News about housing

Minister Nga Kor Ming: This is very important because we want the PPRs, as well as our markets, to have their own architectural identity.

Aside from the completion of a number of housing projects for the rakyat, KPKT also introduced a number of guidelines for urban planning and sustainable developments in our cities that will be set in motion over the next few years.

Throughout 2023, EdgeProp has delivered numerous industry stories to ensure you stay well-versed and empowered in navigating the property landscape.

The minimum age requirement of the revamped MM2H has also been been lowered to 30 years, together with an expanded list of eligible dependents.

“Greening the buildings in Malaysia with the Energy Efficiency and Conservation Act 2023 will need to move to a whole-of-nation approach to reduce our greenhouse gas emissions by 45% across the economy by 2030, and to reach net-zero emissions by 2050.

KPKT is also proposing a consent threshold of a simple majority, which is 51% for abandoned projects to be redeveloped.

The intended partnership will look to develop PR1MA’s capabilities to drive the environmental, social, and governance (ESG) and clean energy agendas in PR1MA developments and communities.

The expansion of NEM also follows the recent announcement by Prime Minister Datuk Seri Anwar Ibrahim in Budget 2024 to extend the application period for the current NEM programme to end-2024, from end-2023 currently.

There should also be serious consideration for a third bridge linking Malaysia to Singapore in anticipation of increased economic activity, assuming that the successful implementation of the SEZ will lead to a “second take-off” for this region.

Consequently, this has led to “a number of unintended consequences”, the first of which is the increased number of completed but unsold units, which Tong said is incorrectly labelled as “overhang”.