Utilise waqf trusts to improve affordable housing ownership
KUALA LUMPUR (April 3): Banks should look into utilising waqf trusts as a tool to improve affordable home ownership in the country.
Residential Tenancy Act to be developed in two years, says ministry
KUALA LUMPUR (April 2): Malaysia is currently studying the Residential Tenancy Act to provide new laws governing the country's housing rental market, said the Housing and Local Government Ministry today, adding the new act will take two years to develop.
KPKT looking to secure foreign financiers for RTO scheme
KUALA LUMPUR (April 2): Malaysia's Housing and Local Government Ministry is looking to secure foreign financiers to fund a Rent-to-Own (RTO) scheme for houses that will be built under the National Affordable Housing Policy.
Hike on normal housing not above 5%, to compensate loss in building public housing
PENANG (April 1): Penang exco Jagdeep Singh Deo said he has the figures to show that price hikes in normal housing, due to developers having to comply with affordable housing units, are not more than 5%.
Unsold housing units may rise further but sharp price drops unlikely
PETALING JAYA (March 27): Continuing soft market conditions and affordability issues in the country may see the level of unsold housing units rise further in the short term, however, sharp declines in house prices are unlikely, said Bank Negara Malaysia (BNM) in its Financial Stability and Payment Systems Report 2018.
Govt to introduce tightened rules on resale of affordable housing units, says Zuraida
KUALA LUMPUR (March 27): The government plans to introduce new rules on resale of affordable houses under the Affordable Housing Policy to control prices and ownership and to ensure the houses are utilised by only eligible applicants.
Govt reviewing state-offered lands for affordable housing, says Zuraida
KUALA LUMPUR (March 25): The Federal Government is currently reviewing the suitability of lands that have been offered by state governments for affordable housing purposes, said Housing and Local Government Minister Zuraida Kamaruddin.
All govt affordable housing to be built with IBS, says Zuraida
NILAI (March 16): All government affordable housing projects would be built using the industrialised building system (IBS) technology by 2024, said Housing and Local Government Minister Zuraida Kamaruddin.
Extending loan tenure to 40 years may not benefit borrowers
PETALING JAYA (March 12): There is talk that the maximum 40-year tenure offered to affordable housing loans may be extended to all mortgages too, as one of the counter measures to address the overhang issue straining the property market now.
Damansara Realty’s PPA1M project in Putrajaya cancelled
KUALA LUMPUR (Feb 27): Damansara Realty Bhd (DBhd) said Putrajaya Corp has cancelled a project to build 1Malaysia Civil Servants Housing (PPA1M) units and related commercial components in Precinct 5, Putrajaya.
