Budget 2019: Good news for first-time homebuyers, but not for investors, says Savills Malaysia
Existing investors will have to relook at their investment strategy in terms of exiting or take a long-term view of their properties…
Existing investors will have to relook at their investment strategy in terms of exiting or take a long-term view of their properties…
Mah Sing also welcomed the government’s initiative to set up a national homeownership campaign for completed homes to reduce the property overhang issue in Malaysia.
“MIEA has long made the call for the creation of a separate board for real estate agents, to more effectively regulate its practitioners,” he said.
“We have to open up our third and fourth phases early because the response was so good when we first launched the first and second phases.”
“A tenancy agreement can help prevent nightmares for the landlord.”
The free talk was organised by property portal EdgeProp.my with partner Nippon Paint Malaysia. Nippon Paint was also the venue sponsor.
During his welcome speech, Sarkunan pointed out that currently, there are two ministries involved in the regulation of property and facilities managers, namely the Ministry of Finance via the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP) and the Ministry of Works via the Construction Industry Development Board (CIDB).
To address the issue of abuse of affordable housing allocations, Kamarul said stakeholders have to work together.
A group of developers have met and proposed to the Ministry of Housing and Local Government [KPKT] and Ministry of Finance [MoF] to bring back the campaign.