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 […]
Long road to recovery for property sector
KUALA LUMPUR: Alliance DBS Research estimates that Malaysia’s property market will need at least another three years to absorb the unsold properties, assuming status quo in historical transaction volume. “Therefore, a meaningful recovery for the property market is only expected by 2023, ” it said in a research note on Thursday. It said the large […]
Planning and managing for better strata living
REHDA Institute’s Strata Planning & Management event was successfully held on 12th September 2019 at The Club @ Bukit Utama, attracting more than 300 attendees from as far as Penang, Kedah, Johor, Negeri Sembilan, and Melaka Dato’ Jeffrey Ng, Chairman of REHDA Institute, was present to give the keynote opening address in the morning. Notable speakers […]
No affordable housing, no approvals
KUALA LUMPUR (Sep 3): The Selangor state government has decided to withhold the necessary approvals for developers who do not meet its affordable housing quota, in a bid to rein in defiant ones who delay the construction of affordable units in their projects. According to the state government, any developments approved by its local councils, […]
KPKT and Finas helping local artistes in need to own their first homes
PUTRAJAYA (Aug 30): The Housing and Local Government Ministry (KPKT) has launched an initiative to help local artistes in need to own their first home at People’s Housing Project (PPR) schemes. The initiative called Inisiatif Perumahan Komuniti Seni Harapan was established in collaboration with the National Film Development Corp of Malaysia (Finas). It kicked off today with the […]
Living by the forest at Setia Eco Templer
The forest, fresh air, waterfalls, and everything else one loves about the great outdoors — all at your doorstep. Life at Setia Eco Templer offers all that and more. For city folks in Kuala Lumpur, living amidst nature is something they could only dream of, but just wait until you step into Setia Eco Templer, […]
Bank Negara opens RM1bil home loan scheme to bigger group of first-time buyers
KUALA LUMPUR: Bank Negara is opening up the RM1bil fund for affordable housing, introduced in January this year, to a bigger group of first-time home buyers. From Sept 1 onwards, the scheme will be opened to buyers with a maximum monthly household income of up to RM4,360. Previously, the eligibility was capped at household earnings […]