News about Rehda

On April 29, 2020, the National Property Information Centre (Napic) of the Finance Ministry’s Valuation and Property Services Department (JPPH) released the 2019 Malaysia Property Market Report revealing that the market which has been in a prolonged slowdown, had grown by 4.

PETALING JAYA (May 6): The Real Estate and Housing Developers’ Association (Rehda) Malaysia and Master Builders Association Malaysia (MBAM) are appealing to the government to bear the cost for Covid-19 tests for construction workers.

PETALING JAYA (May 5): The Real Estate and Housing Developers' Association Malaysia (Rehda) has reminded its members to ensure that their staff and contractors fully and strictly abide by the Standard Operating Procedures (SOPs) provided by the Construction Industry issued by the Construction Industry Development Board (CIDB).

PETALING JAYA (May 1): Johor has the highest number of overhang serviced apartments in the country but the situation is being mitigated by the state government's move to freeze applications for such developments in the state.

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.