Extension for project delivery possible, says housing minister
PETALING JAYA (Oct 5): Developers who are not able to deliver their residential projects on time may request for an extension of an additional 12 months from the original 36 months, provided no sale and purchase agreement has been signed, said Minister of Urban Wellbeing, Housing and Local Government Tan Sri Noh Omar.
Rehda hopes Budget 2018 addresses these three key issues
PETALING JAYA (Sept 28): The Real Estate and Housing Developers’ Association (Rehda) hopes the government will seriously consider three key areas, namely financing, cost of doing business and the GST exemption, said president Datuk Seri FD Iskandar Mohamed Mansor.
More developers helping homebuyers with their downpayments
PETALING JAYA (Sept 20): To embrace the current challenging market conditions, more developers are assisting buyers with the 10% downpayment and are lower selling prices to boost sales, according to a recent survey by the Real Estate and Housing Developers’ Association Malaysia (Rehda).
Rehda survey: Only 31% of developers launched new projects in 1H17
PETALING JAYA (Sept 20): The Real Estate and Housing Developers' Association Malaysia (Rehda) recent survey showed that only 31% of respondents had new launches in the first half of the year, representing a 12% drop from 2H16.
Digitising property management
The popularity of on-demand services has resulted in more and more industries entering the fray.
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Taman Melawati residents: Central park on or off?
PETALING JAYA (Sept 13): Taman Melawati residents are still seeking clarity about plans for a convention centre that will be built on a site earmarked for a central park, following recent remarks by Selangor Menteri Besar Datuk Seri Mohamed Azmin Ali.
MACC to conclude probes into FGV, FIC by the end of the month
KUALA LUMPUR (Sept 13): Investigations into corruption cases in Felda Global Ventures and Felda Investment Corp will be completed by the month-end, said Malaysian Anti-Corruption Commission (MACC) chief commissioner Dzulkifli Ahmad yesterday.
Kuala Lumpur-Singapore HSR ‘wide open’ to all
KUALA LUMPUR (Sept 13): The Kuala Lumpur-Singapore high-speed rail (HSR) project is “wide open” to all and both countries will choose the builder based on merit from a tender expected to be opened in December, said MyHSR Corp Sdn Bhd CEO Mohd Nur Ismal Mohamed Kamal (pic), according to a Bloomberg report.
LBS Bina 2Q profit up 41% on higher take-up rate of properties
KUALA LUMPUR (Aug 30): LBS Bina Group Bhd's net profit in the second quarter ended June 30, 2017 (2QFY17) jumped 41.
