July 21, 2016 by iskandarinsider
PROPERTY transaction costs and taxation are becoming increasingly important considerations for investors. Global consultancy Knight Frank in its recently launched Global Tax Report developed jointly with Ernst & Young revealed that indicative property tax costs can range from as low as 3.5% or 3.6% of the property price in Monaco and Dubai, respectively, to over 30% in Sao Paulo.
To make comparisons of property taxes and costs in various countries, the analysts assumed that a non-resident investor has a sum of money (US$1 million or US$10 million) to invest in property overseas. The purchase, holding and disposal costs of owning a property over five years were then calculated.
The report analysed the costs that a foreign individual would have to bear when buying a US$1 million or US$10 million property as an investment, and renting it out over a five-year period.
Category Singapore | Tags: Asian, australia, Dubai, Ernst & Young Tax Consultants Sdn Bhd, Farah Rosley, hong kong, Knight Frank, Liam Bailey, malaysia, Marnix Van Rij, Monaco, Mumbai, Real Property Gains Tax, Shanghai, Sydney, UK
July 11, 2016 by iskandarinsider
KUALA LUMPUR: South Korea’s cosmetic firm Amorepacific Corporation plans to invest about US$170mil or RM691mil in Malaysia by setting up an integrated centre for research and development and manufacturing in Iskandar Puteri, Johor.
UEM Sunrise Bhd said on Wednesday its unit UEM Land Bhd had signed a sale and purchase agreement with Amorepacific for the sale of the 25.37-acre land within Southern Industrial and Logistics Clusters (SiLC) in Iskandar Puteri.
July 4, 2016 by iskandarinsider
JOHOR BAHRU: The government hopes to stop the outflow of doctors from the country by creating ample job opportunities in Iskandar Malaysia via a proposed medical hub.
State Health and Environment committee chairman Datuk Ayob Rahmat said that according to reports, a large number of Malaysian doctors were now practicing in Singapore.
“But now we are looking at the possibility of creating a medical hub in Iskandar and looking at creating a niche in at least five to six fields.
“Among some of the niche areas include being a hub for cancer, cardiology, urology, women and child healthcare centre,” he said after launching an Islamic digital radio at Hospital Sultan Ismail here on Sunday.
Category Johor Bahru, Singapore | Tags: Datuk Ayob Rahmat, Hospital Sultan Ismail, iskandar malaysia, Johor Mentri Besar Datuk Mohamed Khaled Nordin, Kampung Wak Salam, Muhammad Iskandar, Muhammad Iskandar Muhammad Syukri, Nur Jannah