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Bank Negara maintains overnight policy rate at 3%

Bank Negara maintains overnight policy rate at 3%

KUALA LUMPUR Bank Negara Malaysia (BNM) maintained the overnight policy rate (OPR) at 3% at its Monetary Policy Committee (MPC) meeting on Thursday.

It said inflation in the first quarter ended March 31 remained low at 1.5%. "While inflation is expected to continue to rise during the year, it is projected to remain modest. Domestic supply and cost factors are expected to contribute to higher prices," it said.

BNM said the MPC considered the current stance of monetary policy to be appropriate given the outlook for inflation and growth.

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Property Legal Fees Calculation

Property Legal Fees Calculation

CALCULATION METHOD (LEGAL FEES)

The Legal Fee Calculator for a standard Sale & Purchase Agreement is based on solicitors' remuneration order 2005. The scale fees are as follow:

Consideration or Adjudicated Value Scale of Fees
For the first RM150,000 1.0% (subject to a minimum fee of RM300)
For the next RM850,000 0.7%
For the next RM2,000,000 0.6%
For the next RM2,000,000 0.5%
For the next RM2,500,000 0.4%
Where the consideration or adjudicated value is in excess of RM 7,500,000 Negotiable on the excess
(but shall not exceed 0.4% of such excess)


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Sales Roadshow

Meet Property Strategist Guru Roger Lim

Come find us at the roadshows! Selling off the last few units! Be sure to grab a unit of yours before it is too late!
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Real Property Gains Tax (RPGT) in Malaysia

Real Property Gains Tax

Under the recent Budget 2013 announcement, the Malaysian Government has proposed a 5% increase to the current RPGT rates to further curb speculative activities in the local real property market. With effect from 1 January 2013, the revised RPGT rates for the disposal of real property and shares in real property companies will be as follows:

Holding Period RPGT Rates
Companies Individual (Citizen & PR) Individual (Non-Citizen)
Up to 2 years 15% 15% 15%
Exceeding 2 until 5 years 10% 10% 10%
Exceeding 5 years 0% 0% 0%

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A New Generation. Strategist Property Guru.

Meet Property Strategist Guru Roger Lim

Meet Roger Lim, the creator and brain behind EBIC Holdings Sdn Bhd, a fresh and vibrant property developer set to shake the property development industry in this nation. Recently, Top 10 of Malaysia speaks with this talented and successful strategist as he shares from his heart about the property business he is in.

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  4. BNM maintain OPR unchanged at 3%
  5. Monetary Policy Statement by MPC at Bank Negara Malaysia