EDGEPROP. 8TH MARCH: Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir said the special team set up by the ministry to review delayed, sick and abandoned projects had set the target to resolve issues concerning 10 projects within a year. A total of 18 projects under the 1Malaysia Housing Programme (PR1MA) currently being developed […]
BLOOMBERG. 9TH MARCH: Sales and buyer enquiries pick up in monthly RICS survey, Figures suggest market is withstanding higher interest rates UK property surveyors saw flickers of life return to the housing market in February as both buyers and sellers returned to lift sales. The Royal Institution of Chartered Surveyors said that house prices suffered another decline, […]
PROPERTY GURU. 7TH MARCH: Selangor is exploring the possibility of extending the state’s Smart Rental Scheme to low-cost housing. Meanwhile, the National House Buyers Association (HBA) has called for the addition of a new clause to the sale and purchase agreement (SPA) which would allow buyers to inherit warranties given by manufacturers, suppliers and contractors […]
CITIZENS JOURNAL. 6TH MARCH: Akmal stated that the Aspire Residence project is one of the distressed projects that has concerned the ministry, along with other private housing projects that are delayed and distressed. The Deputy Minister of Local Government and Housing Development (KPKT), Akmal Nasrullah bin Mohd Nasir, recently visited the Aspire Residence housing development project in Cyberjaya […]
FREE MALAYSIA TODAY. 5TH MARCH: The course will cover the importance of paying maintenance fees, maintaining cleanliness, and on preventing vandalism. Starting this year, prospective owners of a strata property under the People’s Housing Programme (PPR) will have to attend a civic engagement course to create awareness and understanding about community living and neighbourhood etiquette. Local government […]
NEW STRAITS TIMES. 3RD MARCH: The asking prices of properties for sale in Malaysia will continue to rise as existing homeowners raise their selling prices. However, the concern is that there is lower demand from buyers, creating a widening gap between them and sellers. The PropertyGuru Malaysia’s Property Market Report Q1 2023 captured upward trends in […]
PENANG PROPERTY TALK. 2ND MARCH: Penang International Airport (PIA) expansion project will take place this year and will be fully funded by Malaysia Airports Holdings Bhd (MAHB). Transport Minister Anthony Loke Siew Fook said this when he made his first official working trip to Penang yesterday, revealing that the expansion, for now, would cater to 12 million […]
PROPERTY GURU. 26TH FEBRUARY: The National House Buyers Association (HBA) has called for People’s Housing Projects (PPRs) to remain as transit homes for rent, instead of for sale or ownership. Meanwhile, The Real Estate and Housing Developers’ Association Malaysia (REHDA) revealed that its members will likely raise the prices of their products this year, due to inflation […]
NEW STRAITS TIMES. 2ND MARCH: Houses prices in Malaysia have risen by 4.1 per cent, higher than the rate of income increases, the Dewan Rakyat heard today. Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir said the cost of homes was increasing at double the rate of income, which rose by only 2.1 per cent. […]
THE STAR. 1ST MARCH: Industry experts are urging the new unity government to reintroduce the home ownership campaign (HOC) and refine the Malaysia My Second Home (MM2H) programme to drive Malaysia’s real estate market in 2023. Glomac Bhd group managing director and chief executive officer Datuk Seri Fateh Iskandar Mohamed Mansor said there were no catalysts for the […]