Industry News Update (9 May 2023)

FIABCI Malaysia: Indonesia’s new Nusantara capital touted as next economic hub

Indonesia’s planned city Nusantara is poised to become the next economic hub in the country, as highlighted by FIABCI Asia Pacific region president and special envoy for foreign affairs Rusmin Lawin at the International Real Estate Federation (FIABCI) Malaysia Morning Talk at Dewan Berjaya, Bukit Kiara earlier on Wednesday (May 3).

Housing market steady despite increase in OPR, says Juwai IQI

Global real estate technology group Juwai IQI believes that the housing market will remain robust with moderate price increases and demand continuing to grow, despite the rise in the overnight policy rate (OPR) by Bank Negara Malaysia (BNM) recently.

The REAL deal: Is Singapore property tax hike a boon for Malaysia?

Everyone who buys real estate in Singapore is subject to Buyer’s Stamp Duty (BSD). On top of this, for