kilometres from KLCC, Hotel Tamu & Suites was developed by Zikay Group of Companies, a bumiputera company with business interests in the property development, construction, financial services, education and hospitality sectors.

Rehda expects some cost savings with SST waiver

KUALA LUMPUR, Oct 29 (Bernama) -- The Real Estate and Housing Developers’ Association Malaysia (Rehda) says it expects some savings in development cost following the government's move to exempt basic construction materials and construction services from the Sales and Services Tax (SST) in the effort to reduce house prices. 

Selangor Properties' proposes privatisation exercise

KUALA LUMPUR, Oct 25 (Bernama) -- Selangor Properties Bhd (SPB) has received a letter from its major shareholder, Kayin Holdings Sdn Bhd, requesting SPB to undertake a selective capital reduction and repayment exercise (proposed SCR) for RM622.27 million.

Pavilion Hotel KL Officially Opens Dec 1

KUALA LUMPUR, Oct 25 (Bernama) -- Pavilion Hotel Kuala Lumpur managed by Banyan Tree, the first property under the Pavilion Group, will officially open in the heart of the city on Dec 1, 2018.

Govt to consider allowing resale of affordable houses to first-time buyers

KUALA LUMPUR, Oct 31 (Bernama) -- The government will look into the proposal for the resale of affordable houses to be open to only those who are purchasing a house for the first time, the Dewan Rakyat was told.

Separate board for property managers creates overlapping functions - BOVEAP

KUALA LUMPUR, Nov 1 (Bernama) -- The Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVEAP) has asserted that there is no need to establish separate board for property managers as this would create overlapping functions.

RM1 billion fund for first house purchase - Lim

KUALA LUMPUR, Nov 2 (Bernama) -- Bank Negara will be setting up a RM1 billion fund to finance the first house purchase for those with monthly income not exceeding RM2,300.  

Govt to revise real property gains tax rates

However, low-cost, low-medium cost and affordable housing with prices below RM200,000 will be exempted from the tax.