The Court of Appeal ruled that the Minister of Housing and Local Government is empowered to modify a housing contract to extend the time period for a developer to deliver vacant possession of a housing parcel to a purchaser.

The current Housing Development (Control & Licensing) Act, 1966 (HDA) was revamped on June 1, 2015, to plug some of its loopholes, rectified inadequacies and even some questionable and grey clauses that existed in the original Act

Last week, I presented the National House Buyers Association (HBA)’s: ‘tick where applicable” checklist to our newly minted Minister of Housing & Local Government, YB Datuk Seri Reezal Merican Naina Merican in my article published on Dec 11, 2021 entitled: ‘If I were the Housing Minister”

C&W expects the Asia Pacific economy to regain its position as the highest-growth economy with an expected 4.5% real average annual GDP and total regional investment volume next year is expected to be on par with the 2019 peak at around US$180 billion ($245.6 billion). 

How much room for investing opportunities are there in the Malaysian housing market in the post-Covid-19 era? Let’s find out.

The average house price in KL for the year 2000 was RM245,249 and RM708,812 in 1Q2021, with a 5.6% average annual change over the 20 years. The most significant yearly change is in 2012, with a 17.48% increase. There were continuous declines in the pattern of price growth for 2018, 2019 and 2020 with -4.53%, -12.76% and -4.13%, respectively.

Currently most of the cloud kitchen operators are in the Klang Valley, consultant seeing the operators are planning to expand into other cities like Johor Bahru and Penang.

According to the findings by Knight Frank Malaysia, the rental of workers’ accommodation could be as low as RM155 per bed a month, up to RM300 per bed a month, depending on the service packages (including utilities, transportation, food caterings and periodic health screenings), location of PBWA and adherence to local or international standards.

Since the amendment of Act 446 came under en­forcement last year, there is a surge of demand on workers’ dormitories that fit the requirements. However, the main problem is there is not enough supply to meet the demand as the busi­ness owners did not expect the Act to be enforced on such short notice.

Selling it was always an easier option than restoring the building. But bringing back the beauty of the building and leaving a part of history for Penangites and our children was a quest worth going into. We wanted to bring back the former glory of this stately build­ing,” said Datuk Ooi Sian Hian.