News about HDA

PETALING JAYA (May 1): The Home Ownership Campaign (HOC) has contributed to an improvement in Malaysia's overall property market performance in 2019 and should be reintroduced to provide a much needed boost to the property sector in light of the current downturn amid the Covid-19 pandemic.

PETALING JAYA (May 1):  It is estimated that unsold Bumiputera units contributed to about at least 40% of the total residential property overhang units in Malaysia.

PETALING JAYA (May 1): Property developers who want to sell their products to foreigners should join in efforts to promote the country first and foremost before promoting their own individual projects, said Real Estate and Housing Developers' Association (Rehda) president Datuk Soam Heng Choon.

PETALING JAYA (May 1): Will freezing approvals for new projects help overcome the property overhang situation in Malaysia? Read also Promote Malaysia before promoting projects, developers told Efficient Bumiputera units release can help reduce property overhang Developers continue push for HOC extension Supply of serviced apartments being reduced amid overhang A suggestion to freeze approvals for new projects in view of the overhang was raised by a viewer during EdgeProp.

As work-from-home becomes a new norm, it is expected that demand for physical office spaces will be reduced.

The ongoing Covid-19 outbreak has put a large dent on the global economy.

PETALING JAYA (April 17): The effect of property cooling measures imposed since 2014 has been "too effective" and it is perhaps time to remove them, said Real Estate and Housing Developers’ Association (Rehda) president , said Real Estate and Housing Developers’ Association (Rehda) president Datuk Soam Heng Choon.

PETALING JAYA (April 17): The government should seriously consider declaring 2020 a "tax-free year" in light of the economic downturn and the global Covid-19 pandemic that has brought the country almost to a standstill for more than a month.

PETALING JAYA (April 17): MKH Bhd managing director Tan Sri Eddy Chen has called for greater transparency among stakeholders to share information and data that could help the property industry avoid a mismatch of property supply and demand.

PETALING JAYA (April 17): With the International Monetary Fund predicting that Asia's economic growth will grind to a halt this year for the first time in six decades amid the Covid-19 pandemic; as people fear losing their jobs and companies fear closures - could this be the worst financial crisis Malaysia has ever seen? At the EdgeProp.