News by M

Responding to the announcement by Prime Minister Datuk Seri Najib Razak yesterday that the sale of houses priced under RM300,000 in new developments must be limited to first-time house buyers only, Chief Minister Lim Guan Eng said it helped little if the buyers still could not secure housing loans.

It is understood that on the first day of Chinese New Year, 1,166 SWM workers and contractors will be on duty, operating 228 waste collection vehicles.

De-gearing exercise is to strengthen its financial footing

The move to immediately limit sales of new homes priced up to RM300,000 to first-time homebuyers has drawn especially strong reactions.

Petaling Jaya residents want to be given more time to study the state transport master plan due to concerns over its impact on their neighbourhoods.

Mayor Mohd Azizi Mohd Zain said that the move was part of the plan to make Petaling Jaya a City of Art.

Only standard three-bedroom flats with sizes of 700 to 750 sq ft in Green Lane appreciated by 11.7% to RM380,000 from RM340,000, while average prices of standard three-bedroom apartments/condominiums (excluding luxury types) of over 900 sq ft in Island Park/Glades inched up 2.1% to RM480,000, from RM470,000 in 3Q2014.

Indicative annual rental yields as calculated from asking rentals observed at June 2015 are fair, ranging from 4.0% to 7.5%. The highest asking rental yields can be found at Pantai Apartment (7.5%) in Butterworth.

Mayor Datuk Mhd Amin Nordin Abdul Aziz said the new process would reduce the number of procedures and days for approval of construction of projects.

Petaling Jaya mayor Mohd Azizi Mohd Zain said that the main reason for the congestion was because of the equipment left behind on the roads by contractors.