News about developers

PETALING JAYA (July 25): While the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) president Foo Gee Jen believed the drafting a commercial development act and streamlining housing data by introducing a data input system are laudable, his concerns lie in their enforcement and execution.

PETALING JAYA (July 25): The Ministry of Housing and Local Government (KPKT) is working with the National Property Information Centre (Napic) to streamline their housing data by introducing a data input system for developers at the beginning of next year, said its national housing department director-general Jayaselan Navaratnam “[The progress of streamlining the data] is still in the initial stage because we have come to an agreement first.

KUALA LUMPUR (July 25): The Ministry of Housing and Local Government (KPKT) has identified six agencies that will be involved in the establishment of a single entity to oversee and coordinate affordable housing development in the country, said the ministry’s national housing department director-general Jayaselan Navaratnam.

PETALING JAYA (July 5): Those buying homes at the Malaysia Property Expo (Mapex) in Penang will be exempted from approval fees, said state executive council member Jagdeep Singh Deo.

There has been a long ongoing debate on form versus function but advancements in construction and green technology are allowing property developers to come up with buildings and structures that are both aesthetically pleasing and sustainable in the long-run.

PETALING JAYA (July 3): The housing and commercial property glut in Kuala Lumpur is not a great cause for concern as the market will eventually adjust itself to accommodate the excessive supply, said the Malaysian Institute of Planners (MIP) president Ihsan Zainal Mokhtar.

PETALING JAYA (May 17): Property prices are expected to drop following the goods and services tax (GST) rate reduction to zero from 6% prior, with commercial properties to see an immediate drop come June, said the Real Estate and Housing Developers’ Association (Rehda) president Datuk Seri FD Iskandar.

PETALING JAYA (April 9): Uncertainties in the political landscape and a potential interest rate hike of 25 basis points will be the key deterrents to property demand in Malaysia, according to RHB Research Institute.

PETALING JAYA (March 30): The Ministry of Urban Wellbeing, Housing and Local Government must give homebuyers the right to be heard before developers are given an extension of time (EOT) to complete a project, the Court of Appeal ruled today.

KUALA LUMPUR (March 26): It has been more than three years since the puncture of the property boom.