News about HDA

“We reiterate that should the issue be left idle for too long it will have an adverse impact on house prices in the open market.

Presiden Rehda Datuk NK Tong mencatat bahawa dalam hal memiliki rumah, Malaysia hampir mencapai 77%, yang merupakan salah satu yang tertinggi di dunia.

President of Rehda Datuk NK Tong noted that in terms of homeownership, Malaysia is at almost 77%, which is one of the highest in the world.

“Globally, we have been in 40 years of inflationary environment, and it will remain inflationary for a while.

“Twenty years ago, when you launch a property, it was easily sold within a few weeks.

“Through the programme, the government’s aim should be to help the industries and the nation’s economy recover, so companies can offer more jobs to more workers and be profitable to pay taxes.

President Datuk Chua Soon Ping complimented the state government in listening to Shareda’s recommendation to set the fixed deposit amount to RM200,000 as opposed to RM1.

In a report unveiled at the roundtable, Rehda Institute highlighted compliance costs as a major challenge in the industry, with continued hikes leading to higher prices and hence, reduces affordability, project feasibility, profits, and future supply.

“We strongly support the calls made by other professional bodies to maintain the foreign worker management system under the Ministry of Human Resources as it will not only minimise bureaucratic red tape but also streamline the process within one ministry.

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