KUALA LUMPUR: The Malaysian Institute of Estate Agents (MIEA) has extended its thanks and support to the Royal Malaysia Police (PDRM) and the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP) for a recent raid on the premises of a cooperative for allegedly conducting the business of real estate agency illegally. MIEA president […]
Conforming to tile standards
Did you know that it is mandatory for all floor tiles to undergo testing in accordance to their respective MS (Malaysian Standards) ISO standards? For example, ceramic tiles must adhere to the MS ISO 13006:2014 standard. This standard is regulated by the Construction Industry Development Board (CIDB) Malaysia as stipulated under Schedule 4 of CIDB […]
First green-powered homes in City of Elmina get good response
PETALING JAYA (Feb 11): The first green energy-powered homes in Sime Darby Property’s City of Elmina township in Shah Alam has achieved an 80% take-up rate during their first preview on Dec 14, 2019. The homes will be opened for final preview this coming Saturday (Feb 15). The Ilham Residence double-storey linked homes are the first of […]
Problems Of Low-Cost Housing
Rising property prices relative to income level, and the mismatch between supply and demand has caused an overhang situation in the property market. This is not a new issue, and the government has taken various initiatives to solve the problem. Among them is the construction of affordable homes to serve the people’s needs. But, are low-cost […]
Knight Frank: Residential market to make slow comeback in 2020
PETALING JAYA (Jan 8): The residential property market in Malaysia is expected to make a comeback in 2020, evident from the higher number of launches in the second half of 2019 (2H2019), said Knight Frank Malaysia managing director Sarkunan Subramaniam in a press statement in conjunction with the launch of the real estate consultancy’s Real […]
IDEAS: Let developers deal with consequences of their decisions
KUALA LUMPUR (Nov 28): Further credit easing for first-time homebuyers is not advisable, the focus should be on the problem of rising household debt which has been largely driven by housing loans, says think tank. The Institute for Democracy and Economic Affairs (IDEAS) released a statement today, to say that the government should focus on the […]
Types Of Titles, Tenure Of Property Titles, And Temporary Occupational Licence (TOL)
The main land law governing land ownership and tenure in Peninsular Malaysia is the National Land Code 1965 (NLC), which came into effect on 1st January 1965. Sabah and Sarawak have their own sets of laws: the Sabah Land Ordinance and Sarawak Land Code respectively. The land registration in all states in Peninsular Malaysia is the […]
Property overhang has to be addressed: PM
KUALA LUMPUR (Oct 15): The move to reduce the price threshold for foreigners to purchase property announced in the 2020 Budget was meant to address property overhang in the country that if left unchecked could contribute to financial woes like what was seen in some Asian cities, Prime Minister Tun Dr Mahathir said today. “So […]
Unsold homes spike over 1H19, says Napic
KAJANG: Residential overhang continued to increase in the first half of 2019 (H1’19) though at a lower rate than last year. According to the National Property Information Centre (NAPIC), bulk of the overhang units were condominium and apartment units priced between RM200,000 to RM300,000, mainly contributed by Perak. There were 32,810 residential overhang units worth […]
HBA: Lowering property price for foreigners will send wrong signal
KUALA LUMPUR: The National House Buyers Association (HBA) said the lowering of the floor price for foreign property buyers sends the wrong signal to developers. HBA honorary secretary-general Datuk Chang Kim Loong was commenting on the Johor state government’s proposal to lower the current RM1mil price threshold to RM600,000 in an effort to reduce its […]