Penang maintains prices of affordable and low-cost homes
PETALING JAYA (June 20): The Penang government will keep its ceiling on low-cost, low-medium-cost and affordable housing, said state housing exco Jagdeep Singh Deo.
S P Setia: Proposed zero-rated GST may boost local property market's buyer sentiment
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.
Asli: Proposed tax incentives by new govt will speed up affordable housing construction
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.
Rehda's definition of affordable house price is inaccurate, says BNM
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.
Rehda Institute: Overbuilding of affordable housing ‘quite severe’
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.
I, Robot, builds your home
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.
Batu Tiga, Sungai Rasau toll booths removed
KUALA LUMPUR (April 2): There are now no more toll booths on Batu Tiga and Sungai Risau.
Unicef: Higher child poverty, malnutrition rates in KL’s low-cost flats
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.
SkyWorld says established first RM1b sukuk
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.
PEPS: Property overhang caused by lack of information
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).
