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News release

Govt asking for discounts of 
up to 20% at home campaign

Property developers are being asked to offer discounts of up to 20%, doubled what was committed for the Home Ownership Campaign (HOC), in order to clear the RM20 billion worth of backlog in the housing market. Finance Minister Lim Guan Eng said the effort is in line with the government’s mea-sure to ...

Unsold homes hit new heights

KUALA LUMPUR : 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). According to the National Property Information Centre (NAPIC), as of 3Q18, 30,115 unsold homes amounted to RM19.54 billion, a year-on-year increase of ...

Government to regulate low-cost property prices & rental.

Rent and prices for low-cost houses will soon be regulated once Putrajaya introduces the Rent Control Bill to clamp down on profiteering. Putrajaya said rent control was crucial towards making homes accessible to bottom and middle-income earners, particularly in crowded urban centres where property prices have quadrupled in the last decade. [caption ...

Law against racist landlords coming soon.

KUALA LUMPUR: Putrajaya is drafting a new law called the Residential Tenancy Act, which among others will address racial discrimination in the property market, following incidents of landlords refusing to accept tenants due to their ethnicity. Housing and Local Government Minister Zuraida Kamaruddin said the new law will follow a similar ...

Rumawip to be rebranded as Residensi Wilayah

THE Rumawip (Federal Territories Affordable Housing Project) project will be rebranded as the Residensi Wilayah affordable housing project, said Federal Territories (FT) Minister Khalid Abdul Samad. “Its concept remains the same – that of an affordable home for first-time house buyers. It is not the same as PPR or low-cost flats,” ...

Home Ownership Campaign (HoC) to help lift property market

KUALA LUMPUR: The Home Ownership Campaign (HoC) from Jan 1 to June 30, 2019 will help lift activities in the property market but may not parallel the achievement of the first campaign, said a property consultancy. “The scenario then and today is very different,” CBRE|WTW managing director Foo Gee Jen told StarBiz. ...

Low financial literacy holding back home ownership

SUBANG JAYA (Jan 23): One often overlooked issue hindering homeownership is the lack of financial literacy among Malaysians. “Financial literacy remains low and people somehow don’t fully understand what it takes to own a property,” RHB Bank head of group mortgages and ASNB business Anuar Amin said at a roundtable discussion ...

Malaysian Property prices likely to continue downtrend

Property prices in the country are likely to continue their downtrend for at least the first half of the year (1H19), despite improving consumer sentiment and proactive government policies announced in the Budget 2019, online property company PropertyGuru said. It said in a statement that this is validated by the ...

Property expert cautions government against taxing long-time owners who sell their homes.

PETALING JAYA: A senior chartered property surveyor has urged the government to exempt senior citizens from the real property gains tax (RPGT), saying it is not fair to burden them with the tax when they decide to sell their long-held properties. Ernest Cheong, who has over 40 years of experience in ...

Say “I Do” At The Largest Convention Centre In Southern Klang Valley The Launch Of Bangi Avenue Convention Centre By Avenue Garden Hotel

Kuala Lumpur, 16th August 2018 – Coined as an “oasis within the city”, Bangi Avenue Convention Centre (BACC) by Avenue Garden Hotel is poised to be hot on the “I Do” list for wedding seasons to come, as the largest multipurpose convention centre in Southern Klang Valley offers all your ...