News roundup: Malaysia Consumer Sentiment Study H1 2024 highlights, more property news

For PropertyGuru’s real estate news roundup, key highlights of PropertyGuru Malaysia Consumer Sentiment Study H1 2024. In other headlines, almost 57 percent of Hong Kong subdivided flat dwellers are unsure of the new waste tax scheme, and a helpful guide for Singaporeans on how to compute their property tax.

Malaysia Consumer Sentiment Study H1 2024

The latest PropertyGuru Malaysia Consumer Sentiment Study H1 2024 polled 1,075 respondents across Malaysia via an online questionnaire between 6th November 2023 and 5th December 2023.

The respondents comprise a mix of white-collar professional workers, businessmen, and more in the following income brackets: low-income (37%), middle-income (40%), and high-income (20%). The age groups of the respondents were divided into six categories: 22-29, 30-39, 40-49, 50-59, 60-69, and 70 years old & above.

PropertyGuru presents the key highlights, with homeownership aspiration remaining strong while Malaysian property seekers navigate economic uncertainties and rising interest rates.

Over 50% Hong Kong subdivided flat dwellers ‘uncertain’ about waste tax scheme, survey finds

A Hong Kong NGO survey found almost 57 percent of people living in subdivided flats had said they were “uncertain” about the details of a new pay-as-you-throw waste tax. The findings prompted authorities to postpone the citywide roll-out of the rubbish levy.

Previously slated for implementation on April 1, the municipal solid waste charging scheme will take effect in August, according to HKFP. Hong Kong’s environment minister announced in January its postponement, citing public concerns and a lack of understanding over the enforcement of the scheme.

Property Tax Singapore: Property Tax Calculator for HDB Flats and Private Properties (2024)

On 16 February 2024, as part of the Budget 2024 statement, Deputy Prime Minister and Minister of Finance Lawrence Wong announced that the property tax Annual Value (AV) bands for owner-occupied residential properties will be raised, effective January 2025.

Property tax, or wealth tax, is levied on property owners. However, many don’t know how to calculate these taxes as the property tax levied changes every year.

Here’s a helpful guide from PropertyGuru on the terms and the latest rates for those new to property taxes in Singapore.

The Property Report editors wrote this article. For more information, email: [email protected].