Almost half the respondents reported having unsold completed residential units, citing the top reasons as loan rejection, low demand and bumiputera lots.
"We are committed to provide affordable housing, but the focus should be on the right location, as some areas require more affordable housing units, while some require less due to the weak demand in those areas.
REHDA Malaysia president Datuk Ho Hon Sang: “We would also like to reiterate that we are not in favour of unnecessary extension of time unless for very valid reasons, developers must honour the terms in the contracted sales to deliver within the time allowed by the law.
REHDA is of the view that the HRD Corp levy is one of the many contributing factors to increasing construction costs, and as such, industry players need to be exempted, and the situation has to return to how it was prior to March 1, 2021.
This comes after the conclusion of Datuk NK Tong’s two-year term, which ended in June.
To showcase iconic projects which have been awarded green certification by GreenRE Sdn Bhd KUALA LUMPUR (June 14): Malaysia Property Exposition (MAPEX) 2024 will specifically feature a ‘Green Section’, which is in line with the government’s aspiration towards sustainability in the Malaysian property sector.
Meanwhile, IGB Bhd's Tan Yee Seng was elected deputy chairperson.
Datuk Edward Chong Sin Kiat of Shah Alam 2 Sdn Bhd, a subsidiary of IJM Land Bhd, has been reappointed as deputy chairman after the annual general meeting on May 21.
“Another thing we are suggesting is that when you file income tax, the number of houses you have bought will be automatically stipulated in your income tax form.
The substantial hike in average price of sand could be attributed to high demand for the material globally and domestically.
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