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A Shanghai resident defrauded long-time friends of 700,000 yuan by changing locks on a vacant apartment and forging ownership documents. The man, with a prior fraud conviction, was sentenced to over a decade in prison.
Malaysia will exempt Service Tax on service charges and sinking fund contributions for non-residential buildings starting July 1, 2026, providing relief to property owners, businesses, and management bodies facing rising operational costs.
Malaysia faces a mounting property crisis as over 14,000 completed residential units worth RM2.77 billion sit unsold, exposing a dangerous gap between what developers build and what Malaysians can afford.