The calls to reduce compliance cost and capital contributions in housing developments have been made for some time now and finally, the government or rather the new Pakatan Harapan administration has decided to do something about it.
PETALING JAYA (Nov 19): The Selangor authorities are planning to get an insurance company to provide coverage for private low-cost, high-rise homes, reported The Star today.
PENANG (Nov 19): The state government wants a new mechanism to curb low-cost and low medium-cost home owners from profiting from the sale of such property, reported The Star today.
NIBONG TEBAL (Nov 9): Half of the low cost flats in the state have become slums, says Jawi assemblyman Jason H’ng Mooi Lye.
KUALA LUMPUR (Oct 18): Revenue will continue to be diversified by increasing the contribution of indirect taxes and non-tax revenue such as licenses, permits, fees and rentals, said the mid-term review of the 11th Malaysia Plan.
KUALA LUMPUR (Oct 1): In response to former prime minister Datuk Seri Najib Razak's comment on housing prices, Finance Minister Lim Guan Eng said it is tough to influence the price of land, which is why the government had opted to reduce the cost of construction instead.
PETALING JAYA (Aug 27): The Selangor state exco has proposed to establish a taskforce that will examine the costs of residential property development to the point where the property is sold, reported The Star.
PETALING JAYA (Aug 12): Finance Minister Lim Guan Eng has announced that building materials and construction services will be exempt from the Sales and Services Tax (SST) which will come into force in September.
PETALING JAYA (Aug 9): The Perak state government is looking at ways to bring down property prices in the state, reported The Star.
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