News about housing

PETALING JAYA (Sept 2): Putrajaya will come up with more explicit guidelines related to foreign purchases of properties into the RM410 billion-Forest City in Johor to help investors avoid making risky decisions, said Housing and Local Government Minister Zuraida Kamaruddin.

KUALA LUMPUR (Sept 1): The Housing and Local Government Ministry (KPKT) will meet with the developer of the Forest City megaproject project on Monday to learn more about the project, its minister Zuraidah Kamaruddin (pictured) revealed today.

PETALING JAYA (Aug 27): The Selangor state exco has proposed to establish a taskforce that will examine the costs of residential property development to the point where the property is sold, reported The Star.

PETALING JAYA (Aug 27): A manager at a property development company was arrested by police for swindling interested buyers of affordable homes in Johor out of RM5,000 each, reported The Star.

The government plans to announce a new national housing policy, and set up one entity to handle affordable housing, a move which has seen the property development sector grow more positive, though cautious.

It is not easy serving the people, as many of the new Malaysian cabinet ministers are quickly finding out.

The Pakatan Harapan (PH) coalition had marched into the 14th General Election with a clearly delineated manifesto which promises to revamp the system, wipe out corruption, revive the economy and lower the cost of living, among others.

Malaysia’s coming 61st National Day promises to be like no other.

PETALING JAYA (Aug 16): A 2015 amendment to the Housing Development (Control & Licensing) Act (HDA) in 2015 aimed at protecting home buyers is further strangling the cashflow of property developers whose sales are already slow, reported The Edge Malaysia.

PUTRAJAYA (Aug 17): Housing and Local Government Ministry (KPKT) Minister Zuraida Kamaruddin stressed that Kepong’s waste-to-energy (WTE) plant, which includes an incinerator, is still under review and the ministry will continue to look for other alternatives.