News about Bumiputera

JOHOR BAHRU (Aug 6): Putrajaya has to review the current housing policies and take a holistic approach in handling housing issues in the state, the Real Estate and Housing Developers Association Malaysia Johor Branch (REHDA Johor) said today.

KUALA LUMPUR (April 3): The government has not issued any instruction to open up “bumiputera-only” contracts to all races despite opting for open tenders and less bureaucracy in the procurement process, Finance Minister Lim Guan Eng reiterated.

KUALA LUMPUR (Feb 21): The high level of units reserved for Bumiputera buyers could have contributed to the residential property overhang in Johor, said CBRE|WTW Johor branch director Tan Ka Leong.

KUALA LUMPUR (Jan 29): Real Estate & Housing Developers' Association Malaysia (Rehda) president Datuk Soam Heng Choon said the property mantra of location, location, location no longer holds true these days, having overtaken by location, pricing and type.

JOHOR BAHRU (Dec 19): The southern state of Johor has 5,988 units of unsold properties worth RM3.

KUALA LUMPUR (Nov 20): The government, which has proposed to sell its non-strategic assets to raise funds, will ensure that Bumiputera participation remains in these assets after the sale, said Economic Affairs Minister Datuk Seri Azmin Ali.

PETALING JAYA (Oct 12): Property developers are more optimistic about the Malaysia property market outlook in the coming year than the current second half of 2018.

PETALING JAYA (Oct 10): The Real Estate and Housing Developers Association (Rehda) wishes to see more support from the local authorities to achieve the national goal of lowering down property prices.

  PETALING JAYA (Oct 10): The Real Estate and Housing Developers' Association (Rehda) has urged state governments to adopt an automatic release mechanism for properties allocated under bumiputera quotas to lower the high number of unsold units in the country.

PETALING JAYA (Oct 5): The Malay Economic Action Council (MTEM) has urged the Johor government to ignore a suggestion to do away with bumiputera quotas and discounts for properties priced above RM1 million, reported The Malaysian Insight.