NEW STRAITS TIMES. 2ND JUNE: The government should bear full responsibility for supplying affordable housing and making houses more accessible to all rakyat, as it did over 50 years ago, and as it is in many countries worldwide. Datuk NK Tong, president of the Real Estate and Housing Developers’ Association (Rehda) Malaysia, said that this […]
THE STAR. 3RD JUNE: Property developers are always willing to talk to the government and other stakeholders on sustainable ways to make houses more accessible for all Malaysians, especially low-income earners. Real Estate and Housing Developers’ Association (Rehda) Malaysia president Datuk NK Tong said the association continued to encourage its members to uphold their nation-building duty […]
DAILY EXPRESS. 2ND JUNE: Deputy Chief Minister II Datuk Seri Dr Joachim Gunsalam reiterated that the housing industry is an important contributor to the Malaysian economy and provider of new job opportunities as well as contributing to total output (GDP). “The housing sector is still promising despite some issues and challenges. Higher economic growth and income correlate directly […]
EDGEPROP. 2ND JUNE: The association explained that this would “eliminate the current practice of cross-subsidies that raise the costs of regularly priced housing, making it more expensive for the M40 rakyat to afford homes”. Real Estate and Housing Developers’ Association (Rehda) Malaysia is of the view that to make housing “more affordable for all rakyat, the […]
NEW STRAITS TIMES. 2ND JUNE: An effective solution is needed to resolve Malaysia’s residential property overhang, lest it take a toll on the nation’s economy, experts said. According to the National Property Information Centre (NAPIC), unsold properties refer to completed residential, commercial, and industrial units that have received certificates of completion and compliance (CCC) but have […]
FREE MALAYSIA TODAY. 1ST JUNE: Prime Minister Anwar Ibrahim says developers are not meeting their 30% quota of affordable houses for mega projects. Prime Minister Anwar Ibrahim wants the local government development ministry to review the conditions for housing developers to ensure that they provide affordable housing in all mega projects. Anwar, who is also finance minister, said […]
FREE MALAYSIA TODAY. 5TH JUNE: The Center for Market Education says 80% of transactions happen at the secondary market. A think tank says Putrajaya should not be measuring affordable housing based on price alone, describing the Price Income Ratio (PIR) method as a limited analytical tool. The Center for Market Education (CME) said that currently, the PIR […]
MALAY MAIL. 3RD JUNE: The Associated Chinese Chambers of Commerce and Industry of Malaysia welcomed Prime Minister Datuk Seri Anwar Ibrahim’s call for a review of the nation’s affordable housing policy as ‘timely’, but went on to suggest a complete overhaul of the current policy. The government should build new towns with affordable housing for rental […]
EDGEPROP. 31ST MAY: Radium focuses on the development of high-rise residential properties within Kuala Lumpur. Its residential properties include condominiums, serviced apartments, suite apartments and Soho units. Property developer Radium Development Bhd share price opened at 35 sen on Wednesday (May 31) on its debut on the Main Market of Bursa Malaysia, opening 30% lower […]