GEORGE TOWN (Oct 15): The government intends to extend the term of service of local authority council (PBT) members to one term instead of one or two years as currently practised, said housing and local government minister Zuraida Kamaruddin.
PETALING JAYA (Oct 15): Paramount Property Development Sdn Bhd lauded the government’s move to lower the property price threshold for foreign ownership as this is a good way of managing market inventories while welcoming global citizens to Malaysia, thus creating vibrancy to the market.
GEORGE TOWN (Oct 15): Each state government can still set the property price limit for foreigners based on the current situation in their respective states, says Housing and Local Government Minister Zuraida Kamaruddin.
SHAH ALAM (Oct 15): The Selangor government is reviewing the price threshold for home ownership among foreign buyers to address the problem of unsold luxury homes in the state.
JOHOR BAHRU (Oct 14): Several initiatives involving access to home ownership announced in the 2020 Budget two days ago are believed will enable more Malaysians including Johoreans to finally own a dream home.
PONTIAN (Oct 14): The Ministry of Housing and Local Government (KPKT) will hold discussions with the Ministry of Finance (MOF) on the lowering of the threshold for foreigners to purchase condominiums and apartments in urban areas from RM1 million to RM600,000.
KUALA LUMPUR (Oct 12): The 2020 Budget has provided a range of new programmes and incentives that will help solve the problem of home ownership among Malaysians.
PETALING JAYA (Oct 11): The government should be very careful in allocating funds to repair and refurbish low- and medium-cost strata housing as it could be sending the wrong message to the owners, warned the Building Managers Association of Malaysia (BMAM).
MIPFM: The real challenge of strata housing maintenance lies in the collection of maintenance charges
PETALING JAYA (Oct 11): While the government’s move to reinstate the maintenance of low and medium cost strata housing is laudable, it is likely that the state of these houses will fall back to square one if the real issue is not tackled, according to the Malaysian Institute of Property and Facility Managers (MIPFM).
PETALING JAYA (OCT 11): The Real Estate and Housing Developers’ Association Malaysia (Rehda) hopes that more government incentives will be forthcoming to further spur the property market after the Home Ownership Campaign 2019 (HOC 2019) ends Dec 31, 2019.