News about affordable housing

KUALA LUMPUR (Feb 13): Sarawak-based engineering and construction group Hock Seng Lee Bhd (HSL) is all out to cater to the rising demand for affordable housing in the state’s major urban centres, especially Kuching.

PETALING JAYA (Jan 31): Hua Yang Bhd’s maiden project in Penang, Meritus Residensi, has recorded a 34% take-up rate as of today since the project’s introduction last November, said the developer in a statement.

BUTTERWORTH (Jan 31): Property developer Hua Yang Bhd expects its northern region projects to contribute up to 30% to its revenue for its year ending March 31, 2018 (FY18).

KUALA LUMPUR (Jan 18): This year will see all eyes — including property developers’ — on affordable housing priced between RM400,000 and RM500,000, said property consultancy firm CBRE | WTW.

KUALA LUMPUR (Jan 17): Hua Yang Bhd saw its net profit decline 65.

KUALA LUMPUR (Dec 5): Bina Darulaman Bhd (BDB) is targeting RM900 million in gross development value (GDV) of property launches for the financial year ending Dec 31, 2017 (FY17), with the group maintaining its focus on the affordable housing segment.

IT is safe to say that private developers have been subdued post-Budget 2017.

KUALA LUMPUR (Nov 4): Property developer LBS Bina Group Bhd is confident of achieving its sales target of RM1.

KUALA LUMPUR (Nov 1): A property investment consultant has suggested that the government consider imposing a 30% affordable housing quota in every residential development project instead of low-cost housing, Bernama reported today.

PETALING JAYA (Oct 25): The good intentions behind the measures to increase the supply of affordable housing announced in the recently tabled Budget 2017 may be good but they would need effective implementation, said the Selangor branch chairman of the Real Estate and Housing Developers' Association Malaysia (Rehda), Zulkifly Garib.