Rehda: Property sales improve 16.8% to 5,303 units in 2H21
KUALA LUMPUR (March 15): Property sales in the country rose 16.
Will the RTA be an exercise in futility?
The government’s assurance that it would not rush into introducing the proposed Residential Tenancy Act (RTA) is wise, given the growing public disquiet.
Rehda: Residential Tenancy Act should be reviewed and reconsidered carefully
PETALING JAYA (March 2): The Real Estate and Housing Developers’ Association Malaysia (Rehda) is cognisant of the Residential Tenancy Act (RTA) proposed by the Ministry of Housing and Local Government (KPKT), which recently went through a month-long consultancy period with affected stakeholders.
Property Chat: Flawed demographic survey on proposed Residential Tenancy Act
The National Homebuyers Association (HBA) is calling out that the drafted laws of the proposed Residential Tenancy Act (RTA) draft have incomprehensible sections.
Water must be flowing and electricity running when handing over Vacant Possession: says Court of Law
The Delivery of Vacant Possession (VP) under Housing Development (Control and Licensing) Act 1966 (HDA 1966) has presented a perennial question to purchasers: Why are the purchasers being delivered purportedly completed housing property that could not be occupied due to not having an actual supply of running water and electricity? Under the current act, which is to be read together with the Housing Development (Control and Licensing) Regulations 1989 (HDR 1989), the developer is supposed to conduct the delivery of VP of the completed property to the purchasers with water and electricity supply ‘ready for connection’.
Seoul’s unaffordable housing market show signs of cooling down
SEOUL (Feb 8): With Seoul’s presidential vote due in March, the capital’s housing market is starting to show signs of cooling off, according to Reuters.
Sheda: Minimum wage hike may increase unemployment rate
KUCHING (Feb 8): An increase of the minimum wage may lead to an increase of unemployment rate as employers may end up hiring fewer workers due to the high cost, said Sarawak Housing and Real Estate Developers’ Association (Sheda) president Augustine Wong Chung Ho.
Relocate Tanjung Aru residents to nearby PPRs location
KOTA KINABALU (Jan 26): The Tanjung Aru Community Development Leader Unit (UPPM) has urged the Sabah Housing and Town Development Board (LPPB) to identify a nearby People’s Housing Project (PPR) for the Tanjung Aru Flat residents after the latter had informed them to vacate their homes due to safety reasons, reported by The Borneo Post.
PPP could be solutions for unbuilt low-cost housing in Johor
JOHOR (Jan 12): It is hoped that the public-private partnership (PPP) programme will be able to solve the unbuilt low-cost housing issue in Johor, says Real Estate and Housing Developers Association (Rehda) in a report by The Star.
CBRE | WTW cautiously optimistic for moderate growth in 2022's property market
KUALA LUMPUR (Jan 12): The property market, which was subdued last year, is expected to see moderate growth in 2022, in tandem with expected recovery of the global economy, said CBRE | WTW Group Managing Director, Foo Gee Jen during the media launch of the real estate consultancy’s 2022 Market Outlook Report at the Malaysia International Trade and Exhibition Centre on Tuesday (Jan 11) morning.
