That includes 441 units in Selangor and over 300 units in Kuala Lumpur.

They are not backed by assets and are “highly depreciative”, says the association.

Malaysia is still short of 3.2 million homes, says Rehda.

The landmark decision will have far-reaching consequences for homebuyers whose properties are delivered late.

"Let’s be honest — we are very good at building things, but when it comes to managing them, we are not so good."

Real estate services will become digital, simple, personalised and cheap.

"Malaysia needs a one-stop agency with big data that shows [not just the] types of properties that we are developing but also for future launches."

“There are actually a lot of tools that we can use to improve our delivery and give better services to our clients at the same time.”

This is to give agents and negotiators a fairer share.

Because Merdeka PNB 118 is unique to the market.