News about affordable housing

KUALA LUMPUR (Oct 18): A total of 200,000 affordable houses are targeted to be built in the remaining 11th Malaysia Plan period, said Prime Minister Tun Dr Mahathir Mohamad.

PETALING JAYA (Oct 15): The National House Buyers Association (HBA) has called upon the Real Estate and Housing Developers Association (Rehda) to redefine its “outright unrealistic” definition of affordable housing, according to a New Straits Times report.

KUALA LUMPUR (Oct 15): Any introduction of new taxes — such as the inheritance tax and capital gain tax — could weigh on house buyers and investor sentiment, further impacting the property sector which has already been plagued by affordability and strict lending issues, according to TA Securities.

PETALING JAYA (Oct 15): Housing and Local Government minister Zuraida Kamaruddin said she is waiting for the developer of Forest City to brief her about their affordable housing plans that will purportedly cater to the needs and tastes of locals.

KAJANG (Oct 11): National Property Information (Napic) director Badrul Hisham Awang said plans are being made to form a federal-level independent committee to evaluate fair selling prices for homes in Malaysia, a replication of the model used in Melaka currently.

  PETALING JAYA (Oct 9): Housing and Local Government (KPKT) Minister Zuraida Kamaruddin said the government is not planning to provide any incentives for property developers using the Industrialised Building System (IBS) to build homes.

KUALA LUMPUR: (Oct 8): State governments play an important in providing affordable homes for the B40 and M40 groups as they can provide more land suitable for the development of affordable homes to the federal government, said Housing and Local Government (KPKT) Minister Zuraida Kamaruddin.

PETALING JAYA (Oct 7): The RM2 billion that has been deposited by buyers of condominiums in Forest City into its Housing Development Account (HDA) proves that the units were transacted in Malaysia, said its developer Country Garden Pacificview Sdn Bhd (CGPV).

SERI KEMBANGAN (Oct 2): Developers, researchers and policy makers opined that to resolve the affordable housing availability problem, all stakeholders in the public and private sectors need to work together to offer multiple solutions.

PETALING JAYA (Sept 29): The only way developers can bring property prices down is by cutting their profit margins, said a property industry observer.