3 July 2019: Johor highest property overhang; 1 million affordable homes by 2025

Johor’s property overhang in Q1 at RM36b, highest unsold category in service apartments Johor has a total of 51,400 units of properties estimated to be worth RM36 billion that were left unsold as at the first quarter of 2019, state

2 July 2019: MPs must declare assets; IJM revising The Light City; Sunway-PKNS mixed project in Kota D’sara

Dewan Rakyat passes special motion on asset declaration The Dewan Rakyat has approved a special motion for all members of parliament, senators as well as their immediate family members to declare their assets. The motion, the Code of Ethics for

1 July 2019: HOC extended to Dec; Sugar tax and plastic straw ban starts today

Home Ownership Campaign extended to Dec 31, 2020 The Home Ownership Campaign (HOC) has been extended until Dec 31, 2020. The campaign combines government incentives of stamp duty exemptions and at least 10% discounts on purchase prices from developers. Finance

28 June 2019: Gamuda Accepts Govt Toll Takeover Offer

Gamuda accepts govt’s offer to take over its toll concession companies Gamuda Bhd said its board of directors has deliberated and voted today to accept the government’s offer to acquire four highway concession companies linked to the group. “The board

Five Newsbytes to Start The Day – 27 June 2019

Lim: Highway acquisition will bring compensation savings of at least RM5.3b The government’s proposed RM6.2 billion acquisition of four highways in the Klang Valley through the issuance of bonds is a “win-win solution” as it will result in savings of

Five Newsbytes to Start The Day – 26 June 2019

Govt does not intend to impose inheritance tax in Budget 2020 The government has no intention of imposing new taxes in the upcoming 2020 Budget especially in regards to the inheritance tax, says Finance Minister Lim Guan Eng. “It is

Five Newsbytes to Start The Day – 25 June 2019

Property auctions and losing face Selling properties by private auction can sometimes offer better exposure, said the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector, Malaysia (PEPS). There is a difference between private and

Five Newsbytes to Start The Day – 24 June 2019

Govt offers RM6.2bil to buy Litrak and three other highway concessionaires The government has made a huge offer to take over Lingkaran Trans Kota Holdings Bhd (Litrak) and other three other toll concessionaires all linked to Gamuda Bhd. The government,

Five Newsbytes to Start The Day – 21 June 2019

Cement producers lost RM1b, insist cement price not linked to expensive housing Three of Malaysia’s biggest cement producers have been suffering losses close to RM1 billion over the past nine quarters, a cement group said today. The Cement and Concrete

Five Newsbytes to Start The Day – 20 June 2019

No increase in cement price Following a meeting with the Domestic Trade and Consumer Affairs Ministry, industry players have agreed to not increase cement prices. Minister Datuk Seri Saifuddin Nasution Ismail told reporters that the decision was reached following a