News by EdgeProp.my

First conceived under the Seventh Malaysia Plan in 1996, the Sungai Pinang Flood Mitigation Project is finally slated to begin.

Sold for: RM970,000 (average RM365.35 psf); Concluded by: Janice Low (REN 14267, 012-280 0060) of Maxland Real Estate Agency; When: May 2019

“Both programmes have different objectives and target segments, one is targeting Malaysians with the objective to encourage homeownership, while the other is aimed at attracting foreign investors.”

Melaka-based developer Anthony Adam Cho suggested that the government focus only on affordable housing and let private developers concentrate on selling properties demanded by the market.

Mohd Khairudin was previously the deputy director-general (strategic policy) at JPPH. He is currently the deputy president of Royal Institution of Surveyors Malaysia (RISM).

“If you give them RM1,000 per sq ft and they don’t accept it, it is within their rights as it is their ancestral land.”

“For the unsold stock, probably one solution is for the developers to become landlords, to start renting out the unsold units and at least get some cash flow in.”

“Just in the last 90 days, Hong Kong buyers have mobbed more than 180 exhibitions featuring Malaysian property. That’s an average of two exhibitions per day,” said Eli McGeever, the Hong Kong-based vice-president of international property at SohoApp.com.

Workers in the commercial area said they are worried about their safety “as the landslip is still left unattended”.

Under the programme, the prosumer sells his excess energy through a grid operator or retailer.