News about comment

The National House Buyers Association (HBA) acknowledges the challenges faced by Economy Minister Rafizi Ramli in implementing the NDFB, which will entail the Government’s commitment in resolving issues to improve the business environment by addressing structural and situational challenges especially when dealing with bureaucratic red tape, inefficient regulations and undue regulatory burden faced by investors and businesses in Malaysia The Government, through the Special Task Force to Facilitate Business (Pemudah) platform, is drafting a document entitled “New Deal for Business” (NDFB) to boost business confidence, stimulate economic growth and drive national digital transformation, reported the Business Insider recently.

Immediate past MIEA president Chan Ai Cheng highlighted the significant opportunity in the market arising from KPKT’s recent proposal to reduce the 100% consent threshold requirement for en-bloc sales.

"The first nine months of 2023 recorded among the highest numbers in transactions countrywide for the same period since 2011/2012’s peak point, indicating a sustained market momentum from 2022.

Overhang properties is mainly due to unmet housing demand related to varying economic climates, housing preferences, market sentiment, housing affordability, credit accessibility, as well as demographics and lifestyle changes.

JLL Malaysia logistics and industrial team member Derek Yap said warehouse absorption in Greater Kuala Lumpur remained robust last year, as demonstrated by the strong pre-commitment level from occupiers.

In a sector update on Friday, the research house said that if the government decides to proceed with the Johor Light Rail Transit (LRT) and Kuala Lumpur-Singapore High-Speed Rail (HSR) projects, it could boost demand for residential, commercial and industrial properties in Iskandar Malaysia in the coming years, leading to an increase in prices for strategically located parcels of land.

Panellists discussed what investors and consumers should watch out for when buying into stratified integrated development.

PEPS president Subramaniam Arumugam: Micromanaging the real estate sector in this sector in this manner, particularly through a government bureaucracy, may not align with investor-friendly policies.

“This time, the development is more focused.

Knight Frank Malaysia senior executive director of research and consultancy Judy Ong: Despite the inflationary pressures and elevated OPR (overnight policy rate), the residential property market appears to be moving in a positive direction, marked by increased sales volume, new property launches and successful completions.