News about housing

Applicants to buy Rumawip (affordable housing) in Kuala Lumpur are asked to pay RM15,000 upfront to show the housing developer that they are committed to the purchase, says Deputy Federal Territories Minister Datuk Dr Loga Bala Mohan.

KUALA LUMPUR (Oct 5): The government has requested government-linked companies (GLCs) such as UDA Holdings Bhd (UDA) to build more affordable housing for lower-income earners living in Kuala Lumpur.

The Klang Valley residential market continued to slump for the second quarter of 2015 (2Q2015) in the aftermath of the implementation of the Goods and Services Tax (GST) in April, coupled with the weakening of the ringgit, which have tightened domestic spending.

The Penang government today launched the ‘Talents and Skill’ category for workers looking to buy affordable homes in the state.

KUALA LUMPUR (Sept 25): Housing affordability has been a thorny issue for the government, and the problem becomes even more prominent after the property boom in recent years.

SEREMBAN (Sept 14): The State Urban Wellbeing, Housing and Local Government Committee had vowed to do all it can to assist house owners facing land ownership problems in Taman Desa Duranta, Senawang, Negeri Sembilan.

GEORGE TOWN (Sept 10): The Penang government ‎has revived a 28-year-old project to build affordable housing, shop lots and a four-storey market and hawker complex in Paya Terubong.

IF you are purchasing residential property directly that is still being constructed, the party that you are dealing with is the developer.

PETALING JAYA (Aug 25): The Kalista 2 @ Seremban 2 executive apartments launched by IJM Land Bhd July this year is seeing a take up rate of 47% since it was launched in July, said IJM Land’s central region senior manager for property development Hoo Kim See.

KUALA LUMPUR (Aug 24): Property prices in Kuala Lumpur, Penang and Johor have outstripped the national median housing price of RM242,000, which is already considered "seriously unaffordable" at 4.