“The new owners inheriting these properties may end up having to sell their ancestral home as they cannot afford to pay the imposed tax, thus losing their home and an investment kickstarted by their deceased family, and discourage long-term ownership of properties,” said REHDA president, Datuk Ir Ho Hon Sang.
They include Rumah Idaman and Rumah Selangorku Harapan while the exemption does not apply to open market and other sub-sector projects.
Rehda Institute: “Sustainable strata management is not just about your building being green certified, it’s much more, for example, having a proper waste management system.
President Datuk Ir Ho Hon Sang: “Due to its age, a rundown building is not aesthetically a representation that we want in our major cities.
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.
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