News by Bernama

The project is an extension of the Senibong Cove masterplan and expansion of landbank, to provide more high-quality designed homes in curated communities.

As of June 30 this year, a total of 346,417 affordable housing units have been completed, accounting for 69.3% of the target of 500,000 units under the 12th Malaysia Plan (12 MP).

The Ministry of Housing and Local Government (KPKT) is committed to focusing on efforts to help young people own homes through the Madani Deposit scheme.

He said the momentum of house construction under the initiative is going well, with 40,000 units currently in the process of awaiting related approval.

Johor is expected to see sustained property demand from foreign buyers, especially Singaporeans, driven by key developments and growing investor interest, according to Knight Frank Malaysia.

The government believes that the Amazon Web Services (AWS) Asia Pacific (Malaysia) Region’s projected RM57.3 billion contribution to Malaysia's gross domestic product (GDP) could be fast-tracked to 2032 from 2038, given its current pace of development, said Prime Minister Datuk Seri Anwar Ibrahim.

The overnight policy rate (OPR) is expected to remain unchanged at 3% in 2024 with Malaysia’s producer price index (PPI) inflation moderating to 0.3% year-on-year (y-o-y) in August 2024 from 1.3% y-o-y the previous month.

No damage to public property has been reported following the sinkhole detected today on the road outside the Bunga Raya Complex (BRC), approximately one kilometre from the Kuala Lumpur International Airport’s (KLIA) Main Terminal Building.

The Johor government is in discussions with the Housing and Local Government Ministry (KPKT) to identify suitable locations for the new Madani housing projects in the state.

The tabling of the annual budget, originally scheduled for Nov 8, was postponed because many state government officials would have to attend a special forum in Egypt on that date.