Under Japan’s public rental housing schemes, the construction cost is borne jointly by the federal government and local authority, with the latter taking care of the land purchase cost to ensure the affordability level of these homes for low-income earners.
The delegation, which comprised Housing and Local Government (KPKT) Minister Zuraida Kamaruddin, drivers of Malaysia’s top property develop-ment companies and members on the judging panel of EdgeProp Malaysia’s Best Managed Property Awards, gained valuable insights into some of Japan’s latest technologies for sustainable township development as well as smart and wellness home systems and solutions.
To date, BOVAEP has approved the application of 1,505 practising property managers who were not registered with the board before, says BOVAEP board member Ishak Ismail.
RHB Research Institute senior analyst Loong Kok Wen deemed the property-related measures announced in the Budget 2020 today as “neutral to positive” and expect market sentiments to be slightly lifted.
“We understand these buildings have to be repaired but do not send the wrong message (that the government will come and rescue), otherwise nobody will pay the maintenance fees.”
PR1MA Malaysia chairman Tan Sri Eddy Chen: The revision is a good move, the only thing is that it has to be location-based. Because in some states such as Kelantan, Terengganu and Perak, a lot of the properties are below RM600,000, which means there are not many choices for foreign buyers to acquire.
MIPFM: The real challenge of strata housing maintenance lies in the collection of maintenance charges
“The real issue here is the collection of maintenance charges, which has been plaguing the private owned flats and apartments for a very long time and thus affected the maintenance of these buildings.”
Sold for: RM570,000 (about RM599psf); Concluded by: Usha A/P R Lachumanan (REN 17124) of Gather Properties Sdn Bhd (016-720 0135); When: August 2019