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New developments to share

Daydreamer

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Loyal
Govt to double real property gains tax to rein in house prices

KOTA KINABALU: The government will double the real property gains tax (RPGT) from the current 15% as a last resort to rein in house prices nationwide, Urban Wellbeing, Housing and Local Government Minister Datuk Abdul Rahman Dahlan said.

He said any decision towards this direction would however be done after detailed discussions with Bank Negara.

“We will impose the increase if it is found to be really needed,” said Rahman, the Kota Belud MP, after breaking fast with Taun Gusi villagers in the northern district on Sunday.

He said the government had at one time fixed the RPGT at 30% and those who bought and sold a property within two years were required to pay a tax of that amount.

Rahman said any increase in the RPGT would help control speculators who were contributing to the steep hikes in property prices.

“It is obvious this is happening when you see a newly launched housing project sold out but there are numerous advertisements for the units when construction is completed,” he noted.

Rahman said his ministry was organising a one-day workshop after Hari Raya to formulate ways to keep house prices in check.

Silence the flippers? Typical Malaysian just talk not action.
 

tutucake

Alfrescian
Loyal
Perhaps a silly question, does it affects those who have signed the S&P before the new ruling gets implemented?


Govt to double real property gains tax to rein in house prices

KOTA KINABALU: The government will double the real property gains tax (RPGT) from the current 15% as a last resort to rein in house prices nationwide, Urban Wellbeing, Housing and Local Government Minister Datuk Abdul Rahman Dahlan said.

He said any decision towards this direction would however be done after detailed discussions with Bank Negara.

“We will impose the increase if it is found to be really needed,” said Rahman, the Kota Belud MP, after breaking fast with Taun Gusi villagers in the northern district on Sunday.

He said the government had at one time fixed the RPGT at 30% and those who bought and sold a property within two years were required to pay a tax of that amount.

Rahman said any increase in the RPGT would help control speculators who were contributing to the steep hikes in property prices.

“It is obvious this is happening when you see a newly launched housing project sold out but there are numerous advertisements for the units when construction is completed,” he noted.

Rahman said his ministry was organising a one-day workshop after Hari Raya to formulate ways to keep house prices in check.
 

gooddebt

Alfrescian
Loyal
Base on your theory, Enron, Lehman, Pan electric etc should be around today.

When corporation screw people , they do it big time. And you haven't seen the worst yet.

The difference between Enron etc and CG is that the former have strong possibility of hiding their deeds and not be discovered or so they thot. For CG, any defects will be glaringly obvious . No where to hide as pple will be staying in the units everyday.
 

DCputeri

Alfrescian
Loyal
Do you think something is brewing from this news:

SINGAPORE — The possibility of a centralised bus terminal here in Singapore for Singapore-Malaysia express bus services is looking slim, even though some progress has been made across the Causeway. Express Bus Agencies Association(EBAA), which represents 30 companies, told TODAY that a new centralised bus terminal, which it has invested in, is near completion at Gelang Patah in Johor.

The difference between Enron etc and CG is that the former have strong possibility of hiding their deeds and not be discovered or so they thot. For CG, any defects will be glaringly obvious . No where to hide as pple will be staying in the units everyday.
 

Valdez

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Loyal
Foreign property investors returning

image.jpg
Edward Tham taking his daughter Sarah’s photo for a contest at one of the exhibition booths during the property fair.
GEORGE TOWN: The number of foreigners coming to Malaysia to invest in properties is expected to increase this year by double-digit percentage.

Property Talk International Sdn Bhd managing director Steven Cheah said this was because the general election was over and foreign investors were now more certain of the direction of the country.

“The three hotspots in the country are Kuala Lumpur, Iskandar in Johor and Penang.

“Towards the end of last year there was little interest shown by foreigners in Malaysian properties due to the uncertainty of the 13th general election.

“But after the elections in May, developers and real estate agents in the country are getting enquiries and commitments to purchase their properties,” he said.

Cheah said there was increasing attention from China, Singapore and Indonesia.

“Singaporeans are more interested in buying pre-war houses located in Penang and Malacca.

“The investors from China and Indonesia are more interested in condominiums with sea view and round-the-clock security.

“Malaysians overseas tend to look for landed properties in Penang and Kuala Lumpur,” he said during The Star Property Fair here yesterday.

Cheah said as a result in the interest shown in pre-war properties, the pricing of such heritage houses had increased by about 50% compared to two years ago.

On the RM200mil Platinum III condominium scheme in Teluk Kumbar, Cheah said the project, comprising 357 units with built-up areas of 1,230sq ft and 1,330sq ft, was priced at RM380 per sq ft.

“Since the launch of the showroom early this month, we have sold more than 60% of Platinum,” he said.

Platinum III by TPPT Sdn Bhd is part of the Teluk Kumbar Heights project located on a 70-acre site in the south-west district.
 

shctaw

Alfrescian (Inf)
Asset
Hope you can get some clue from this map. :wink:

im-07.jpg

Do you think something is brewing from this news:

SINGAPORE — The possibility of a centralised bus terminal here in Singapore for Singapore-Malaysia express bus services is looking slim, even though some progress has been made across the Causeway. Express Bus Agencies Association(EBAA), which represents 30 companies, told TODAY that a new centralised bus terminal, which it has invested in, is near completion at Gelang Patah in Johor.
 

jasonjst

Alfrescian
Loyal
Foreign property investors returning

View attachment 11355
Edward Tham taking his daughter Sarah’s photo for a contest at one of the exhibition booths during the property fair.
GEORGE TOWN: The number of foreigners coming to Malaysia to invest in properties is expected to increase this year by double-digit percentage.

Property Talk International Sdn Bhd managing director Steven Cheah said this was because the general election was over and foreign investors were now more certain of the direction of the country.

“The three hotspots in the country are Kuala Lumpur, Iskandar in Johor and Penang.

“Towards the end of last year there was little interest shown by foreigners in Malaysian properties due to the uncertainty of the 13th general election.

“But after the elections in May, developers and real estate agents in the country are getting enquiries and commitments to purchase their properties,” he said.

Cheah said there was increasing attention from China, Singapore and Indonesia.

“Singaporeans are more interested in buying pre-war houses located in Penang and Malacca.

“The investors from China and Indonesia are more interested in condominiums with sea view and round-the-clock security.

“Malaysians overseas tend to look for landed properties in Penang and Kuala Lumpur,” he said during The Star Property Fair here yesterday.

Cheah said as a result in the interest shown in pre-war properties, the pricing of such heritage houses had increased by about 50% compared to two years ago.

On the RM200mil Platinum III condominium scheme in Teluk Kumbar, Cheah said the project, comprising 357 units with built-up areas of 1,230sq ft and 1,330sq ft, was priced at RM380 per sq ft.

“Since the launch of the showroom early this month, we have sold more than 60% of Platinum,” he said.

Platinum III by TPPT Sdn Bhd is part of the Teluk Kumbar Heights project located on a 70-acre site in the south-west district.

China and Indo investors must be thinking JB market is same as Singapore , China , Jakarta where condos can easily rent out with at least 5 to 6% yield . They might not know that in JB , so hard to find tentants , good luck to them.
 

graveyard

Alfrescian
Loyal
Foreign property investors returning

View attachment 11355
Edward Tham taking his daughter Sarah’s photo for a contest at one of the exhibition booths during the property fair.
GEORGE TOWN: The number of foreigners coming to Malaysia to invest in properties is expected to increase this year by double-digit percentage.

Property Talk International Sdn Bhd managing director Steven Cheah said this was because the general election was over and foreign investors were now more certain of the direction of the country.

“The three hotspots in the country are Kuala Lumpur, Iskandar in Johor and Penang.

“Towards the end of last year there was little interest shown by foreigners in Malaysian properties due to the uncertainty of the 13th general election.

“But after the elections in May, developers and real estate agents in the country are getting enquiries and commitments to purchase their properties,” he said.

Cheah said there was increasing attention from China, Singapore and Indonesia.

“Singaporeans are more interested in buying pre-war houses located in Penang and Malacca.

“The investors from China and Indonesia are more interested in condominiums with sea view and round-the-clock security.

“Malaysians overseas tend to look for landed properties in Penang and Kuala Lumpur,” he said during The Star Property Fair here yesterday.

Cheah said as a result in the interest shown in pre-war properties, the pricing of such heritage houses had increased by about 50% compared to two years ago.

On the RM200mil Platinum III condominium scheme in Teluk Kumbar, Cheah said the project, comprising 357 units with built-up areas of 1,230sq ft and 1,330sq ft, was priced at RM380 per sq ft.

“Since the launch of the showroom early this month, we have sold more than 60% of Platinum,” he said.

Platinum III by TPPT Sdn Bhd is part of the Teluk Kumbar Heights project located on a 70-acre site in the south-west district.

Sporeans more interested in pre-war houses in Penang and Malacca? Really???? This is something very new to me
 

alleyboy

Alfrescian
Loyal
China and Indo investors must be thinking JB market is same as Singapore , China , Jakarta where condos can easily rent out with at least 5 to 6% yield . They might not know that in JB , so hard to find tentants , good luck to them.

So long PRC dont go for landed and not my neighbours, i very happy.

Heng aaaahh.
 

jasonjst

Alfrescian
Loyal
Sporeans more interested in pre-war houses in Penang and Malacca? Really???? This is something very new to me

There was a documentary show on Singaporean buying pre-war houses at low price in Malacca and convert it into cafe , guest house . Need to throw in lot of money hor ! Might be a good investment if you know how to spot a good location at cheap price and setup a fessible business . Mostly near those unessco site , tourist site should work well .
 

Mingchye

Alfrescian
Loyal
The current terminal is quite a distance from the new terminal. The new terminal, GP Sentral, situated along Jalan Gelang Patah-Kampong Ulu Choh. The "GP Sentral" (red color) already up. location 1.479128,103.582964. nearest taman should be Setia Eco Gardens.

No wonder I saw new buildings and GP Sentral being built while heading towards Uncle Lim's Durian Farm on route to Pontian and bypassing the route to Setia Eco Gdn.

Near the junction of J7 and route 5, next to Nusa Bayu.
 
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Valdez

Alfrescian
Loyal
Jet star flying to senai?

Johor confident of tripling amount of tourist from China

JOHOR BARU: Johor government is confident of tripling the amount of tourists from China by working closely with Jetstar Airways.

State tourism executive committee chairman Datuk Tee Siew Kiong said on Monday that Johor has a lot of potential in attracting foreign tourist to come here.

He added that China is Johor third largest market after Singapore and Indonesia.

"The state government together with Jetstar Airways would help each other to get tourists from China to come here," he said.
 
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