Renting as a viable option in Malaysia

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THE MALAYSIAN INSIGHT. 14TH MARCH: The ancient Chinese idiom “yi-shi-zhu-xing” (clothing-food-shelter-transport) spells out mankind’s basic needs. It is a constant challenge for many countries and societies to ensure that people live in happiness. A roof over their heads can provide for people’s physical and mental wellness, as well as basic security.  

NCT launches Ion Belian Garden with RM570m GDV

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THE MALAYSIAN RESERVE. 14TH MARCH: The project, abandoned for almost 17 years by the initial developer, is slated for completion in 2025 NCT Platinum Sdn Bhd, a subsidiary of NCT Group of Co marked the launch of Ion Belian Garden, a white knight development project located in Batang Kali, Selangor. The project is slated for completion […]

Henry Butcher Malaysia: Uneasiness over the proposed Residential Tenancy Act

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NEW STRAITS TIMES. 14TH MARCH: The proposed Residential Tenancy Act (RTA) has sparked concern and unease among various key stakeholders, including the Real Estate & Housing Developers’ Association (Rehda), the Malaysian Institute of Estate Agents (MIEA), and the National House Buyers’ Association (HBA), a consumer NGO that fights for and protects the interests of home buyers. […]

China-backed Malaysia megacity project struggles to gain momentum

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NIKKEI ASIA. 14TH MARCH: Malaysia is pushing to reopen its economy to the world after two years of coronavirus-related border closures, but a $100 billion megacity spearheaded by a Chinese developer off the country’s coast near Singapore remains largely stuck in neutral. The integrated Forest City, comprising four reclaimed islands in the Malaysian state of […]

Court orders govt to accord freehold status to 24 Kepong houseowners

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FREE MALAYSIA TODAY. 11TH MARCH: The High Court here has ordered the Kuala Lumpur lands and mines department director-general to convert 24 houses in Taman Bukit Maluri in Kepong to freehold properties. Judicial commissioner Evrol Mariette Peters said the applicants could not be denied the “right to property” under the Federal Constitution. The judge, in […]

Which property developer in Malaysia should you avoid?

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NEW STRAITS TIMES. 11TH MARCH: When it comes to purchasing a property, you need to make sure you choose a reputable property developer. This means avoiding those who operate without licenses, with abandoned projects, didn’t honour tribunal claims, or failed to settle compound payments, according to PropertyGuru Malaysia. Malaysia has rather a lot of developers, […]

Boustead’s Balau Homes Phase 1A1 in Semenyih is 90% taken up

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THE EDGE MARKETS. 10TH MARCH: Boustead Properties Bhd’s Balau Homes in Mutiara Hills, Semenyih, which was launched in 4Q2020, has recorded a take-up rate of 90%. Boustead Properties Bhd chief operating officer Eason Phan says the 74-unit Phase 1A1 of Balau Homes is expected to be completed by 1Q2023. Homebuyers will be able to move […]

Ten noteworthy points on the proposed Residential Tenancies Act

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LEXOLOGY. 10TH MARCH: Recently, the local media have dedicated a substantial number of newsprint columns to comments by various stakeholders on the proposed Residential Tenancies Act (‘the Proposed Act’). The Proposed Act has been mooted as Action Plan 2.3.1 of the National Housing Policy (2018-2025) which seeks to introduce a comprehensive law to safeguard the […]