“REHDA agrees that introducing such measures can cause a collapse to the housing industry, which will also impact 180 upstream and downstream industries within the ecosystem, and eventually affecting the economy as well.
Town planners should consider a holistic approach to urban redevelopment, balancing historical preservation with modern amenities.
Climate change poses a significant threat to cities worldwide, with experts warning of increased risks from sea-level rise, flooding, heatwaves, and air pollution.
Housing and Local Government minister Nga Kor Ming: “Property investment is a tool for wealth preservation and inflation management.
"For this new Act, we propose that the consent threshold be no less than 80%.
“The new owners inheriting these properties may end up having to sell their ancestral home as they cannot afford to pay the imposed tax, thus losing their home and an investment kickstarted by their deceased family, and discourage long-term ownership of properties,” said REHDA president, Datuk Ir Ho Hon Sang.
While we don’t disagree with paying taxes on money made and even money spent (in the form of GST), paying taxes on things we own that we have already paid taxes on with already taxed money would be a SCAM.
The success of TODs in Malaysia hinges on coordinated planning, strong local authority involvement, and effective partnerships between stakeholders.
They include Rumah Idaman and Rumah Selangorku Harapan while the exemption does not apply to open market and other sub-sector projects.
Kuala Lumpur has the highest average rent at RM2,863, or 44% higher than the country average (RM1,995) and 51% higher than Selangor’s (RM1,899).
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