Developers foresee dark times due to glut, worse than 1999 crisis

GEORGE TOWN (Jan 30): The issue of oversupply of homes in the country is worsening, and authorities need to take action, especially in the affordable housing category, say developers, The Malay Mail reports that Penang Real Estate and Housing Developers Association (Rehda) chairman Datuk Toh Chin Leong said this was also why the National Home Ownership Campaign was being conducted.

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Rehda: Developers could work more closely with KPKT under new National Housing Policy

PETALING JAYA (Jan 29): Malaysia’s new National Housing Policy (Dasar Perumahan Negara/DRN) 2018-2025 provides  property developers with more clarity on the  possible ways the private and public sector can work together to resolve the market mismatch issue in the country, said Real Estate and Housing Developers’ Association Malaysia (Rehda) President Datuk Soam Heng Choon.

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