THE STAR. 24TTH FEBRUARY: Mah Sing Group Bhd applauds the government’s expansionary budget to stimulate the economy by allocating the largest ever budget allocation of RM388.1bil. We are glad that the Government is confident that Malaysia’s GDP is expected to grow by 4.5% in 2023, as the property development industry is highly dependent on the demand on […]
EDGEPROP. 24TTH FEBRUARY: Stressing the government’s aim is to alleviate the rakyat’s struggles amidst the economic challenges, while ensuring a sustainable fiscal growth for the nation. The revised national Budget 2023 tabled by the 10th Prime Minister, Datuk Seri Anwar Ibrahim today unveiled the biggest ever allocation of RM388.1 billion, an upward revision from the RM372.3 billion budget […]
NEW STRAITS TIMES. 23RD FEBRUARY: The Malaysian Real Estate and Housing Developers’ Association (Rehda) says the greatest problem for developers and homebuyers remains access to financing. “In the current situation, we believe developers and homebuyers are waiting for banks to adopt a more favourable approach to financing arrangements,” said Datuk NK Tong, president of Rehda Malaysia. […]
EDGEPROP. 23RD FEBRUARY: Malaysian Construction Industry Development Board (CIDB) Penang director Zahidi Hashim said an inspection of the residential luxury housing area found that the registration certificates of two project contractors there had expired since 2018. Three house renovations in Residensi Merbok here were ordered to stop work due to various offences including engaging the services of unlicensed […]
EDGEPROP. 22ND FEBRUARY: President of Rehda Datuk NK Tong noted that in terms of homeownership, Malaysia is at almost 77%, which is one of the highest in the world. “In that sense, the government is already there, right? So, what can it do more? I think it’s all about making it more affordable, and that’s why […]
FREE MALAYSIA TODAY. 22ND FEBRUARY: The National House Buyers’ Association says there is a higher demand for cheaper units. With the new government’s first budget set to be tabled tomorrow, the National House Buyers’ Association has renewed calls for the stamp duty waiver to cover more properties. Its secretary-general, Chang Kim Loong, said if Budget 2023 included […]
FREE MALAYSIA TODAY. 22ND FEBRUARY: Recently concluded survey shows more new launches and higher sales in the second half of 2022. The property market in Malaysia remains resilient, according to the Real Estate and Housing Developers’ Association (Rehda) Malaysia. The optimism is based on higher demand from buyers and rising optimism that led to more new launches […]
THE SUN. 22ND FEBRUARY: Malaysian property prices continued to rise against the backdrop of lower demand from buyers, creating a widening gap between purchasers and sellers, according to PropertyGuru Malaysia. The property website operator said in its market report for the first quarter of 2023 that it registered an upward trend in the sale price index […]
MALAY MAIL. 22ND FEBRUARY: The National Property Information Centre (Napic) hopes that a feasibility study would be made compulsory for every property developer to undertake to help reduce the overhang or completed but unsold properties in the country. Napic deputy director Ari Adam said, without making the feasibility study ‘a must’, the country would continue to […]
MALAY MAIL. 22ND FEBRUARY: The Real Estate and Housing Developers’ Association Malaysia (Rehda) today said their members are inclined to increase the housing price this year due to several factors. Its president Datuk NK Tong said among the biggest issue found in their reports are the high cost of building materials as well as increasing labour […]