It’s not a wage problem, houses are just too expensive

  PETALING JAYA (Jan 30): To resolve the property supply and demand mismatch in Malaysia, Khazanah Research Institute (KRI) director of research Dr Suraya Ismail opined that housing prices just need to be within the average wage earners’ affordability level.

READ MORE

Developers foresee dark times due to glut, worse than 1999 crisis

GEORGE TOWN (Jan 30): The issue of oversupply of homes in the country is worsening, and authorities need to take action, especially in the affordable housing category, say developers, The Malay Mail reports that Penang Real Estate and Housing Developers Association (Rehda) chairman Datuk Toh Chin Leong said this was also why the National Home Ownership Campaign was being conducted.

READ MORE

Unsold homes reach new heights

  KUALA LUMPUR (Jan 29): The number of unsold homes in Malaysia has more than doubled, reaching a new high of 30,115 homes as at the third quarter of 2018 (3Q18).

READ MORE

KPKT may seek to lift ban on new luxury homes

PETALING JAYA (July 11): The Housing and Local Government Ministry may seek to lift the current freeze on new luxury residential developments, prompted by signs that the economy is improving, said its minister Zuraida Kamaruddin.

READ MORE