NEW STRAITS TIMES. 29TH SEPTEMBER: The Real Estate and Housing Developers’ Association (Rehda) Malaysia in its wishlist for Budget 2024 has asked for the government’s intervention in making houses more affordable. This is to be done by a temporary reduction or removal of import levy on building materials and a reduction in property charges by […]
DAILY EXPRESS. 28TH SEPTEMBER: Taman Kinarut Ceria 3 Langkuas by U Properties Development Sdn Bhd is not only a comfortable family choice but also an ideal location with investment potential. U Properties, in a statement, said purchasing a property there not only fulfils one’s family’s needs but also offers opportunities for future appreciation – a […]
FREE MALAYSIA TODAY. 26TH SEPTEMBER: Syarikat Perumahan Negara Bhd’s (SPNB) unit is alleging conspiracies to defraud the company in various affordable housing projects. SPNB Aspirasi Sdn Bhd (SPNB Aspirasi), a wholly owned unit of national housing development company Syarikat Perumahan Negara Bhd (SPNB), is suing SPNB’s former CEO Ahmad Azizi Ali, property developer Tunas Manja […]
MALAYSIAKINI. 27TH SEPTEMBER: In today’s fast-paced property market, the challenges of managing property handovers and defect rectifications have become more complex than ever. With an increasing number of “sick housing developments” plaguing the Malaysian property landscape, efficient solutions are essential to ensure seamless handovers and satisfied homeowners. The impact of the pandemic has only exacerbated these challenges, […]
THE STAR. 27TH SEPTEMBER: 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 developers, […]
THE EDGE MALAYSIA. 26TH SEPTEMBER: Fresh drama at property developers including China Evergrande Group is jeopardising President Xi Jinping’s latest efforts to end the housing crisis. Just as China enters a key holiday sales season, a raft of headlines are weighing on already-frail confidence in the property market. Evergrande said it has to revisit its […]
PROPERTY GURU. 26TH SEPTEMBER: The state government of Penang plans to prohibit owners of low-cost homes from renting out their units to foreign workers. Meanwhile, Selangor has built 40,000 units of affordable homes since 2018, with another 5,000 units expected to be completed by end-2023. 1. Penang to ban low-cost home rental to foreigners The […]
FREE MALAYSIA TODAY. 24TH SEPTEMBER: S Sundarajoo says such rental practices defeat the purpose of the affordable housing programme, which is to give the poor the opportunity to own houses. The Penang government plans to introduce a law that would prohibit owners of low-cost houses from renting out their units to foreign workers. State housing […]
THE SUN DAILY. 25TH SEPTEMBER: Online property portal PropertyGuru Malaysia has urged the government to look into ways to increase income growth in Budget 2024, as it will boost home ownership. Country manager Sheldon Fernandez said stagnant wages, increasing property prices and rising living costs have made home ownership out of reach for most locals. […]
PENANG PROPERTY TALK. 23RD SEPTEMBER: Penang is set to become the MedTech Hub of Asia due to the rise of its medical device exports. Chief Minister Chow Kon Yeow said Penang’s exports in medical devices make up about 65% on average of Malaysia’s total in the MedTech industry between 2017 and 2021. “The state’s exports […]