THE STAR. 19TH JUNE: State authorities should consider alienating land parcels at discounted or nominal prices to incentivise developers to build affordable homes, says a property expert. KGV International Property Consultants (M) Sdn Bhd director Samuel Tan noted that property developers, being profit-driven entities, cannot be made to develop properties at a loss. “To better resolve […]
EDGEPROP. 17TH JUNE: Up to 50% of the 410 available units are already reserved as the “high-rise condominium has generated significant interest among urban dwellers who value a quality lifestyle and captivating living environments”. BON Estates is unveiling its latest prestigious project, Bon Kiara, over this weekend (June 17 and 18). Up to 50% of the […]
THE DAILY STAR. 16TH JUNE: MD of bti blames duty hike of construction materials Flats and houses will become expensive as the government has increased the duties on basic construction materials such as cement, steel and tiles in the proposed budget, said a top executive of a real estate company. FR Khan, managing director of bti, one […]
FREE MALAYSIA TODAY. 14TH JUNE: Plaintiffs claim the group misrepresented the property’s features, ignored safety defects. Newly listed Radium Development Bhd, whose shares have tumbled 26% since its Main Market debut on May 31, 2023, is facing a legal battle with its housing residents. In a filing with Bursa Malaysia yesterday, the group announced that its 80%-owned […]
EDGEPROP. 14TH JUNE: Minister Akmal Nasrullah Mohd Nasir: Out of the total 22 projects that have not yet obtained a certificate of completion and compliance (CCC) or are still under construction, 13 are abandoned projects. Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir (pictured) said there are 13 projects under the 1Malaysia Housing Programme (PR1MA) […]
FREE MALAYSIA TODAY. 14TH JUNE: Deputy minister Akmal Nasir says 54 PR1MA projects have been completed so far. Twenty-two projects under PR1MA Corporation Malaysia are currently under construction, including 13 “sick” ones. Deputy local government development minister Akmal Nasir said that as of yesterday, 54 PR1MA projects had been completed, with another 10 still in the planning. […]
NEW STRAITS TIMES. 14TH JUNE: Johor’s problem with unsold serviced apartments costing more than RM500,000 might be a thing of the past given the favourable feedback local real estate developers are receiving from potential buyers, particularly expats arriving from Singapore. The decision by Singapore to increase property taxes on non-citizens of the country may aid in […]
EDGEPROP. 13TH JUNE: Vouchers worth up to RM3,888 that can be redeemed for an array of products and services – from financial planning and selecting the dream property to finally moving in. EdgeProp START has been receiving encouraging response since its launch last Thursday (June 8). Through strategic collaborations with well-known brands such as AFFIN BANK, […]
FREE MALAYSIA TODAY. 14TH JUNE: Tighter restrictions might bring more revenue in the short term, but an economist says there will be fewer positive spillover effects. The government has been urged to reconsider the Malaysia My Second Home (MM2H) programme as more than a way to boost government revenue by attracting only wealthy foreign residents. Tebrau MP […]
YAHOO! NEWS. 14TH JUNE: Malaysia will continue offering a 100% stamp duty exemption to first-time buyers of houses priced not more than RM500,000 via the Malaysian Home Ownership Initiative (i-Miliki). Meanwhile, Prime Minister Datuk Seri Anwar Ibrahim said the federal government will not compromise on the strict conditions for affordable housing, despite the objections and appeals […]