KUALA LUMPUR: The Real Estate and Housing Developers’ Association (Rehda) Malaysia expects property prices to increase by up to 20% in the next six months on higher material and land costs, its president Datuk Seri Michael Yam said. Yam noted that building material cost increased by between 5% and 10% annually.

KUALA LUMPUR: The Real Estate and Housing Developers' Association of Malaysia (Rehda) expects property prices to increase by up to 20% in the next six months on higher material and land costs, its president Datuk Seri Michael Yam said.

KUALA LUMPUR: The Real Estate and Housing Developers' Association Malaysia (Rehda) expects property prices to increase up to 20% in the next six months.

Its president Datuk Michael Yam said on Thursday, Mar 10 the general increase in prices would be due to higher building material and land costs.  Material costs increase by 5% to 10% annually.

PETALING JAYA: The submissions of projects for Green Building Index (GBI) certification have jumped substantially in the last six months, indicating the rising interest among developers to build green. “From August 2010 until February, we received about 60 new registrations, bringing the total to about 150 projects.

KUALA LUMPUR: The construction industry may soon see a major change in the way non-payment issues are resolved. Issues of cash flow shortage or non-payment of progress billings that often plague the industry may be reduced in the future when a Bill to regulate the payment is passed by Parliament.

PETALING JAYA: Simple green features such as rain water harvesting and designs that enable natural cooling of a building will be included in the future development of houses under the government's Public Housing Programme (Program Perumahan Rakyat), said Housing and Local Government Minister Datuk Wira Chor Chee Heung.

KUALA LUMPUR: The possible raising of the deposit required for a property developer's licence may not reduce the number of abandoned projects, but could instead lead to costlier homes, said the Real Estate and Housing Developers Association (Rehda).

KUALA LUMPUR: Bukit Kiara Properties Sdn Bhd (BKP) has rewarded 24 contractors a total of RM366,500 in bonuses for helping the developer achieve a high CONQUAS (Construction Quality Assessment) score for the Vibe tower at its Verve Suites project in Mont'Kiara here.

Property developers in the country are predicting that the housing sector will continue to see strong demand,  barring any bad news on the global economic front.

Some of them may seem like fresh-faced novices in the field, but their maturity belies their age. These eight enthusiastic young adults City & Country features in its final issue of the year have been picked to represent the next generation of real estate developers.