News about housing

“While the domestic economy is on a strong footing, uncertainties surrounding external developments could affect Malaysia’s growth prospects,” BNM said.

The land, referred to as Parcel 1, is part of a larger 161.

Community builder and storyteller, Ng Ping Ho, talks to EdgeProp.

Datuk Chang Kim Loong: "For the average Malaysian, we have repeatedly said, owning a home is not just a dream but the largest financial commitment of a lifetime.

“We are of the considered view that a reasonable minister would have concluded that there are special circumstances that the EOT was necessary to the interest of the purchasers to ensure that the project is not abandoned.

There's a lack of synchronisation between new regulations and existing practices, and there is a need to refine the current strata management law, a KPKT official conceded.

This happens because developers either have not settled the land premium payments or have outstanding issues with the land office.

Datuk Seri Alexander Nanta Linggi also highlighted that SST on basic construction materials remains at 0%, which ensures that essential supplies remain affordable.

Government valuer Halimatul Saeidah Abd Ghani, 49, said the private valuer had not shown proof that he had failed to obtain permission to inspect or measure the government buildings on the 263.

“In today’s urban landscape especially in city centres, where residential units are often part of mixed developments due to land scarcity, subjecting these units to SST will inevitably lead to increased housing prices, ultimately impacting homebuyers who will have to bear the brunt.