PETALING JAYA, 4 October: The Malaysian Trade Union Congress (MTUC) has urged the government to introduce a better scheme to reduce the burden of house buyers in Budget 2017. Its secretary-general N. Gopal Krishnam said the rakyat are still experiencing difficulties in owning a house. “As such, MTUC hopes that the federal government will introduce home … Read more
Developers are offering creative financing packages to attract potential home buyers, given the sluggish property market and the stringent criteria of banks in granting housing loans. “The market was still flat in the first quarter, with some developers delaying their launches. They are trying to move whatever stock that is still available, and we have … Read more
The UK government’s plan to raise sales taxes on second homes in Britain will also cover buyers living abroad, reported Bloomberg. In November, UK Chancellor of the Exchequer, George Osborne, said buyers of second homes as well as buy-to-let properties within the UK will have to pay stamp-duty sales tax that is three percentage points higher … Read more