As cranes increasingly dot Malaysia’s skylines and construction sites buzz with non-stop activity, a curious imbalance has taken shape. Amid the rising apartment complexes, suburban enclaves and gated communities, a significant number of residential properties stand vacant, their doors open and awaiting the footsteps of prospective occupants.
The National House Buyers Association (HBA) acknowledges the challenges faced by our Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim in tabling Budget 2024 from the MADANI Government last Friday (Oct 13) amidst the rising cost of living and various global economic headwinds.
Noteworthy:
When: February 2023
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The government is looking into raising the floor for paid-up capital and accumulated capital for new property developers, and to blacklist directors of sick and abandoned projects in an effort to ensure the sustainability of the housing sector.
AmBank has inked green financing facilities with Avaland Bhd valued at RM129.8 million for Alora Residences, the first phase of 2Fifth Avenue green-inspired masterplan.
Noteworthy:
When: July 2023
Nga said the comprehensive guidelines will be a reference for campsite operators in relation to licence applications, to ensure that recreation areas are safe for visitors.
Hasbi added that the year 2023 involves major structural works such as beam launching, construction of stations and track laying.
Chow stated the board of directors of PDC said the change in majority shareholders of Umech Land’s equity structure which was done without informing PDC and without PDC’s approval “is a serious issue and cannot be accepted by the board of PDC”.
The PVIP saw 57 applications processed, where 28 have been approved while the remaining 29 have been recommended for approval
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