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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 said city would be…

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 one million affordable homes with…

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. Deputy Housing and Local Government Minister Datuk Raja Kamarul Bahrin Shah Raja Ahmad said it was among the leeways that could be given…

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 tackle the overhang in…

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 9,811 homes or RM18.28…

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. The Bill was among…

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 law in Scotland. “This…

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,” he said. “What is…