The shift of focus to affordable housing below the RM500,000 per unit range, which has been seeing more resilient demand than higher-end properties, may strain the margins of developers, especially those who are not traditionally involved in this housing category, said Kenanga Investment Bank.
Dissatisfaction over expensive home prices has been escalating in Malaysia in recent years, with prices now reportedly beyond the reach of an average worker in key states like Kuala Lumpur and Penang. The situation, as many have lamented, is also not helped by the government’s move towards rationalising subsidies and the introduction of the goods and services tax last year.
The group has lined up RM3.1 billion worth of projects for launch in the next 14 months.
It also hasn’t been questioned by the FBI over Vancouver Trump Tower deal.
As Najib’s lawyers, the firm is concerned with Madinah’s (Auditor General) statement that was issued under orders of the cabinet, which “seems to indicate that there were political undercurrents and considerations taken for the decision to issue the said press statement”.
Tunku Ismail claimed that many of the Johor Sultan's noble deeds have not been brought to the attention of the public.
‘They’re new and don’t know how the govt functions, but they’re performing’