THE MALAYSIAN RESERVE. 4TH OCTOBER: Over the past decade, the issue of housing affordability has escalated into a critical concern in Malaysia. The swift escalation of property prices in urban hubs combined with stagnant wage growth has placed the dream of home ownership beyond the grasp of many ordinary Malaysians. The disparity between incomes and housing […]
THE EDGE. 3RD OCTOBER: LBS Bina Group Bhd has announced several proposals for Budget 2024 that it deems essential to spur the local property sector in a press statement on Tuesday. LBS Bina executive chairman Tan Sri Lim Hock San said, “We are hopeful that Budget 2024 will bring about significant change, and positively influence […]
PROPERTY GURU. 3RD OCTOBER: State Housing and Culture Committee Chairman Borhan Aman Shah said Selangor targets to build at least 60,000 units of Rumah Selangorku housing by 2025. Meanwhile, Penang is poised to have a new affordable housing category, with the units priced at RM100,000 for families with a combined monthly income of RM5,000 or […]
NEW STRAITS TIMES. 2ND OCTOBER: PR1MA Corp is developing affordable housing based on eight core strategic developments in order to attract home buyers. The eight core developments are residensi PR1MA, PR1MA premier, PR1MA mini townships, PR1MA transit-oriented developments (TOD), M40 housing in small towns and suburbs, M40 housing in the city, housing for youth, and […]
THE EDGE. 1ST OCTOBER: The Real Estate and Housing Developers’ Association (Rehda) hopes that the government will address the affordability, or rather the unaffordability of houses in the nation, as well as introduce measures to alleviate challenges developers continue to face in the upcoming Budget 2024. In its budget wishlist, the association’s president Datuk NK Tong said that as […]
PENANG PROPERTY TALK. 1ST OCTOBER: The property sector’s outlook is improving amid the downwards trend in the property overhang and inventory levels of developers, says MIDF Research. The unchanged overnight policy rate is also positive for property companies, which helps to support recovery in demand, the research house added. Given the improving outlook for property […]
FREE MALAYSIA TODAY. 29TH SEPTEMBER: Rehda says this is possible if import levies for building materials are lowered and the home ownership campaign is reintroduced. The Real Estate and Housing Developers Association Malaysia (Rehda) has expressed hope that the government will look into making homes more affordable under Budget 2024. Rehda president NK Tong said […]
THE EDGE. 29TH SEPTEMBER: The Real Estate and Housing Developers’ Association (Rehda) Malaysia is optimistic that the upcoming Budget 2024 announcement on Oct 13 will put the rakyat’s needs first and address barriers to homeownership, according to a statement issued on Friday (Sept 29). Rehda Malaysia president Datuk NK Tong hopes Budget 2024 will make […]
PROPERTY GURU. 29TH SEPTEMBER: Sunway Berhad (“Sunway” or “Group”) via its wholly-owned subsidiary, Sunway Bukit Gambier Sdn Bhd, through its joint venture with Umech Land Sdn Bhd had today signed a Joint Development Agreement with Penang Development Corporation (“PDC”), the Penang state’s development arm to collaboratively develop a 559-acre parcel of prime industrial land at […]
EDGEPROP. 29TH SEPTEMBER: The issue of “affordability or rather the unaffordability” of houses remains a major issue for the rakyat and industry alike. The Real Estate and Housing Developers’ Association (REHDA) Malaysia is hoping that Putrajaya will “reintroduce or introduce” incentives that “will allow more Malaysians to buy a house to call their own”. In […]