Home prices can come down if certain issues addressed, say developers

SERI KEMBANGAN (Oct 2): While the government is asking property developers to lower home prices following the Sales and Service Tax (SST) exemption on construction services and building materials, industry players said lower prices can be achieved if issues such as labour shortage and the lofty compliance and development costs are addressed.

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Johor Rehda: Do away with 15% bumiputra discount

JOHOR BAHRU (October 2): The Johor Real Estate and Housing Developers Association (Rehda) requests that the state government does away with the 15% discount for bumiputra properties worth RM1 mil and above, citing low take-up rates.

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Tough for govt to influence land prices, says Guan Eng

KUALA LUMPUR (Oct 1): In response to former prime minister Datuk Seri Najib Razak's comment on housing prices, Finance Minister Lim Guan Eng said it is tough to influence the price of land, which is why the government had opted to reduce the cost of construction instead.

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Rosmah to be questioned by police next

KUALA LUMPUR (September 28): After having been grilled by the Malaysian Anti-Corruption Commission in a session that lasted over 12 hours on Wednesday, Datin Seri Rosmah Mansor is expected to face another round of questioning — this time by the police.

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