News about housing

SERI KEMBANGAN (Oct 2): While it is still unclear when the property market will recover from the current slowdown, there are still opportunities to seize in the market, according to industry experts.

SERI KEMBANGAN (Oct 2): While the government is asking property developers to lower home prices following the Sales and Service Tax (SST) exemption on construction services and building materials, industry players said lower prices can be achieved if issues such as labour shortage and the lofty compliance and development costs are addressed.

SERI KEMBANGAN (Oct 2): The Housing and Local Government Ministry (KPKT) is now working on a comprehensive database which could help first time homebuyers to own a property, said KPKT deputy minister Datuk Raja Kamarul Bahrin Shah Raja Ahmad.

KUALA LUMPUR (Oct 1): In response to former prime minister Datuk Seri Najib Razak's comment on housing prices, Finance Minister Lim Guan Eng said it is tough to influence the price of land, which is why the government had opted to reduce the cost of construction instead.

KUALA LUMPUR (Oct 1): Metro Kajang Bhd managing director Tan Sri Eddy Chen (pictured) has been appointed as the new chairman of Perbadanan PR1MA Malaysia, the Prime Minister's Office announced today.

PETALING JAYA (Sept 29): The only way developers can bring property prices down is by cutting their profit margins, said a property industry observer.

KUALA LUMPUR (Sept 29): After having emerged as the highest bidder at S$318.

PETALING JAYA (Sept 28): Housing and Local Government Minister Zuraida Kamaruddin said the National Housing Policy (NHP) 2.

PETALING JAYA (Sept 28): The Housing and Local Government Ministry (KPKT) is looking at absorbing properties – both on the primary and secondary markets – priced at below RM500,000 into its pool of one million affordable homes.

Issues of housing supply, affordability, and home ownership have been in focus of late.