Non-Penangites can now buy affordable homes in state to address overhang
GEORGE TOWN (Jan 29): Non-residents of Penang are now allowed to purchase affordable homes in the state as the authorities here attempt to fix the “overhang situation”.
Finance Minister to make clear statement on ECRL soon, says PM
PUTRAJAYA (Jan 29): Prime Minister Tun Dr Mahathir Mohamad admitted that there have been some mistakes in the dissemination of information on the East Coast Rail Link (ECRL) project and said Finance Minister Lim Guan Eng will be issuing a statement on the matter soon.
Dr M on ECRL: Be patient and wait for Guan Eng’s statement
PUTRAJAYA (Jan 29): Prime Minister Tun Dr Mahathir Mohamad has urged the public to be patient with the government’s decision over the fate of the RM81 billion East Coast Rail Link (ECRL) project, and wait for the official statement from Finance Minister Lim Guan Eng.
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CIMB Research: National Affordable Housing Policy could bite into developers' margins
KUALA LUMPUR (Jan 29): The larger affordable homes under the National Affordable Housing Policy (NAHP) could further erode property developers' margins if no incentives or subsidies are given to private developers, according to CIMB Research.
Localised slab failure occurred at Bukit Bintang City Centre, no injuries reported
PETALING JAYA (Jan 29): A localised failure of a slab occured last Friday (Jan 25) at the Bukit Bintang City Centre (BBCC) development on the former Pudu Jail site in Kuala Lumpur, said Eco World Development Group Bhd (EcoWorld) in a press statement today.
Sepang fire claims two lives
PETALING JAYA (Jan 29): A fire broke out in a bedroom in Taman Desa Vista in Sepang, resulting in the deaths of two individuals today.
Unsold homes reach new heights
KUALA LUMPUR (Jan 29): The number of unsold homes in Malaysia has more than doubled, reaching a new high of 30,115 homes as at the third quarter of 2018 (3Q18).
Residential Tenancy Act needed to protect tenants’ right and avoid discrimination
KUALA LUMPUR (Jan 28): The Housing and Local Government Ministry (KPKT) will study the need to enact a Residential Tenancy Act to avoid discrimination against any races or gender, said its minister Zuraida Kamaruddin.
Govt RTO homes can only be resold to KPKT
KUALA LUMPUR (Jan 28): Houses under KPKT’s Rent-to-Own scheme can only be resold to the ministry to prevent speculation, said Housing and Local Government Minister Zuraida Kamaruddin.
National Housing Policy 2018-2025 aims to combat record property overhang
KUALA LUMPUR (Jan 28): After working for four months, the Housing and Local Government Ministry (KPKT) has finally unveiled the National Housing Policy (Dasar Perumahan Negara/DRN) 2018–2025 today, with the objective of gathering public and private sector resources to solve the demand and supply mismatch problem.
