The new laws, which came into force on June 1, 2015, tightened the process of the segregation of the master title by the developer.

“We strongly support the calls made by other professional bodies to maintain the foreign worker management system under the Ministry of Human Resources as it will not only minimise bureaucratic red tape but also streamline the process within one ministry.”

Nga Kor Ming, who started duty helming the Local Government Development Ministry (KPKT) less than two weeks ago, is expected to hit the ground running in tackling the housing woes and affordability issues faced by the rakyat.

Accurate and up-to-date data is key to making deft decisions when it comes to property investments, be it for buyers or developers. Hence, prudent investors spend tons of time and effort in scouring an array of avenues to get a comprehensive hold of facts and figures before signing on any commitments.  

Real Estate and Housing Developers’ Association Malaysia (Rehda) has expressed its “wish” that the government under newly appointed 10th Prime Minister Datuk Seri Anwar Ibrahim take measures to tackle the many issues afflicting the property and construction industry.

For this, we decided on a unique and transparent methodology of scrutinising developers based on their quantitative and qualitative attributes. What the developers claimed in their glossy marketing collateral and building plans did not excite us.

The Selangor government has received input from Real Estate and Housing Developers Association Malaysia (Rehda) to help overcome challenges faced by developers in providing affordable homes.

Property developers in Peninsular Malaysia reported a 26% decline in unit launches and a 5% sales drop in the first half of 2022 (1H2022) from the second half of last year (2H2021), according to Real Estate and Housing Developers’ Association (Rehda) Malaysia.

The Real Estate and Housing Developers’ Association of Malaysia (Rehda) has appealed to the government to consider extending the 75% stamp duty exemption to all buyers and not just first-time house buyers.

The Budget 2023 is seen as a pre-election budget, and the government is expected to take positive steps with measures to boost the property market, which has ailed along with the Covid-19 pandemic.