The National House Buyers Association (HBA) views with concern the reports of a new public housing scheme by the Ministry of Housing and Local Government (KPKT) named Program Residensi Rakyat (PRR), where it was reported that the construction cost of each PRR unit will be raised to RM300,000, but will be sold only at RM60,000.
Building surveyors (BS), or more commonly recognised as building inspectors (BIs), is a relatively new profession which was introduced to Malaysia back in 2000. Back then, not many people or industry players were aware of the roles and functions of this new profession.
The National House Buyers Association (HBA) has time and again reminded the housing minister and those under the ministry’s charge on the need to rein in the conduct of those so-called court-appointed officers, namely liquidators.
The Government, through the Special Task Force to Facilitate Business (Pemudah) platform, is drafting a document entitled “New Deal for Business” (NDFB) to boost business confidence, stimulate economic growth and drive national digital transformation, reported the Business Insider recently.
Malaysia is facing a unique housing problem. On one hand, the median property prices are too high and are beyond the mass population's affordability. As a result, even middle-income groups, not to mention the lower-income groups, find it almost impossible to buy their first homes.
To woo purchasers in a competitive property market, developers often offers various freebies, including air-conditioners, kitchen cabinets, automatic gates, club memberships and legal fees.
The prerequisite issues must be settled by KPKT before the Urban Renewal Act can be enforced, or else the ministry would end up biting more than it could chew and leave house buyers in a worse-off state than when they began.
The recent report on “Homeowners unknowingly sold bumiputera lots, slapped with RM13m penalty fees” is not a newly discovered issue. In fact, it was already highlighted last year during the Selangor State Assembly that convened in March. Subang Jaya Assemblyman Michelle Ng Mei Sze had asked for updates on the “Prevention system against sale of bumi inter-alia lots”
The National House Buyers Association (HBA) acknowledges the challenges faced by our Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim in tabling Budget 2024 from the MADANI Government last Friday (Oct 13) amidst the rising cost of living and various global economic headwinds.
“Nga: Akta Pembaharuan Bandar akan dibentang tahun depan,” terpapar di laporan utama berita. Laporan tersebut menyebut Menteri Pembangunan Kerajaan Tempatan (KPKT) Nga Kor Ming, menekankan akan kepentingan Akta ini dalam mempastikan pembaharuan bandar yang sistematik, teratur dan efisien demi meningkatkan ekonomi negara.
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