Meryl Streep's Tribeca penthouse on sale for RM100m
PETALING JAYA (Aug 21): Legendary Hollywood actor Meryl Streep's Tribeca penthouse is on the market with an asking price of US$24.
Highland Towers site to be recreational park, flanked by 50 bungalows
PETALING JAYA (August 21): In new developments on the Highland Towers site, the proposed plan is to build 50 bungalows on 8ha of land around the site, turning the current location of the old towers into the recreational park that Housing and Local Government Minister Zuraida Kamaruddin spoke of on Aug 19.
Developer cashflow squeezed by longer retention sum period for defect and liability repairs
PETALING JAYA (Aug 16): A 2015 amendment to the Housing Development (Control & Licensing) Act (HDA) in 2015 aimed at protecting home buyers is further strangling the cashflow of property developers whose sales are already slow, reported The Edge Malaysia.
Kepong incinerator under review, KPKT mulls alternatives
PUTRAJAYA (Aug 17): Housing and Local Government Ministry (KPKT) Minister Zuraida Kamaruddin stressed that Kepong’s waste-to-energy (WTE) plant, which includes an incinerator, is still under review and the ministry will continue to look for other alternatives.
M'sia 1Q18 median house price is RM280k
PETALING JAYA (Aug 17): The median house price in the country in the first quarter of 2018 (1Q18) stood at RM280,000, according to the National Property Information Centre’s (Napic) The Residential Prices Quarterly Update report for the period.
Kepong MP Lim Lip Eng opposes incinerator project in his constituency
KEPONG (Aug 17): Kepong MP Lim Lip Eng will be writing an official letter to the Ministry of Housing and Local Government (KPKT) to oppose the waste-to-energy project at Taman Beringin here.
BNM: SST's impact on inflation should not be as significant as GST
KUALA LUMPUR (Aug 17): The reintroduction of the sales and services tax (SST) on Sept 1 is not expected to have a significant impact on inflation as seen by the introduction of the goods and services tax (GST) back in April 2015, Bank Negara Malaysia says.
Developers told ‘don’t come and complain’ if unaffordable homes don’t sell
GEORGE TOWN (August 16): Following a drop in demand for expensive units, State Housing Committee chairman Jagdeep Singh Deo said that building affordable homes is the way forward for developers.
Developers hope for proposed affordable housing entity to be thorough
CYBERJAYA (Aug 16): The Real Estate and Housing Developers' Association Malaysia (Rehda) (pictured) hopes that the proposed single entity to oversee affordable housing will be different from the rest as there is more urgency now to ensure the issues faced are addressed promptly.
Target of 1mil PR1MA homes off by 983,318
KUALA LUMPUR (August 16): Deputy Housing and Local Government Minister Raja Kamarul Bahrin Shah Raja Ahmad told Dewan Rakyat yesterday that only 16,682 units of 1Malaysia People’s Housing Programme (PR1MA) homes have been completed out of the targeted one million by 2020.
