NEW STRAITS TIMES. 13TH OCTOBER: FIABCI Malaysia hopes that the 2024 Budget will include urban renewal initiatives such as tax breaks for property owners and developers in order to revitalise older neighbourhoods and increase property values. Its president Datuk Firdaus Musa said that this could serve as a catalyst for community transformation and sustainable urban […]
THE SUN DAILY. 13TH OCTOBER: ‘Govt should discourage speculative buying to reduce number of unoccupied residential units’. In recent years, an alarming trend has emerged in the housing market, with a significant increase in the number of unoccupied residential units. In June last year, Statistics Department Director-General Datuk Seri Mohd Uzir Mahidin said 1.9 million […]
NEW STRAITS TIMES. 12TH OCTOBER: Similar to previous national budgets, observers predict that the 2024 Budget will be an expansionary one to help the federal administration achieve its target of eradicating extreme poverty by the end of the year. Malaysia’s economy is expected to grow between 5.0 per cent and 5.5 per cent annually for […]
EDGEPROP. 10TH OCTOBER: It added that this RTO scheme shall also be applicable to PRIMA homes, where there is an oversupply, as this will give an opportunity for the B40 income group to own homes for the first time. Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) proposed […]
THE STAR. 9TH OCTOBER: A total of 28,363 housing units from abandoned and “sick” private housing projects have been revived as of Aug 31 this year, says Nga Kor Ming. The Local Government Development Minister said this comes after a special task force was set up to deal with abandoned or “sick” housing projects. “The […]
THE EDGE. 10TH OCTOBER: Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) proposed that the government to promote rent-to-own (RTO) scheme as part of its wishlist for the upcoming Budget 2024 In a statement issued on Tuesday, the association noted that with the stagnant economy and the […]
NEW STRAITS TIMES. 9TH OCTOBER: The Malaysian Institute of Property and Facility Managers (MIPFM) hopes that the government will not exclude strata property owners and occupiers from the 2024 Budget, which will be announced on Friday. This is consistent with the government’s comprehensive strata housing proposal in the 12th Malaysia Plan (12MP) 2021-2025, which is […]
NEW STRAITS TIMES. 10TH OCTOBER: Malaysian real estate stakeholders hope that the government will include additional measures in Budget 2024 to assist developers, support homeowners, and strengthen the middle class, with a focus on housing affordability. The reinstatement of the Home Ownership Campaign (HOC) is at the top of their priority list. The HOC was […]
EDGEPROP. 8TH OCTOBER: One of the top perks of living in Greenwoods is access to Hill Park, with built-in facilities for you to enjoy nature’s benefits for the mind, body and soul. Sepang, a district tucked in the southern region of Selangor, first came into the spotlight when it became home to the Kuala Lumpur […]
THE EDGE. 8TH OCTOBER: The Malaysian Institute of Property and Facility Managers (MIPFM) is hoping that the government will review the electricity tariff for strata residences, particularly service apartments, which are purely for residential use. In its Budget 2024 wishlist, MIPFM said it also hopes that there would be a reduction of tax on solar panels for residential […]