ZADC
gst
Too many schemes confuse house buyers, says HBA
BY Roznah Abdul Jabbar House buyers do not need a new scheme to aid them in owning a home as there are many existing schemes which are underutilised, said secretary general of National House Buyers Association (HBA) Chang Kim Loong. Responding to a recent news report on the expectation... Read more
Sunway property records higher revenue
Sunway Bhd’s property arm has recorded sales of RM613 million to date this year, an improvement on the RM478 million it registered for the same period last year. The group announced that unbilled sales for its property development division remain healthy at RM2.0 billion, providing good profit visibility for... Read more
Iskandar Malaysia rakes in over RM200bil
Iskandar Malaysia doubters now have reason to reassess their views as the latest numbers suggest that the special economic region is living up to its billing. Established in 2006 as the prime economic and development corridor in the southern region of the country, Iskandar has recorded RM208 billion in... Read more
New GST ruling a threat to market recovery
Industry professionals have voiced their concerns about a decision by The Royal Malaysian Customs director general to apply the Goods and Services Tax (GST) on the individual supply of commercial property, which they say could slow down the recovery of the property market. In particular, there is a major... Read more
Long road to recovery
  BY Chris Prasad Positive signs may be creeping into the market, but the path to recovery will be long and sluggish, say industry experts. While the market expects to see marginal improvements in sale transactions in the second half of this year, many property consultants predict that it... Read more
  If there is one word to describe the current market condition, it is “bewildering”. This was voiced by the past president of Malaysian Institute of Estate Agents, Siva Shanker, at the 2016 Malaysian Annual Real Estate Convention held in Connexion @ Nexus last week. Speaking on how to... Read more
LBS Bina Group Bhd proves its mettle amidst the down-cycle after achieving strong sales of more than RM1 billion worth of properties in 2015. The slowdown may have caused many developers to hold back on launches but LBS is expecting to sustain strong sales of RM1 billion to RM1.2... Read more
Rehda sees improved sentiments for 2H 2016
  BY Kent tan Some rays of hope are beginning to shine through the gloom permeating the current economic climate. The optimism was revealed in the Property Industry Survey 2H 2015 and Market Outlook for 2016 by the Real Estate and Housing Developers’ Association (Rehda). Held at the Sunway... Read more
No shying away from GST impact
By Dr Daniele Gambero Amidst the hue and cry, the Goods and Services Tax (GST) took off. Still in its infancy, the full impact has yet to be seen though some have started feeling the pinch and are beginning to tighten their belts. In the property market, developers are... Read more