News about housing

PETALING JAYA (Aug 17): The median house price in the country in the first quarter of 2018 (1Q18) stood at RM280,000, according to the National Property Information Centre’s (Napic) The Residential Prices Quarterly Update report for the period.

KEPONG (Aug 17): Kepong MP Lim Lip Eng will be writing an official letter to the Ministry of Housing and Local Government (KPKT) to oppose the waste-to-energy project at Taman Beringin here.

GEORGE TOWN (August 16): Following a drop in demand for expensive units, State Housing Committee chairman Jagdeep Singh Deo said that building affordable homes is the way forward for developers.

CYBERJAYA (Aug 16): The Real Estate and Housing Developers' Association Malaysia (Rehda) (pictured) hopes that the proposed single entity to oversee affordable housing will be different from the rest as there is more urgency now to ensure the issues faced are addressed promptly.

KUALA LUMPUR (August 16): Deputy Housing and Local Government Minister Raja Kamarul Bahrin Shah Raja Ahmad told Dewan Rakyat yesterday that only 16,682 units of 1Malaysia People’s Housing Programme (PR1MA) homes have been completed out of the targeted one million by 2020.

KUALA LUMPUR (Aug 15): The Kedah government wants to make it easier for the people in the state to own homes.

PETALING JAYA (Aug 14): The Sales and Services Tax (SST) which will take effect next month will not be applied to building materials – namely bricks, cement and sand – and construction services, a move that Finance Minister Lim Guan Eng said will hopefully address property affordability issues hindering home ownership in Malaysia.

KUALA LUMPUR (Aug 13): While some building materials will be exempted from the soon-to-be implemented Sales and Services Tax (SST), house prices may not come down due to the increase in other cost components, said Housing and Local Government (KPKT) Deputy Minister Datuk Raja Kamarul Bahrin Shah.

KEPONG (Aug 13): A family of three were scammed out of more than RM620,000 by a syndicate claiming to be able to assist them in buying three semi-detached houses developed by Selangor State Development Corp (PKNS).

PETALING JAYA (Aug 13): The new National Housing Policy which is due to be announced in the next month or two aims to ease loan approvals for prospective home buyers, reported The Sun.