News about US

PETALING JAYA (July 11): The Housing and Local Government Ministry may seek to lift the current freeze on new luxury residential developments, prompted by signs that the economy is improving, said its minister Zuraida Kamaruddin.

KUALA LUMPUR (July 11): Putrajaya is studying the possibility of increasing minimum property prices for foreign buyers Housing and Local Government Ministry secretary general Datuk Mohammad Mentek told a local business publication that “a new threshold will be set based on the condition of the local currency”.

KUALA LUMPUR (July 11): The government wants to stop using landfills while studies are to be conducted to adopt more energy efficient and eco-friendly methods of waste disposal.

KUALA LUMPUR (July 10): The Ministry of Housing and Local Government (KPKT) will consider conducting studies on the categories and levels of danger of recreational areas in the country.

KUALA LUMPUR (July 10): Majuperak Holdings Bhd managing director and group chief executive officer (CEO) Rustam Apandi Jamaludin will step down from his post on Oct 1.

PUTRAJAYA (July 9): The Ministry of Housing and Local Government (KPKT) has appointed 16 presidents to the Tribunal for Homebuyer Claims and Strata Management Tribunal to tackle the rising number of tribunal case in the country.

KUALA LUMPUR (July 9): A builder has told residents whose homes are on the hill slopes of Jalan Bukit in Kajang that “all due care will be taken in the construction of a three-block 1Malaysia People’s Housing Scheme (PR1MA) apartment project nearby”, reported The Star today.

KUALA LUMPUR (July 9): An earlier proposal to demolish and redevelop the long-established Concorde Hotel Kuala Lumpur (Concorde KL) — linked to Sultan of Selangor Sultan Sharafuddin Idris Shah, entrepreneur Tan Sri Syed Yusof Syed Nasir and Singaporean tycoon Ong Beng Seng — has been put on hold.

KUALA LUMPUR (July 8): The Ministry of Housing and Local Government (KPKT) has not received any report about the the construction of Federal Territory Houses (Rumawip) being halted, Bernama reported yesterday.

KUALA LUMPUR (July 7): News that the Housing and Local Government Ministry is in talks with Bank Negara Malaysia to draw out the guidelines for a more relaxed loan scheme for some homebuyers may raise hopes of better earnings for the property firms.