News about housing

Local Government Development Minister Nga Kor Ming, in his written reply to Parliament, said that his ministry will issue the letter through the Department of National Housing to affected buyers to help ease their financial burden.

These lands are strategically located within the proximity of multiple industrial parks and the region’s economic hub of Johor Bahru, being just 18 kilometres (km) away from Senai International Airport with its associated logistics and industrial hubs, and 39km away from Johor Bahru city centre.

MM2H consultant, Gary Crestejo: For participants from developed countries, West Malaysia is still a closer match over East Malaysia as the lifestyles of cities like Kuala Lumpur and Penang are more similar to their hometowns, which will be easier to adapt Sunway University economist Dr Yeah Kim Leng said the initiative is laudable as it gives Sabah an edge to attract more MM2H applicants, where a greater number of investors and rich retirees will help to boost the economy.

The MOU aims to escalate efforts in pooling together ideas, resources and ecosystem partners to do more in making the city liveable, sustainable and prosperous, together.

“Through the programme, the government’s aim should be to help the industries and the nation’s economy recover, so companies can offer more jobs to more workers and be profitable to pay taxes.

President Datuk Chua Soon Ping complimented the state government in listening to Shareda’s recommendation to set the fixed deposit amount to RM200,000 as opposed to RM1.

Since 2013, banks have somehow been “selling” and “billing” the security documents to lawyers for prices ranging between RM100 and RM600.

Bank Negara Malaysia wants banks to cease charging a fee relating to the provision of housing loan or home financing documentation for financial customers.

The question that begs to be asked is: Why were these built there in the first place? More importantly, what needs to be done moving forward to ensure the problem does not repeat itself? Building cookie-cutter affordable homes is not just doing a disservice to those who need them, but fanning a burning issue that has been around for too long.

“The current guidelines proposed by the Penang government in July 2022 pose severe constraints on domestic and international travel to Penang; and will be detrimental to the state’s tourism industry and long-term economic growth.