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News release

Selangor Plans to Build 30,000 More Affordable Homes by 2025

Selangor Menteri Besar Amirudin Shari was reported announcing plans to build “some 30,000 units” of affordable homes at the launch of the Rumah Selangorku Idaman Residensi in Section 6, Selangor Cyber Valley, Cyberjaya. Touting the state government’s successful RumahSelangorku program that has already handed over keys to 3770 units to Selangorians, ...

Perak’s move to release bumiputera units early divides opinion

The Perak state government’s recent announcement that developers would be allowed to release unsold bumiputera units after six months if certain requirements are met has been met with both skepticism and optimism from interested parties on both sides of the equation. [caption id="attachment_6976" align="alignnone" width="1000"] Datuk Chang Kim Loong says ...

First Time Homebuyers: 8 Government Aids You Should be Leveraging

2019 is probably not the best year for Malaysian Property Investors, especially with the changes in the Real Property Gain Tax (RPGT) policies. However, this year may spell good news for first time home buyers, with the stamp duty exemption for the first RM300k for homes priced up to RM500k, ...

DPM Announces Plans for ‘Age Friendly City’ Together with United Nations Development Programme

Speaking at the Malaysia Urban Forum 2019 at the Kuala Lumpur Convention Centre, Deputy Prime Minister and Minister of Women, Family and Community Development Datuk Seri Dr Wan Azizah Wan Ismail announced planning for a new age-friendly city in conjunction with the United Nations Development Programme. Telling the assembled attendants that ...

PM announces new initiative for one million affordable homes to uplift the B40 group

In front of a capacity crowd of over 5000 at Padang Puchong Indah, Prime Minister Tun Dr Mahathir Mohamad announced the National Community Policy, or DKN, a initiative under the the National Housing Policy (2.0) to improve the lives of PPR (Program Perumahan Rakyat) residents, unveiling a plan to create ...

Government : Banks should ease requirements for B40 group to take mortgage.

DUNGUN, — Banks and financial institutions in the country have been advised to give leeway to housing loan applicants, especially those in the B40 group, by taking into consideration their income from part-time jobs. [caption id="attachment_6783" align="alignnone" width="966"] Raja Kamarul Bahrin speaks during a press conference in Parliament — Picture by ...

Government Asking for up to 20% Discount 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 ...