mingcheanwp – Page 4

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bymingcheanwpFebruary 6, 2019July 4, 2024

Rise of RPGT and Stamp Duty rate in Malaysia – What to Expect?

Header Image from BNM Real Property Gains Tax, or RPGT, is a form of tax imposed on the disposal of properties and the rate differs according to the number of years the owner has held on to the property. Stamp duty, on the other hand, is another tax payable upon…

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bymingcheanwpFebruary 4, 2019July 4, 2024

The RM10 Million Property Deals of 2018

Featured Image from www.thestar.com.my 2018 saw some interesting transactions coming in, with price tags that shoots through the roof and beyond. This time, we’re going to dig our golden shovel into some of the most expensive transactions in Malaysia throughout 2018 across various sectors – from residentials to development lands. RESIDENTIAL…

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bymingcheanwpFebruary 4, 2019July 4, 2024

NEWS: Discounts for homebuyers in 2019 property expo

Featured image from MAPEX Facebook It’s probably a good time to break the piggy bank (in this prosperous Year of the Pig!) for a house downpayment this year; as great savings for homebuyers will be introduced under Malaysia’s new Home Ownership Campaign – happening on 1st to 3rd March 2019. The…

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bymingcheanwpJanuary 24, 2019July 4, 2024

Congratulations Sr Ahmad Zailan, New President of BOVAEP

On 22nd January 2019, PEPS Executive Committee organized a courtesy visit to the Board (BOVAEP) to congratulate the new president, Sr Ahmad Zailan. The dialogue started off with an opening speech by the new President. One of the issues brought up for discussion was the Property Manager window registration period…

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bymingcheanwpJanuary 16, 2019July 4, 2024

Anti-Money Laundering & Counter Terrorism Financing

On 8th January 2019 (Tuesday), a Courtesy Call was initiated by Mr. Foo Gee Jen as a representative from PEPS, with Dr Sarah Azlina Che Rohim, Financial Intelligence and Enforcement Department (FIED) of Bank Negara Malaysia (BNM). The Courtesy Call with BNM discussed matters regarding on BNM’s Prevention of Anti-Money…

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bymingcheanwpDecember 29, 2018July 4, 2024

Challenging 2018, hopeful 2019

December 29, 2018 Top three challenges for the property market in 2019 1. Controlling house prices — REHDA members will reduce house prices by 10% which is one way to liven up the property market. Sales and Service Tax (SST) exemptions could help reduce house prices by reducing the cost…

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bymingcheanwpNovember 10, 2018July 4, 2024

New townships are redefining location

November 10, 2018 New townships being developed today are often not located in the most sought after locations for property buyers but as urbanisation gains pace, these townships will eventually become self-sustaining if they are well-planned for sustainability. Some of the first master-planned townships in once-distant parts of the Klang…

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bymingcheanwpNovember 2, 2018July 4, 2024

Budget 2019: Increase RPGT rates within first 5 years would make more sense, says PEPS

November 2, 2018 It would make more sense for the government to increase the Real Property Gains Tax (RPGT) rates within the first five years instead of imposing a 5% tax rate for Malaysian individuals after the fifth year, said the Association of Valuers, Property Managers, Estate Agents and Property…

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bymingcheanwpNovember 2, 2018July 4, 2024

Budget 2019: RPGT hike could discourage foreign property buyers, says CBRE|WTW

November 2, 2018 The government’s move to increase the Real Property Gains Tax (RPGT) rate might send the wrong signal to the market, which is already “very soft” at the moment, and discourage foreign investments in the country, according to CBRE|WTW managing director Foo Gee Jen. In Budget 2019,…

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bymingcheanwpOctober 30, 2018July 4, 2024

Inheritance Tax may further dampen property market — PEPS

October 30, 2018 It is inappropriate to introduce the inheritance tax now despite the need for the government to widen its tax base to raise revenue as its implementation will further dampen the property market, a real estate industry association said. The Association of Valuers, Property Managers, Estate Agents and…

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