Of affordability and housing cycles
KUALA LUMPUR (Sept 8): Guideline clarity, process transparency and constant engagement with relevant real estate stakeholders.
Johor govt: Forest City foreign ownership issue must be quickly resolved
JOHOR BAHRU (Sept 8): A solution is quickly needed to resolve the issue of foreigners purchasing residential properties at the Forest City mega project (pictured) in Gelang Patah, said the Johor state government.
MIEA appoints Soma Sundram as CEO
PETALING JAYA (Sept 7): The Malaysian Institute of Estate Agents (MIEA) has appointed Soma Sundram Krisnaswamy as its CEO.
Development land near public transport should be used for affordable housing, said Minister of Youth and Sports
KUALA LUMPUR (Sept 6): Minister of Youth and Sports Syed Saddiq Syed Abdul Rahman called for development land located near public transport infrastructure to be allocated for affordable housing developments, instead of selling them to the highest bidder from the private sector.
More Highland Towers unit owners identified
PETALING JAYA (Sept 6): The Highland Towers Redevelopment Committee, which was initiated by the Housing and Local Government (KPKT), has discovered the ownership status of more units within the doomed Highland Towers condominium at Bukit Antarabangsa, Kuala Lumpur, said the ministry in a press statement today.
USJ Heights residents living in fear despite paying for security facilities
PETALING JAYA (Sept 6): One would assume families can leave their homes confidently or sleep soundly if they live within a gated-and guarded development but that does not seem to be the case for those at USJ Heights in Subang Jaya.
Govt may review foreign property purchase policies – report
PETALING JAYA (Sept 6): Putrajaya may review policies on foreign property purchases as it investigates the ownership of properties by non-Malaysians in the RM410 billion-Forest City in Johor.
Johor to formulate clearer housing guidelines
KUALA LUMPUR (Sept 5): After the negative limelight over the US$100 billion Forest City mega project in Johor, the state government will now come up with clearer guidelines on residential development, especially involving the issue of gazetted international land.
‘Missing’ Johor affordable homes not built yet, says exco
KUALA LUMPUR (Sept 5): Umno Youth claimed that some homes were “missing” in Johor’s affordable housing scheme (RMMJ) but it looks like they have not even been built yet.
UOA REIT mulls formation of sub-MCs at its properties to avoid disputes
PETALING JAYA (Sept 4): UOA Real Estate Investment Trust (UOA REIT) is considering forming sub-management committees (sub-MCs) for properties held under UOA REIT as this will allow the different components in mixed developments to operate independently and avoid potential disputes.
