News about housing

Chief Minister Chow Kon Yeow said, according to the Penang Property Market Report for the Fourth Quarter of 2024 released by Napic, a total of 2,796 residential units have been identified as unsold, involving various types of residential properties across the state.

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.

Housing and Local Government Minister Nga Kor Ming said the exemption applies to all residential buildings, including serviced apartments built on commercial land, provided they are intended for residential use and fall under the HDA.

“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.

“Sales of industrial properties as well as projects in Iskandar Malaysia remain strong year-to-date.

“Without a clear master plan led by the government, redevelopment risks becoming messy, disjointed, and even socially divisive,” said Mohamed Rafick.

Within the EU, young people tend to live at home the longest in Croatia, where they were 31.

Chief Minister Chow Kon Yeow said he has directed State Housing and Environment Committee chairman Datuk Seri S Sundarajoo to refine the policy with developers, to extend the discount to all buyers.

Immigration deputy director-general (Management) Ismail Mokhtar: “Customers place their bookings online, and these foreigners would manage the transactions.

State Housing and Environment Committee chairman Datuk Seri S Sundarajoo said the discount would be available throughout the campaign period, from June 1, 2025, to May 31, 2026, to boost the sale of such properties.