Property Chat: Flawed demographic survey on proposed Residential Tenancy Act
The National Homebuyers Association (HBA) is calling out that the drafted laws of the proposed Residential Tenancy Act (RTA) draft have incomprehensible sections.
Matrix Concepts says 3Q profit up 16.7% q-o-q, pays 3.75 sen dividend
KUALA LUMPUR (Feb 24): Matrix Concepts Holdings Bhd registered a near 20% drop in net profit year-on-year (y-o-y) for the third quarter ended Dec 31, 2021 (3QFY22) to RM60.
IPC Shopping Centre continues to strengthen its position as a family-friendly shopping destination
PETALING JAYA (Feb 22): IPC Shopping Centre has been upgrading its facilities as it aims to improve the shopping experience of its customers whilst it continues to maintain itself as a family-friendly shopping mall.
No immediate plans to develop land in Pahang amid uncertainties, says Mitrajaya
KUALA LUMPUR (Feb 21): Construction and property group Mitrajaya Holdings Bhd said there are no immediate plans to develop the five pieces of land in Bentong, Pahang, that it is in the midst of purchasing in view of uncertainties in the speed of economic recovery post-Covid-19.
Financing alone not enough to address B40, M40 homeownership, says Nor Shamsiah
KUALA LUMPUR (Feb 11): The issue of homeownership among the bottom 40% (B40) and middle 40% (M40) income groups “cannot be addressed by financing alone", rather by also dealing with the acute supply and demand mismatch and improving house price transparency, said Bank Negara Malaysia (BNM) governor Tan Sri Nor Shamsiah Mohd Yunus.
Water must be flowing and electricity running when handing over Vacant Possession: says Court of Law
The Delivery of Vacant Possession (VP) under Housing Development (Control and Licensing) Act 1966 (HDA 1966) has presented a perennial question to purchasers: Why are the purchasers being delivered purportedly completed housing property that could not be occupied due to not having an actual supply of running water and electricity? Under the current act, which is to be read together with the Housing Development (Control and Licensing) Regulations 1989 (HDR 1989), the developer is supposed to conduct the delivery of VP of the completed property to the purchasers with water and electricity supply ‘ready for connection’.
Seoul’s unaffordable housing market show signs of cooling down
SEOUL (Feb 8): With Seoul’s presidential vote due in March, the capital’s housing market is starting to show signs of cooling off, according to Reuters.
Sheda: Minimum wage hike may increase unemployment rate
KUCHING (Feb 8): An increase of the minimum wage may lead to an increase of unemployment rate as employers may end up hiring fewer workers due to the high cost, said Sarawak Housing and Real Estate Developers’ Association (Sheda) president Augustine Wong Chung Ho.
Building affordable homes with digitalisation efforts
PETALING JAYA (Feb 7): Boustead Properties aims to build affordable homes that are sustainable and environmentally friendly, driven with technological solutions, according to a report by The Malaysian Reserve.
UDA Holdings to launch terraced house projects — Pisonia Villa Package 2 and Areca Terrace — in Johor Baru
PETALING JAYA (Jan 28): UDA Holdings Bhd will launch two-storey terraced house projects Pisonia Villa Package 2 and Areca Terrace with 53 and 172 units respectively in Bandar UDA Utama with freehold status.
