MACC raids DBKL HQ, seizes documents

KUALA LUMPUR (June 5): The Malaysian Anti-Corruption Commission (MACC) is currently seizing documents connected to the sale of 64 lots of Kuala Lumpur City Hall (DBKL) land from 2013 to 2018, reported the New Straits Times.

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Rehda Institute: Overbuilding of affordable housing ‘quite severe’

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.

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FT minister suggests rebranding of PPR homes

KUALA LUMPUR (April 30): Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor yesterday said that affordable homes initiatives such as the People’s Housing Programme (PPR) could be rebranded to give them a fresh image and shift people’s sentiment about such properties.

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