Category: Kuala Lumpur / Selangor Props
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FundMyhome, 20% ONLY and the 1 million affordable homes target
Own a property without bank loans and monthly payments to worry about? This is possible according to The Edge Media Group’s subsidiary EdgeProp Sdn Bhd. Full article here in Edgeprop.my It’s called FundMyHome.com and this new portal enables buyers to own a home by paying 20% of the property price, while the balance 80% of the cost of…
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Budget 2019: Property related items to encourage purchase among first-timers.
Let’s look at a few key items and the potential effects to the property market from my personal observation of the working people / first – time home buyers. This is the segment which the government intends to help. Measures to encourage purchase: #1 – 6-month stamp duty exemption for first time home buyers of…
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Hotspot or emerging hotspot? Both look fine to me.
I was conducting my usual Handling Objections Better workshop for another developer sales team today and this question popped up. Given a choice, would I buy into a hotspot or an emerging one? Actually, it really depends on what we intend to do with the property that we are buying. If we are looking at…
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Finance Minister says not too much for 10% discount from SST exemption
Time to rejoice for potential homeowners says an article in TheStar. Our Finance Minister Lim Guan Eng said, “We placed the exemption because we want to boost the real estate sector. We hope to see a fall in new house prices. Otherwise, we will consider re-imposing the SST (on developers).” He was speaking to reporters at…
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Savings from SST waiver, definitely. Plus rebates and discounts too.
Property prices, always a popular topic. Are there savings from the Sales and Service Tax (SST) which will be passed on to buyers of properties? At least future buyers of new properties for which the developer will start to enjoy the waiver by the Finance Ministry? After speaking to many property related people, I think…
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New taxes a worry or lacking of focus and direction?
There are definitely rumours that there will be new taxes in the upcoming Budget 2019 speech by our Finance Minister Lim Guan Eng. This was what he said on 9th Oct reported in TheStar. “Finance minister Lim Guan Eng today said new tax measures will be announced during the tabling of the upcoming Budget 2019…
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Tesco Malaysia is a property development company… too.
Tesco is Britain’s largest retailer. I used to patronize one particular one in Bristol city centre 20 years ago and was happy to revisit it when it came to Malaysia in 2001. Now a report in The Edge Malaysia says that Tesco Stores (M) Sdn Bhd plans to venture into property development. Here’s that article in…
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EUPE’s Novum@ South Bangsar and Parc 3. Visit them in Jom Cari Rumah 2018
[Sponsored] EUPE will be participating in upcoming weekend’s Jom Cari Rumah 2018 in Nu Sentral mall. It starts from 26 – 28th October 2018. They will showcase two projects; Novum @ South Bangsar and Parc 3 @ South Kuala Lumpur. Novum @ South Bangsar is at one of Kuala Lumpur’s most sought-after hot spots. It has…
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30,000 units of affordable homes in Selangor (below RM250k, in 5 years)
Selangorians needing an affordable home can now rejoice. As per an article in Edgeprop.my, Selangor Menteri Besar Amirudin Shari said that the state government aims to launch 30,000 units of affordable homes under its Rumah Selangorku housing scheme over the next five years. He said, “We are targeting 60% of these houses to be priced below…
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Transparent land transactions moving forward?
We can debate until the cow comes home (after one day of eating grasses) on some issues or we can decide to make things work transparently in the future. We are talking about land deals involving the Dewan Bandaraya Kuala Lumpur (DBKL) over the past few years. The total transactions numbered 97. The total plots…