Urban Renewal Act: Is KPKT biting more than it can chew?

A new Act will surely come with its own set of challenges, but is KPKT capable of monitoring it when it has not been able to resolve the current spate of problematic projects? The Ministry of Local Government Development (KPKT) has recently announced that the Urban Renewal Act will be tabled next year.

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HBA’s views — the status quo on OPR by BNM

“The real danger is when borrowers are already struggling to service the monthly loan instalment before the OPR increase, they will definitely find it very difficult to pay for even the slightest increase in loan instalments.

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Budget 2024: HBA’s response

HBA’s suggestion is for the “Special Guarantee Fund” to be monitored by the Ministry of Finance with an intelligent team undertaking the selection process of responsible housing developers, reputed contractors/builders and white knights who have proven track records and good financial standing.

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Budget 2024 - Mixed reactions from stakeholders

Varied views from a number of stakeholders in the property segment The Association expresses concerns over plans to introduce a 4% flat rate for the stamp duty on memorandum of transfers on purchases by foreign individuals and companies.

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