News about ST

PETALING JAYA (Oct 9): Addressing the issue of unsold properties, a think tank has proposed that developers rent unsold units to youths who otherwise cannot afford to own home.

PETALING JAYA (Oct 9): The government is mulling a reduction in  compliance costs for affordable housing developments by saving developers the burden of undertaking the construction of certain utilities infrastructure.

KUALA LUMPUR (October 9): The Pakatan Harapan government is looking to review its promise of building one million affordable homes as it now feels the country may not need that many units to address the affordable housing issue, said Housing and Local Government Minister Zuraida Kamaruddin.

KUALA LUMPUR (October 9): The government will be combining five existing agencies to form a single entity, known as the National Affordable Housing Council, to streamline and coordinate the development of affordable housing in the country.

KUALA LUMPUR (October 9): MMC-Gamuda KVMRT (T) Sdn Bhd said that the joint venture (JV) was not being given a fair chance to work out the cost reduction for the underground works of the mass rapid transit Line 2 (MRT2) as the Ministry of Finance (MoF) did not reveal the target it wants to achieve.

KUALA LUMPUR (Oct 8): Asian Strategy & Leadership Institute (Asli) chairperson Tan Sri Jeffrey Cheah said there is a need to change existing legislation for the real estate industry as the laws have not kept up with the pace of nation’s economic and social landscape.

KUALA LUMPUR (Oct 8): The Ministry of Finance (MoF) is "definitely not on an austerity mode", Finance Minister Lim Guan Eng said, as the government prepares for the upcoming Budget 2019, which will be tabled on Nov 2.

KUALA LUMPUR: (Oct 8): State governments play an important in providing affordable homes for the B40 and M40 groups as they can provide more land suitable for the development of affordable homes to the federal government, said Housing and Local Government (KPKT) Minister Zuraida Kamaruddin.

KUALA LUMPUR (Oct 8): There will be no change to the number of underground stations for the Mass Rapid Transit 2 (MRT2) project, Finance Minister Lim Guan Eng said, dismissing concerns after the federal government decided to retender all the unfinished underground work of the project via an international open tender process.

KUALA LUMPUR (Oct 8): The Housing and Local Government Ministry (KPKT) wants to review the Bumiputera housing quota policy and the release mechanism to ensure that they are in line with current market needs.