EDGEPROP. 31ST JANUARY: The question that begs to be asked is: Why were these built there in the first place? More importantly, what needs to be done moving forward to ensure the problem does not repeat itself? Building cookie-cutter affordable homes is not just doing a disservice to those who need them, but fanning a […]
PENANG PROPERTY TALK. 31ST JANUARY: The success of Singapore’s Housing & Development Board (HDB) to provide public housing for 80 per cent of its citizens has motivated the Local Government Development Ministry to consult its experts as well as other foreign experts in its effort to build more affordable homes in Malaysia. The ministry, in […]
NEW STRAITS TIMES. 31ST JANUARY: Pasdec Holdings Bhd plans to develop a housing project in Kuantan, Pahang in a joint venture (JV) with Sedimi Property Development Sdn Bhd (SPDSB). Its wholly owned subsidiary Pasdec Corporation Sdn Bhd has partnered with SPDSB to develop 238 vacant leasehold plots, totaling 60,049 square metres, at Bandar Indera Mahkota. […]
THE ONLINE CITIZEN. 27TH JANUARY: Nga Kor Ming, Malaysian minister for local government development, chided a claim that Singapore housing experts were consulted to compensate for its inefficient civil service in housing matters as being “provocative and seditious”. Mr Nga stressed that the ministry’s intention in inviting foreign experts, including from Singapore, for seminars and […]
THE STRAITS TIMES. 27TH JANUARY: A Malaysian MP has called on detractors of a government plan inviting experts from other countries, including Singapore, to improve Malaysia’s housing policy to place public interest above political interest. Tebrau MP Jimmy Puah Wee Tse said it was getting more difficult and frustrating for Malaysians to acquire homes as […]
EDGEPROP. 26TH JANUARY: From time to time, there are reports of homebuyers taking their developers to task for developing some green lung or common open spaces that they deem to be their communal common spaces. And the developers would contend that these green open spaces are part of their reserved land for future developments. Imagine a […]
EDGEPROP. 26TH JANUARY: On Jan 19, the Monetary Policy Committee of BNM decided to maintain the OPR at 2.75% after four consecutive increases. The four consecutive rate hikes of 25 basis points each in May, July, September and November last year brought the OPR to 2.75% from a historic low of 1.75%. The overnight policy […]
FREE MALAYSIA TODAY. 26TH JANUARY: After nearly three years of self-imposed isolation, China finally reopened its borders on Jan 8, and Asean countries including Malaysia are expecting millions of Chinese tourists to return this year. The reopening story has raised hopes among Malaysian real estate players who are striking a bullish tone about the return […]
FREE MALAYSIA TODAY. 25TH JANUARY: The Perak state government has shut down 27 of its subsidiaries identified as non-performing and burdensome to save costs. Menteri besar Saarani Mohamad said the Perbadanan Kemajuan Negeri Perak (PKNP) subsidiaries affected by the closure were not carrying out business activities and had failed to contribute to the state government. […]
MALAY MAIL. 25TH JANUARY: The ‘One Member One House’ (SASaR) programme for the Malaysian Armed Forces (MAF) will be on track to be available to buyers as long as there are no labour and supply issues. Defence Minister Datuk Seri Mohamad Hasan said the Sungai Besi project placed under the Defence White Paper — launched […]