Government to Reconsider Compulsory Broadband Facilities
Petaling Jaya, 9 March 2010
Referring to the recent announcement made by the Deputy Prime Minister, Tan Sri Muhyiddin Yassin to amend the existing law under the Uniform Building By – Law 1984 requiring the provision of broadband facilities at all new commercial and residential areas, the Real Estate and Housing Developers’ Association Malaysia (REHDA) lauds the government’s decision as the move will help tremendously in the advancement of IT.
Government to Review the Threshold for Foreign Property Acquisition
Petaling Jaya, 15 January 2010
Following the announcement made by the Economic Planning Unit (EPU) on the new FIC guideline which came into effect on 1 January 2010, President of REHDA Malaysia, Datuk Ng Seing Liong, JP expressed his concern that the new FIC Guideline which have increased the minimum price for residential property acquisition by foreigners to RM500,000 and above will only deter foreign investment into the country.
REHDA Welcomes the Amendment to RPGT
Petaling Jaya, 24 December 2009
The Real Estate and Housing Developers’ Association Malaysia (REHDA) lauds the Government’s decision announced by the Prime Minister to amend the Real Property Gains Tax (RPGT). The re-imposition of RPGT effective next year, which was announced during the tabling of Budget 2010 will now only be applicable to properties disposed within five years of ownership.
Joint Memorandum Of Appeal To The Government Of Malaysia Not To Reinstate The Real Property Gains Tax From 1st January 2010
17 December 2009
We, the under-signed, representing affected stake-holders from the broad spectrum of the property industry encompassing developers, contractors, builders, industrialists, consultants, house-buyers and property investors wish to hereto submit our joint memorandum and petition to the Government of Malaysia to review and withdraw the proposed re-imposition of the Real Property Gains Tax effective as from 1st January 2010.
Budget 2010
23 October 2009, Petaling Jaya
Real Estate and Housing Developers’ Association Malaysia (REHDA) President, Datuk Ng Seing Liong welcomes the various incentives and measures announced in Budget 2010 to further promote home ownership in the housing sector
Liberalization of Legal Fees The Way To Go
12 October 2009, Petaling Jaya
The Real Estate and Housing Developers’ Association Malaysia (REHDA) would like to bring to the attention of the Government and the Malaysian Bar Council that with effect from 1 October 2009, Singapore has liberalized its fee guidelines for the conveyance of property titles and REHDA feels that this is a step in the right direction.
