It is heartening to see that the government, through the 12th Malaysia Plan (12MP), has outlined a more holistic approach to affordable housing as an attempt to reform the housing market in the post-Covid-19 era.
Though it has been more than one year since the onset of the Covid-19 pandemic, it is still difficult to absorb the tremendous impact it has done to the country.
Shenzhen (Oct 25): In a move to stem its property prices from soaring beyond the grasp of ordinary folks like in Hong Kong, Shenzhen is introducing a new reform to its housing system.
KUALA LUMPUR (Oct 18): The development expenditure ceiling will be cut by RM40 billion or 15% to RM220 billion from the original allocation of RM260 billion under the 11th Malaysia Plan (2016-2020), as part of plans to consolidate the country's fiscal position.
KUALA LUMPUR (March 9): The formation of just a single agency tasked with the distribution of affordable houses can facilitate the monitoring of their supply and demand, said National Institute of Valuation (Inspen) Director Mohd Khairudin Abd Halim.
PETALING JAYA (Nov 24): The major issue that has led to the current property overhang levels across the residential and commercial sectors boiled down to a lack of data, said the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS).
KUALA LUMPUR (Nov 2): Construction of 255,341 units or 23% of the 1.
Source: Bank Negara Malaysia KUALA LUMPUR (Sept 20): Bank Negara Malaysia (BNM) said today that the maximum housing loan tenure of 35 years is more than sufficient for borrowers to settle their housing loans by their retirement age.
KUALA LUMPUR (April 5): Prime Minister Datuk Seri Najib Tun Razak (pictured) said the Government would build another 5,000 affordable houses in Miri and Kuching, Sarawak, to ensure more people could own comfortable and safe residential units.