News about Rehda

Nevertheless, he noted that increased demand and market shifts have led to an overall reduction in overhang units in 3Q2023, with a 22% decrease year-on-year from 3Q2022.

Consequently, this has led to “a number of unintended consequences”, the first of which is the increased number of completed but unsold units, which Tong said is incorrectly labelled as “overhang”.

Next month, the ministry will meet the Real Estate and Housing Developers’ Association (Rehda) Institute to discuss what incentives the government should provide to developers to encourage them to practise the build-then-sell concept, Local Government Development Minister Nga Kor Ming said in his welcome speech at the opening ceremony of the Malaysia Property Expo (MAPEX) 2023 at the Mid Valley Exhibition Centre on Friday.

The lorry drivers’ strike began on Oct 17 in states such as Kuala Lumpur, Johor, Melaka, Penang and Negeri Sembilan among others, in protest of the Road Transport Department's (JPJ's) enforcement operation of seizing overloaded lorries.

Maybank Investment Bank (IB) research noted that while a less stringent MM2H “should benefit the domestic property industry in both the rental market and property demand, the imposition of a flat 4% stamp duty on foreign buyers, could result in a 63% increase in stamp duty fees for a property priced at RM1.

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.

“A city for all is important, and that is now the focus for Kuala Lumpur.

The former chief executive officer of Sunway Real Estate Trust (REIT), who retired last June 30 after reaching the age of 66, was also an adviser of the Malaysian REIT Managers Association.

The issue of “affordability or rather the unaffordability” of houses remains a major issue for the rakyat and industry alike.

The 14th International Conference on World Class Sustainable Cities (WCSC) 2023 looks at how the world endeavours to reconcile urbanisation with sustainability objectives.