THE EDGE. 27TH OCTOBER: Local Government Development Minister Nga Kor Ming announced on Friday that the ministry is looking to introduce incentives for the build-then-sell concept for local residential developments, as an effort to reduce Malaysia’s abandoned and sick projects. Next month, the ministry will meet the Real Estate and Housing Developers’ Association (Rehda) Institute […]
MALAY MAIL. 27TH OCTOBER: The Ministry of Local Government Development (KPKT) plans to implement a build-then-sell (BTS) housing delivery system rather than a sell-then-build (STB) delivery system next year, to reduce the number of “sick” or delayed housing projects. KPKT Minister Nga Kor Ming said the ministry will work together with the Real Estate Housing […]
THE EDGE. 26TH OCTOBER: There has been a pick-up in overall transaction activity in the Klang Valley residential property market, indicating better confidence among buyers, according to Savills Malaysia director of research and consultancy Fong Kean Hwa in presenting the The Edge | Savills Klang Valley Residential Property Monitor for 2Q2023. Based on National Property […]
FREE MALAYSIA TODAY. 25TH OCTOBER: Zahir Hassan says some of the purchasers had died even before they could occupy their homes as a result of delays. Zahir Hassan (PH-Wangsa Maju) was overcome with emotion when recounting the plight of purchasers of a “sick” private housing project in his constituency, known as Residensi Hektar. In debating […]
PROPERTY GURU. 26TH OCTOBER: The Ministry of Local Government Development warned that it will continue the crackdown on commercial properties converted into small rental rooms, which resemble ‘birds’ nests’. Meanwhile, Datuk Mohd Jafni Md Shukor, Chairman of the State Housing and Local Government Committee, expects the relaxation of the My Malaysia Second Home (MM2H) conditions […]
MALAY MAIL. 26TH OCTOBER: Rental property management site iBilik said that despite the crackdown on partitioned rooms, they are necessary for youths and the bottom 40 per cent of earners (B40) as they cannot afford entire units. In a recent statement, iBilik said that more than six million Malaysians currently rely on full or partitioned […]
EDGEPROP. 25TH OCTOBER: State Housing and Local Government Committee Chairman Datuk Mohd Jafni Md Shukor: From the first quarter of 2022 to the first quarter of this year, Johor real estate sales has increased by 17%, following the doubling of rents in Singapore. Easing the strict conditions for the My Malaysia Second Home (MM2H) programme […]
NEW STRAITS TIMES. 24TH OCTOBER: PR1MA Corporation Malaysia (PR1MA) aims to be a market leader in the national housing agenda by driving quality affordable housing developments and home ownership for all Malaysians over the next five years. PR1MA is the Local Government Development Ministry’s main housing agency. “We are responsible for providing quality homes at […]
EDGEPROP. 23RD OCTOBER: Major office occupiers in Kuala Lumpur City comprise oil & gas (O&G), finance and banking, and flexible space operators; whereas KLF encompasses flexible space operators, information technology (IT) and commerce, BPOs and shared services, as well as insurance and financial institutes. As for the Decentralised market, it is very much focused on […]
NEW STRAITS TIMES. 23RD OCTOBER: The 2024 Budget is regrettably lacklustre, failing to address Malaysia’s oversupply and rising property development costs, according to Sr. Adzman Shah Mohd Ariffin, president of the Royal Institution of Surveyors Malaysia (RISM). While RISM generally supports the 2024 Budget, he believes it should have been more inclusive in order to […]