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.
PETALING JAYA (Oct 10): The Federal Court will decide whether the Housing and Local Government (KPKT) Ministry has the authority to grant developers an extension of time (EOT) for their property development projects.
KUALA LUMPUR (Sept 26): It looks like the local property market is still not out of the woods, just yet.
KUALA LUMPUR (Sept 24): Reiterating Prime Minister Tun Dr Mahathir Mohamad's stance, Finance Minister Lim Guan Eng emphasised that while Malaysia welcomed all foreign property investors, it was opposed to the construction of townships exclusively for foreigners.
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.
PETALING JAYA (Aug 28): The Malaysian government has stressed that foreigners who wish to reside in Malaysia need to apply for permanent residency through the Malaysia My Second Home (MM2H) program.
PETALING JAYA (Aug 16): A 2015 amendment to the Housing Development (Control & Licensing) Act (HDA) in 2015 aimed at protecting home buyers is further strangling the cashflow of property developers whose sales are already slow, reported The Edge Malaysia.
KUALA LUMPUR (July 11): Putrajaya is studying the possibility of increasing minimum property prices for foreign buyers Housing and Local Government Ministry secretary general Datuk Mohammad Mentek told a local business publication that “a new threshold will be set based on the condition of the local currency”.
PETALING JAYA (June 19): The National House Buyers Association (HBA) is urging the government to allow the Employees’ Provident Fund (EPF) to extend financing for home purchases – particularly of affordable units – to eligible members, reported Free Malaysia Today.
KUALA LUMPUR (April 4): The Dewan Rakyat yesterday passed the Limitation (Amendment) Bill 2018, which extends the time limit of up to three years to house buyers to lodge a complaint over latent defects in their properties, Bernama reported.