INDUSTRY NEWS (19 JANUARY 2021)
Malaysian construction sector’s outlook for first-half 2021 dampened
The termination of the Kuala Lumpur-Singapore high speed railway (KL-SG HSR) bilateral agreement, movement control order (MCO) 2.0 and the state of emergency declaration have dampened the construction sector’s catalyst-driven positive outlook for first-half 2021,
Worsening of the Covid-19 situation will derail property market recovery
Last year had been extremely challenging for the overall market, including real estate, due to the prolonged Covid-19 pandemic and it continues to disrupt lives, economies, and societies globally. Homebuyers and investors held on to their money due to the certainty in the market
RPGT exemption sees more secondary market transactions
The waiver of the real property gains tax (RPGT) has resulted in more secondary market transactions and new demand for sub-sale property, industry data showed. Recent statistics by Juwai IQI, Asia’s largest proptech group, indicates sub-sale activity in the secondary prop…
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