Kepong MP lodges MACC report over RM4.28b DBKL land sale

KUALA LUMPUR (May 16): Kepong MP Lim Lip Eng has lodged a report with the Malaysian Anti-Corruption Commission (MACC) today to investigate 64 parcels of land sold by Kuala Lumpur City Hall (DBKL) under the purview of the former Federal Territories minister Datuk Seri Tengku Adnan Tengku Mansor from 2013 to 2018.

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Rehda Institute: Overbuilding of affordable housing ‘quite severe’

KUALA LUMPUR (May 3): The overbuilding of affordable housing is “quite severe” as many developers have shifted into that segment to counter high loan rejection rates, with the oversupply exacerbated by a lack of accurate and  timely property market data, said the Real Estate and Housing Developers’ Association (Rehda) patron and Rehda Institute trustee Tan Sri Eddy Chen * JPPH: Property market to stabilise as economy improves “In fact, we are building everywhere — those affordable houses in the range of RM300,000 to RM500,000.

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Affordable housing influx may worsen overhang situation

PETALING JAYA (April 21): A growing supply of affordable housing – variously defined as priced below RM500,000 to below RM200,000 by different authorities and consultancies – by public and private entities threatens to keep overhang units undigested, reported The Edge weekly.

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