Malaysia Budget 2013 on Property The Budget 2013 was presented by our Prime Minister yesterday and he has announced that a total allocation of RM251.6 billion will be available for next year. The 2013 Budget will focus on improving the quality of life of the rakyat, ensuring sustainable economic growth, spending prudently and reducing the […]
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KUALA LUMPUR, Nov 13 (Bernama) — Eighty-three of 167 housing projects abandoned since 2009 were revived as of end of October this year, said Housing and Local Government Minister Datuk Seri Chor Chee Heung. He said the success was due to the cooperation of various quarters including state governments, which benefitted 9,278 long-suffering buyers. “Sixty-two […]
The 1Malaysia People’s Housing (PR1MA) Bill 2011, tabled by Prime Minister Datuk Seri Najib Tun Razak at the Dewan Rakyat today, was described as a wise move by the government to help those in the middle-income category own homes. Housing and Local Government Minister Datuk Seri Chor Chee Heung said, according to the bill, a […]
Real property gains tax (RPGT) may be increased to curb speculation THE government is mulling the possibility of hiking the real property gains tax (RPGT) to rein in rising house prices and curb speculation in the market. This, said Urban Wellbeing, Housing and Local Government Minister Datuk Abdul Rahman Dahlan, was because the current […]