News about housing

Datuk Aiman Athirah Sabu: For the low-income (B40) and middle-income (M40) groups, the government provides SJKP financing guarantees of up to RM500,000 for the purchase of a first home, whether new, existing or auctioned.

Zaliha stressed that demand for homes in Kuala Lumpur remains strong, noting that unsold units in the city declined by 10.

“For the low-income (B40) and middle-income (M40) groups, the government provides SJKP financing guarantees of up to RM500,000 for the purchase of a first home, whether new, existing or auctioned.

The Public Accounts Committee said there is a conflict between the 2020 development plan, which designates the area as a retention pond and recreational park, and the 2040 draft plan, which proposes residential development.

The Public Accounts Committee found that government land had been undervalued for years due to a 30-year-old formula to calculate land premiums, leading to land being sold below market value and causing potential losses to the government.

The coalition consists of 75 residents associations led by KL Residents Action for Sustainable Development and PJ Sejahtera that represents eight residents’ associations in Petaling Jaya and four non-governmental organisations.

Housing and Local Government Minister Nga Kor Ming: Under the 13MP, developers who successfully implement the ‘build and sell’ model will receive government incentives.

To date, Century Software has implemented and maintained systems for more than 100 federal, state and local authorities nationwide, it was reported.

KPKT said the Bill also upholds the principle of “no less favourable”, whereby each owner will receive a replacement housing unit that is larger, of higher value and equipped with modern facilities, without any additional cost.

The Members of Parliament have called for the Bill to be referred to two committees—Infrastructure, Transportation and Communications, and Women, Children and Community Development—and for a full social impact study to be commissioned.