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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): 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): 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.

KUALA LUMPUR (October 8): Property developers have until the end of this month to announce the discount that can be passed on to house buyers arising from the sales and services tax (SST) exemption on construction materials, but cutting prices may not be as easy as it is set out to be.

PETALING JAYA (Oct 7): The RM2 billion that has been deposited by buyers of condominiums in Forest City into its Housing Development Account (HDA) proves that the units were transacted in Malaysia, said its developer Country Garden Pacificview Sdn Bhd (CGPV).

KUALA LUMPUR (Oct 6): Tien Wah Press Holdings Bhd’s Australian unit is disposing of a parcel of land in New South Wales, along with a building erected on it, for A$22.

GEORGE TOWN (Oct 3): Penang state assemblyman Jason Ong Khan Lee today suggested that the Penang governor’s official residence (pictured) along Jalan Utama should be opened for guided tours, reported the Malay Mail today.

KUALA LUMPUR (October 3): Savills Malaysia chairman Datuk Christopher Boyd said the thresholds for foreign property buyers should be removed in order to deal with the oversupply issue seen in the residential segment.

KUALA LUMPUR (October 3): Property developers are behaving more and more like local councils, Deputy Housing and Local Government Minister Datuk Raja Kamarul Bahrin Shah said, noting that this has given rise to the current form of townships that are not centralised and are dominated and led by private developers.

SERI KEMBANGAN (Oct 2): Developers, researchers and policy makers opined that to resolve the affordable housing availability problem, all stakeholders in the public and private sectors need to work together to offer multiple solutions.