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interest rate
Malaysian economy and BNM

Interest rate is up yeah. PAY higher and EARN higher. Good or bad?

There are two sides to a coin. Well, it’s the same as interest rate too. When it goes up, people who has fixed deposits will rejoice because they will earn a higher return on their savings. Well, at the same time, these same people will also have to pay higher loan repayments because the interest rate has risen. Perhaps the worst would be people without savings who could not earn a higher return but has to start paying higher monthly repayments every month. That’s not too good.

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maintenance fees
Kuala Lumpur / Selangor Props

100% stamp duty exemption for first-time homebuyers

Yes, this is definitely good news for many potential homebuyers. Not sure how many first time homebuyers were waiting for this extra savings when they buy their very first property. This was just announced by Prime Minister Datuk Seri Ismail Sabri Yaakob yesterday. Please note that this is only for properties priced RM500,000 and below only. Meanwhile if the property is between RM500,001 and RM1,000,000 then they will get 50% off their stamp duty. This will be valid until December 2023.

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internet cities

Internet cities? What’s that, really?

We have the internet which continues to have an explosive growth in users and penetration. We also have property development where many are being pitched as self-sustaining new townships where people could work, play, grow and even have fun without the need to drive to the city centre everyday. Now there’s this new term called Internet Cities which I read for the first time. It’s something which Iskandar Waterfront Holdings Sdn Bhd (IWH) and Catch Group Sdn Bhd is exploring together.

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US / Dollar related

China’s GDP will surpass the U.S. by when?

China’s a very important trading partner to Malaysia and ASEAN too. In fact, ability to speak Mandarin is likely to be a great booster today because China is already the world’s second largest economy and in terms of actual comparison, China’s economy is bigger than the economy of Germany plus the UK plus India plus Japan and… more. That’s the size of China’s economy yeah. Do take a look at the chart below.

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IOI City mall

IOI City Mall set to be the largest mall in Malaysia, with its Phase II opening in August 2022

Putrajaya – The most anticipated moment is finally here! IOI City Mall Phase II will be opening its doors for patronage on 25 August 2022. Strategically located at IOI Resort City, it enjoys a potential population catchment of 3.1 million from nearby townships in southern Klang Valley, namely Putrajaya, Cyberjaya, Kajang, Bangi, Sepang, Puchong and Seri Kembangan. Furthermore, it is approximately a 30-minute drive from the Kuala Lumpur International Airport (KLIA), making it an attractive retail and entertainment hub.

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Press Releases (developers and more)

Glomac Berhad – Higher Net Profit Of RM41 Million in FY2022

Glomac Berhad (“Glomac” or “the Group”) today announced unaudited results for the fourth quarter of its financial year ended 30 April 2022 (“4Q FY2022”). For the quarter under review, the Group’s profit before tax rose 17% to RM25.1 million, on the back of a revenue of RM73.6 million. For the full financial year, the Group achieved revenue of RM259.5 million, with profit before tax of RM57.5 million. Performance was impacted by the pandemic lockdowns in CY2021, but profitability was partly lifted by cost saving initiatives implemented during the financial year.

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Press Releases (developers and more)

Bandar Alam Suria, The Holistic Living Experience

The emergence of Puncak Alam from a quaint area into prominence has always been a great achievement that marvelled property buyers and investors alike. It is an unspoken testament of IJM Land’s skill and expertise at developing prime lands into flourishing townships, being the pioneer town maker for over two decades, since 2001.

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