News about housing

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”.

As for how urban green spaces benefit economies, Mike Rands, a distinguished environment scientist, conservationist and ornithologist, pointed out that taking care of nature within urban settings had a spillover effect to businesses and the well-being of citizens KUALA LUMPUR (Nov 24): Think City and Yayasan Hasanah, the impact-based foundation of Khazanah Nasional Bhd, co-hosted Mike Rands, a distinguished environment scientist, conservationist and ornithologist (a bird expert), who spoke about how urban green spaces play an important role in a country's economy.

A new Act will surely come with its own set of challenges, but is KPKT capable of monitoring it when it has not been able to resolve the current spate of problematic projects? The Ministry of Local Government Development (KPKT) has recently announced that the Urban Renewal Act will be tabled next year.

E&O executive chairman Datuk Tee Eng Ho: Whichever condominium without Airbnb, their property price goes up, rental even much better.