EDGEPROP. 7TH JUNE: Home Minister Datuk Seri Saifuddin Nasution Ismail said despite a decline in the number of applications and approvals, the financial value recorded for the one year period was nearly RM1 billion, which is equivalent to the value recorded in five years from 2015 to 2019. The government’s move to tighten the conditions for […]
NEW STRAITS TIMES. 8TH JUNE: The Local Housing and Development (KPKT) Ministry’s special task force dealing on abandoned or “sick” housing projects in the country had identified 141 delayed property projects, 481 sick projects, and 112 abandoned projects as of April 30. The figures were higher than in March, when there were 110 property projects that […]
FREE MALAYSIA TODAY. 8TH JUNE: Carmelo Ferlito of the Center for Market Education says Putrajaya’s involvement has crowded the market and kept investors away. Excessive regulation and the government’s involvement in the affordable housing market are detrimental to the sector’s performance, said an economist. Carmelo Ferlito of the Center for Market Education believes the presence of the […]
FREE MALAYSIA TODAY. 6TH JUNE: Center for Market Education fellow Consilz Tan says potential buyers may decide to delay purchases of new homes. The increase in the overnight policy rate (OPR) last month is likely to keep the property market sluggish, a think tank said. Consilz Tan, a fellow at the Center for Market Education, said the increase […]
EDGEPROP. 6TH JUNE: The prime minister said housing is considered a serious problem in the federal capital, with 3,000 applications for affordable housing or PPR received in a year, while the Kuala Lumpur City Hall (DBKL) was only able to offer 300 units per year. Construction of affordable houses or People’s Housing Projects (PPR) will be made compulsory in […]
PROPERTY GURU. 6TH JUNE: Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir expects to see an increase in delayed, sick and abandoned private housing projects, due to the enforcement of the COVID-19 movement control order. Meanwhile, Prime Minister Datuk Seri Anwar Ibrahim wants the Local Government Development Ministry (KPKT) to review the conditions set for housing developers […]
THE EDGE. 2ND JUNE: The Real Estate and Housing Developers’ Association Malaysia (Rehda) reiterated it wants the government to build affordable housing, as the private sector is unable to do so without pushing up prices of open market units under current requirements. In a statement, Rehda said it supports Prime Minister Datuk Seri Anwar Ibrahim’s […]
THE MALAYSIAN INSIGHT. 2ND JUNE: Developers are currently facing various challenges due to Malaysia’s affordable housing requirement, which must be met in order to build residential developments on the open market, said the Real Estate and Housing Developers’ Association (Rehda) president NK Tong. Many of these concerns arise from cross-subsidy policies to which developers must […]
THE SUN DAILY. 2ND JUNE: The Real Estate and Housing Developers’ Association (Rehda) Malaysia is committed towards its responsibility in assisting the government to ensure there is sufficient affordable housing for all Malaysians. Developers are currently facing various challenges due to Malaysia’s affordable housing requirement, which must be met in order to build residential developments […]
FREE MALAYSIA TODAY. 2ND JUNE: Developers want the ‘30% affordable homes’ policy scrapped. The Real Estate and Housing Developers’ Association Malaysia (Rehda) has urged the government to do away with its policy of requiring developers to ensure up to 30% of homes in mega housing projects are affordable. Rehda said the government should be fully responsible […]