PETALING JAYA (Oct 11): The new minimum price threshold for the foreign purchase of high-rise residential property should be location-based and limited to completed units that remain unsold for at least a year, suggested Perbadanan PR1MA Malaysia chairman Tan Sri Eddy Chen (pictured).
KUALA LUMPUR (May 2): The future of the 1Malaysia People’s Housing (PR1MA) depends on the outcome of its due diligence and turnaround plan, said chairman Tan Sri Eddy Chen.
KUALA LUMPUR (May 5): Bank Negara Malaysia (BNM) said yesterday the definition of affordable houses quoted by the Real Estate and Housing Developers’ Association (Rehda) as being in the price range of RM300,000 to RM500,000 is inaccurate.
KUALA LUMPUR (May 3): The overbuilding of affordable housing is “quite severe” as many developers have shifted into that segment to counter high loan rejection rates, with the oversupply exacerbated by a lack of accurate and timely property market data, said the Real Estate and Housing Developers’ Association (Rehda) patron and Rehda Institute trustee Tan Sri Eddy Chen * JPPH: Property market to stabilise as economy improves “In fact, we are building everywhere — those affordable houses in the range of RM300,000 to RM500,000.
PETALING JAYA (Dec 9): Living in high-rise and stratified properties is becoming the norm in land scarce cities.
TAN Sri Eddy Chen is as passionate about real estate today as when he first started out in the construction and property development industry more than three decades ago.