#Latest News
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On 8th January 2019 (Tuesday), a Courtesy Call was initiated by Mr. Foo Gee Jen as a representative from PEPS, with Dr Sarah Azlina Che Rohim, Financial Intelligence and Enforcement Department (FIED) of Bank Negara Malaysia (BNM). The Courtesy Call with BNM discussed matters regarding on BNM’s Prevention of Anti-Money…
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#Latest News
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December 29, 2018 Top three challenges for the property market in 2019 1.    Controlling house prices — REHDA members will reduce house prices by 10% which is one way to liven up the property market. Sales and Service Tax (SST) exemptions could help reduce house prices by reducing the cost…
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#Latest News
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November 10, 2018 New townships being developed today are often not located in the most sought after locations for property buyers but as urbanisation gains pace, these townships will eventually become self-sustaining if they are well-planned for sustainability. Some of the first master-planned townships in once-distant parts of the Klang…
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#Latest News
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November 2, 2018 It would make more sense for the government to increase the Real Property Gains Tax (RPGT) rates within the first five years instead of imposing a 5% tax rate for Malaysian individuals after the fifth year, said the Association of Valuers, Property Managers, Estate Agents and Property…
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#Latest News
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November 2, 2018   The government’s move to increase the Real Property Gains Tax (RPGT) rate might send the wrong signal to the market, which is already “very soft” at the moment, and discourage foreign investments in the country, according to CBRE|WTW managing director Foo Gee Jen. In Budget 2019,…
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#Latest News
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October 30, 2018 It is inappropriate to introduce the inheritance tax now despite the need for the government to widen its tax base to raise revenue as its implementation will further dampen the property market, a real estate industry association said. The Association of Valuers, Property Managers, Estate Agents and…
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#Latest News
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October 21, 2018 The government should not implement new taxes on the real estate industry, especially counter-productive ones such as a vacancy tax, said the immediate past president of the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) Foo Gee Jen. Foo…
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#Latest News
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August 25, 2018 More than three months in, what has the government done right so far? What has it missed? More importantly, how should it move forward?  Focusing on the housing and property sector, EdgeProp.my garnered some feedback and suggestions from the ground. Representing the views of economists, property developers,…
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#Latest News
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August 14, 2018 The Sales and Services Tax (SST) which will take effect next month will not be applied to building materials – namely bricks, cement and sand – and construction services, a move that Finance Minister Lim Guan Eng said will hopefully address property affordability issues hindering home ownership in…
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July 25, 2018 While the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) president Foo Gee Jen believed the drafting a commercial development act and streamlining housing data by introducing a data input system are laudable, his concerns lie in their enforcement and…
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