“Given the recent change in government, the market and foreign investors especially would be seeking assurance for their confidence in Malaysia. This is primarily instilled through consistency in policy direction."
“Many properties that we have seen have a fire certification but it does not comply [with fire safety requirements] and have [fire safety] issues."
Sold for: RM2.6 million; Concluded by: Eunice Yong (REN 17145, 017-628 9994) of PropNex Malaysia; When: July 2018
The highest premium seen in 2017 was in Bangkok, at 132% above non-branded luxury residences, followed by Kuala Lumpur at 69% Manila at 36% and Phuket at 8%.
Currently, the maximum loan tenure is 35 years or or until the borrower turns 70 years old, whichever is earlier.
“We are not working on the incentives on IBS developments, not really. Because what we want to do is to give them [developers] the volume and they can construct their homes faster. IBS is supposed to be faster and cheaper, if we have the volume,” she told reporters at a press conference after the opening of Rehda Institute's Rehda Institute’s Housing Conference 2018 themed Re-inventing Affordability today.
Speaking to reporters at Rehda Institute’s Affordable Housing Conference today, Housing and Local Government Minister Zuraida Kamaruddin said compliance cost, which is estimated to account for 20% to 25% of overall development cost, is one of the factors contributing to high housing prices.
In order to educate the market, Nippon Paint Malaysia opened the Nippon Paint Forward Coatings Expo at its headquarters in Shah Alam sometime in mid-2018.
Looking ahead, the property sector is expected to see vacant properties filling the market in 2019 as financing becomes stricter due to low property sales.
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