News about state

The global shift towards ESG now means “from changing our behaviour, we can even make money”.

Minister Akmal Nasrullah Mohd Nasir: Out of the total 22 projects that have not yet obtained a certificate of completion and compliance (CCC) or are still under construction, 13 are abandoned projects.

Currently, Akmal Nasrullah said the liquidator may charge a service charge based on Companies Winding-up Rules 1972 for the services provided and the rate of charge is subject to the complexity of the liquidator's role in managing the affairs of the housing project.

Chief executive officer Eddie Lee: ORESB has advanced over the years and succeeded in opening many branches in Malaysia.

With i-Miliki, an initiative under Putrajaya’s Home Ownership Programme 2022/2023 or HOPE, first-time purchasers of homes priced RM500,000 and below will be fully exempted from paying the stamp duties on the Memorandum of Transfer (MOT) and loan agreement, while first-time purchasers of residential units priced above RM500,000 up to RM1 million will receive 75% remittance on the two stamp duties.

A 100% stamp duty exemption is given to first-time homebuyers to purchase homes priced not more than RM500,000, while a 75% stamp duty exemption is given to those buying houses priced between RM500,001 and RM1 million, the ministry said.

“Social housing for rentals should become the social housing stock of the nation to provide transit housing for the incoming deserving households.

Local Government Development Minister Nga Kor Ming said: "This step is one of the collective initiatives between the government and housing developers in providing homes for the people.

“We should not ‘brand’ affordable housing as an effort that only the government can provide,” said Suraya Ismail, Director of Research in Khazanah Research Institute.

The association also wants the creation of a Housing Index “as different states and localities have different standards or definitions of affordable housing.