News about housing

In a bourse filing, the group said its 60%-owned subsidiary LFE Development Sdn Bhd (LDSB) inked the joint venture agreement (JVA) with the owner of the land, Aziho Trading Sdn Bhd (ATSB), for the development of the project known as Taman Residensi Mesra Phase Four.

Tan Kian Aun, president of Malaysian Institute of Estate Agents: While property investors want to maximise their returns on investment, we also need to take into consideration of safety and also overcrowding of the apartment.

Minister of Natural Resources, Environment and Climate Change Nik Nazmi Nik Ahmad: The repercussions of climate change are being seen worldwide, including recent heatwaves that have affected many Asian countries, increasing sea levels, and more regular flooding in our backyards.

The Ministry of Local Government Development is working on a National Housing Action Plan, which includes home supply requirements based on metrics such as the ratio of the median house price to median income.

Rehda president Datuk N K Tong: The average citizens, who are still grappling with the aftermath of Covid-19, will undoubtedly feel the impact of the increase in legal fees.

This collaboration aims to provide a cost and space-efficient housing solution that effectively address workers’ accommodation issues, thereby creating a conducive work environment and infrastructure in Kedah, said Unitrade.

The commission said the imposition of fixed conveyancing fees is inconsistent with the fact that litigation fees in Malaysia do not follow fixed rates.

We believe that NBES is a very impactful project which will contribute significantly towards expediting BIM adoption and enhance the ease of doing business in construction,” said CIDB chief executive Datuk Ahmad Asri Abdul Hamid in a press statement.

According to the SRO 2023, the changes will “affect transactions involving non-contentious matters such as the sale and purchase of movable and immovable properties, financing and tenancies”.

PAM said this is due to an alarming increase in the unnecessary felling of street trees by local governments in the Greater Kuala Lumpur region.