FREE MALAYSIA TODAY. 22ND JULY: Selangor caretaker menteri besar Amirudin Shari says he will focus on the housing areas built in the 1970s and 1980s if given the mandate again. Selangor caretaker menteri besar Amirudin Shari has plans to redevelop the low-cost housing in Ulu Kelang if Pakatan Harapan (PH) and Barisan Nasional (BN) are given […]
PENANG PROPERTY TALK. 20TH JULY: The recent hike in conveyancing legal fees will lead to an overall rise in the cost of purchasing a house, according to the Real Estate and Housing Developers’ Association Malaysia (Rehda). Rehda president Datuk NK Tong said the higher fees will result in buyers having to bear the increased cost […]
FREE MALAYSIA TODAY. 21ST JULY: Vacancy tax will discourage speculative activity and prevent oversupply of property, says researcher. Unsold units have blighted the nation’s property sector for many years, with blame for the glut of unwanted properties in the market attributed – rightly or wrongly – to developers who, swayed by the latest trends, build with […]
THE MALAYSIAN RESERVE. 20TH JULY: Developers redesign common areas and public spaces to align with potential buyers’ changing lifestyle preferences The demand for commercial properties has experienced fluctuations in response to economic conditions and evolving business needs, particularly in the wake of Covid-19. Developers have recognised the potential to repurpose and reinvent these commercial spaces to meet […]
THE MALAYSIAN RESERVE. 19TH JULY: The government’s move to expand the affordable housing programme in the federal capital is seen as providing more opportunities for home ownership, especially among the young generation. A senior lecturer in Real Estate, Faculty of Built Environment and Surveying, Universiti Teknologi Malaysia, Dr Shazmin Shareena Ab Azis said home ownership is important […]
PROPERTY GURU. 18TH JULY: The Malaysian government is seeking proposals from local and international firms for the development of the high-speed rail (HSR) project between Kuala Lumpur and Singapore. Meanwhile, legal fees for conveyancing transactions within Peninsular Malaysia has increased, following a revision in the Solicitors’ Remuneration Order (SRO) to allow lawyers to cope with […]
NEW STRAITS TIMES. 20TH JULY: Home ownership in Malaysia is low because of the high value of properties. This includes the price of all sorts of houses in urban areas, said Dr. Shazmin Shareena Ab Azis, a senior lecturer in real estate at the Faculty of Built Environment and Surveying, Universiti Teknologi Malaysia. He said […]
EDGEPROP. 17TH JULY: The commission said the imposition of fixed conveyancing fees is inconsistent with the fact that litigation fees in Malaysia do not follow fixed rates. “Furthermore, MyCC is of the opinion that the action taken by the Bar Council seems to contradict the government’s efforts to enhance housing affordability of the citizens.” “MyCC […]
THE MALAYSIAN RESERVE. 17TH JULY: Developers should consider consumers’ needs and current trends, to ensure the location, amenities and unit size are attractive to Malaysians The growth of the Malaysian property market looks optimistic this year, despite the projection of slightly lower economic growth due to uncertainties in the external environment, says Deputy Finance Minister II Steven […]
EDGEPROP. 17TH JULY: Deputy Minister, Akmal Nasrullah Mohd Nasir, said that previously, the ceiling price set for repairing a house was RM15,000, but now it will be increased by another RM5,000. He said that additional ceiling prices were also given for the construction of new houses in the urban area via the same programme, from […]