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Discover How To Buy Your Property With Just Under RM1,000 And Make RM20,000 to RM60,000 A Year

To own our own home is viewed by society as one of the key milestones of being successful. Hence, we will almost always buy a property for our own stay first.

However, with the rising home prices and the fact that our salary or income is still at the level it was 10 years ago, owning a home continue to be a big challenge to many people.

Therefore, to be a smart property investor, you need to have the right strategy or methodology. Read more

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Penang gets nod to develop islands

GEORGE TOWN: The state government has secured approval for the Environmental Impact Assessment (EIA) report of the Penang South Reclamation (PSR) scheme near Teluk Kumbar.

It is learnt that the Energy, Science, Technology, Environment and Climate Change Ministry has given the green light, paving the way for the three man-made islands totalling 1,800ha to take shape off the southern coast of the island.The report incorporates 23 conditions proposed by the relevant government agencies and non-governmental organisations. It is prepared by project delivery partner SRS Consortium.

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Hong Kong folk do not mind living with ghosts, as long as they get a cheaper home

KUALA LUMPUR (June 25): Try selling a home in Malaysia which is supposed to be haunted or was the site of a gruesome death. Best of luck to you.

But in Hong Kong, many of people here do not mind living with “spirits” if they get a price discount on the property price.

According to a report by the South China Morning Post (SCMP), a survey by the Hong Kong Squarefoot online property portal showed that the many people in this ex-British territory said “they would consider living in a home which hides a tragic past” if the price was right.

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Property overhang can be resolved if MM2H is less stringent

KUALA LUMPUR: One way to resolve the property overhang is to stop being so strict over Malaysia My Second Home (MM2H) applications from Chinese nationals, said a developer.

I understand that we are more stringent on the MM2H applications for the mainland Chinese,” said TA Global Bhds non-independent and non-executive director Datin Alicia Tiah said at a press conference after its AGM yesterday.

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Home Ownership Campaign (HOC) 2019 extended by another 6 months! Here’s what homebuyers should know

Malaysians who are looking to buy a new residential property have until 31 December 2019 to take advantage of special property deals and purchase exemptions under the nation-wide campaign. 

At the risk of sounding like a broken record, it is a wide-known fact that many young working adults in Malaysia are struggling to afford a residential property as they are priced way above the market. Homes are getting more expensive, especially in urban areas and the growth in household incomes is dismal, to say the least.

Thus, it is hardly surprising that there is a stunning amount of new-launch property units being left unsold. According to the Malaysian Property Market 2018 Report, which was recently released by the National Property Information Centre (NAPIC), the number of overhang units in 2018 rose by 30.7% to 32,313 units from the previous year.

‘Overhang property’ is defined as a completed residential unit which has remained unsold or has been on the market for at least nine months.

In light of this situation, the government has introduced the Home Ownership Campaign (HOC) 2019, which was unveiled earlier this year as one of the housing initiatives under Budget 2019. The campaign was originally supposed to end on 30 June.

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MAHB to proceed with Penang International Airport expansion plan

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) is ready to proceed with its plan to expand the Penang International Airport after getting the approval from the Ministry of Finance.

Group chief executive officer Raja Azmi Raja Nazuddin said MAHB has been working on the expansion project over the past two years, bringing in consultants to draw up detailed construction plans after engaging with the Ministry of Transport (MoT), Malaysian Aviation Commission (MAVCOM) and the Penang state government, including Chief Minister Chow Kon Yeow. Read more

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Finance minister: Household debt down, banks please lend to new homebuyers

Malaysia’s Finance Minister Lim Guan Eng wants banks to provide greater access to financing to first-time homebuyers, as well as to small and medium enterprises (SMEs) considering the fact that the country’s household debt as a ratio to gross domestic product (GDP) has fallen to 83% in 2018 from 83.8% in 2017.

In a statement today, Lim said consumers have more room now to borrow for wealth accumulation purposes, either in saving schemes, or for non-speculative investments including acquisition of long-term assets. Read more

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Stamp duty exemption for HOC first-time homebuyers extended for 6 months until Dec 31

KUALA LUMPUR: Putrajaya as agreed to extend the Home Ownership Campaign (HOC) for another six months from July 1, 2019 until Dec 31, 2019, the Minister of Finance Lim Guan Eng announced in a statement today.

This means that the stamp duty exemption for HOC first-time homebuyers has also been extended to the same period.

“The Finance Ministry has accepted the KPKT Minister, YB Puan Hajah Zuraida Kamaruddin’s, request in support of REHDA’s (Real Estate and Housing Developers’ Association) appeal to extend the HOC period for another six months,” Lim said in the statement. Read more

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Penang bags RM8.8b investments in first quarter of 2019

GEORGE TOWN — Penang recorded RM8.8 billion in total investments for the first three months of the year, Chief Minister Chow Kon Yeow announced today.

Quoting figures from the Malaysian Investment Development Authority (Mida), he said Penang secured 41 projects or 35 per cent of total approved investment in the country for the period.

“Penang’s achievement of RM8.85 billion in the first quarter of 2019 has already surpassed 2018’s full-year investment amount of RM5.78 billion,” he said in a press conference in his office today. Read more

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Malaysians spend more time looking at properties than going to the gym or reading

Malaysia is the most property obsessed country in the Southeast Asia and ranked at fourth place globally after the United Arab Emirates, the United States and Taiwan, according to HSBC Malaysia.

“Malaysians spend longer time viewing property than they do keeping fit at the gym, reading books, or reading and watching the news,” said country head for retail banking and wealth management Tara Latini. Read more