News about cost

SHAH ALAM (May 17): S P Setia Bhd said today that the Malaysian property market may see improved buyer sentiment after the government announced that the goods and services tax (GST) rate will be reduced from 6% to 0% effective June 1 this year.

PETALING JAYA (May 11): The Asian Strategy and Leadership Institute (Asli) co-founder, director and CEO Tan Sri Michael Yeoh (pictured) believes that proposals set out by the Pakatan Harapan (Pakatan) coalition in their manifesto are achievable, good ideas which can accelerate the building of affordable housing.

KUALA LUMPUR (May 5): Bank Negara Malaysia (BNM) said yesterday the definition of affordable houses quoted by the Real Estate and Housing Developers’ Association (Rehda) as being in the price range of RM300,000 to RM500,000 is inaccurate.

KUALA LUMPUR (May 3): The overbuilding of affordable housing is “quite severe” as many developers have shifted into that segment to counter high loan rejection rates, with the oversupply exacerbated by a lack of accurate and  timely property market data, said the Real Estate and Housing Developers’ Association (Rehda) patron and Rehda Institute trustee Tan Sri Eddy Chen * JPPH: Property market to stabilise as economy improves “In fact, we are building everywhere — those affordable houses in the range of RM300,000 to RM500,000.

One of French artist Villemard’s futuristic works produced in 1910 was a painting that had envisioned that building construction works in the year 2000 will be undertaken by robots.

KUALA LUMPUR (April 2): There are now no more toll booths on Batu Tiga and Sungai Risau.

KUALA LUMPUR (Feb 26): A study by the UN Children’s Fund (Unicef) shows higher poverty and malnutrition rates among children living in the low-cost flats of Kuala Lumpur compared with the national average, Bernama reported today.

KUALA LUMPUR (Dec 11): SkyWorld Development Group has established its first RM1 billion Islamic bond or sukuk scheme to finance the property developer's projects.

PETALING JAYA (Nov 24): The major issue that has led to the current property overhang levels across the residential and commercial sectors boiled down to a lack of data, said the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS).

KUALA LUMPUR (Oct 19): Bina Darulaman Bhd's net profit for the third quarter ended Sept 30, 2017 (3QFY17) plunged 67.