Economist expects a "lean and mean but supportive" Budget 2019
PETALING JAYA (Oct 10): SERC Sdn Bhd executive director Lee Heng Guie expects to see a “lean and mean but supportive” Budget 2019.
Rehda seeks more local govt support to reduce home prices
PETALING JAYA (Oct 10): The Real Estate and Housing Developers Association (Rehda) wishes to see more support from the local authorities to achieve the national goal of lowering down property prices.
Rehda urges states to adopt automatic release mechanism for bumi units
PETALING JAYA (Oct 10): The Real Estate and Housing Developers' Association (Rehda) has urged state governments to adopt an automatic release mechanism for properties allocated under bumiputera quotas to lower the high number of unsold units in the country.
Puchong LRT lift breaks down, leaves disabled commuters stranded
PETALING JAYA (Oct 9): The Pusat Bandar Puchong LRT station lift broke down leaving disabled commuters stranded with no way to exit the station.
DBKL to go after rent and assessment defaulters after revealing RM525m in arrears – report
PETALING JAYA (Oct 9): Dewan Bandaraya Kuala Lumpur (DBKL) will be taking action against assessment and rent defaulters after it revealed RM525 million in outstanding revenue as at August, reported The Star.
Government mulls reducing compliance cost for affordable housing developments
PETALING JAYA (Oct 9): The government is mulling a reduction in compliance costs for affordable housing developments by saving developers the burden of undertaking the construction of certain utilities infrastructure.
Current housing policies must change, said Asli chairperson
KUALA LUMPUR (Oct 8): Asian Strategy & Leadership Institute (Asli) chairperson Tan Sri Jeffrey Cheah said there is a need to change existing legislation for the real estate industry as the laws have not kept up with the pace of nation’s economic and social landscape.
Daim blames Jho Low's evasion on govt moles
PETALING JAYA (Oct 8): Fugitive financier Low Taek Jho aka Jho Low has successfully evaded Malaysian authorities thanks to moles in the civil service and enforcement agencies tipping off members of the former Malaysian government, said former Council of Eminent Persons (CEP) chairperson Tun Daim Zainuddin.
Cicet Asia fetes community at Greenfield Residence
KUALA LUMPUR (October 8): In the spirit of ‘harvest festival’, property developer Cicet Asia Development Sdn Bhd celebrated the arrival of the Mid-Autumn Festival last week with a community-engaging event at the Greenfield Residence Sales gallery, a resort style development located in Bandar Sunway, Petaling Jaya.
Passing on SST savings to buyers not easy
KUALA LUMPUR (October 8): Property developers have until the end of this month to announce the discount that can be passed on to house buyers arising from the sales and services tax (SST) exemption on construction materials, but cutting prices may not be as easy as it is set out to be.
