MALAYSIAKINI. 3RD JULY: The name used for the Malaysian Housing Development Act (HDA118) is a misnomer as the law is not about managing property development. Property development is governed by other laws under local councils and various other state laws. HDA118 is focused on the sale process of housing products. It has to be regulated because: […]
THE SUN DAILY. 4TH JULY: A new study has found that Malaysia ranks fourth among the most affordable places to live in from 29 countries surveyed. Economist Dr Yeah Kim Leng said the Utility Bidder UK affordability index is based on the average cost of electricity, gas and housing benchmarked to income levels for cross-country comparisons. […]
EDGEPROP. 3RD JULY: A home is not just a brick-and-mortar product that offers shelter. Rather, a home is about livability; a sustainable sanctuary one is proud of. Unfortunately, with rare exceptions, social housing in the country’s urban areas have become prime examples of very poorly maintained buildings. If left unchecked, these eyesores could end up being […]
NEW STRAITS TIMES. 4TH JULY: An all-encompassing strategy is required in addition to efforts to raise people’s income over the long term to effectively close the affordable housing gap in Malaysia. Housing affordability is an issue that affects major cities worldwide, in both emerging and developed economies. The two main factors are increased income growth and […]
EDGEPROP. 29TH JUNE: To ensure that only those eligible and in need get to stay in the PPR units. The Sabah Local Government and Housing Ministry and the Housing and Urban Development Board (LPPB) will carry out a legalisation process of People’s Housing Programme (PPR) units to verify the eligibility status of their tenants. Sabah Deputy Chief Minister II […]
DAILY EXPRESS. 29TH JUNE: The recent circular by Sabah Housing and Urban Development Authority (LPPB) ordering tenants who have stayed in People’s Housing Programme (PPR) houses exceeding the 10-year period to vacate only applies to those who have lost the eligibility to continue occupying such homes. Deputy Chief Minister II cum Local Government and Housing Minister Datuk […]
YAHOO! NEWS. 28TH JUNE: Sime Darby Property Berhad (“Sime Darby Property” or “Company”) is championing affordable homeownership in Malaysia with the launch of Servis Apartmen Mampu Milik (“SAMM”) homes at Serasi Residences in the fast-developing Putra Heights township. Replicating the earlier outstanding reception of Tower One Open Market units, the SAMM homes were unveiled at a […]
FREE MALAYSIA TODAY. 29TH JUNE: Planning with facts and figures can guide stakeholders to prevent oversupply and overhang, says Urbanmetry CEO Cha-Ly Koh. Lack of decision-making based on actionable data has contributed to overhang and vacancy issues in Malaysia’s property market, said a property market observer. “Every stakeholder has a different view and motivation on which housing […]
EDGEPROP. 26TH JUNE: The discount will affect more than 25,000 owners under the Rumawip, PR1MA, PPAM and regional residency housing in the city. The government has decided to reduce property assessment tax by 25% for affordable housing owners in Kuala Lumpur starting in the second half of this year. This is to reduce the burden of living cost for […]
NEW STRAITS TIMES. 26TH JUNE: The Kuala Lumpur Federal Territory (WPKL) MADANI Neighbourhood project introduced by the Unity Government is the right move to help B40 and M40 groups own houses at affordable prices that correspond to their incomes, according to an academician. Senior lecturer at the Faculty of Human Ecology, Universiti Putra Malaysia (UPM), Prof […]