News List

Penang spends RM240.3 mln on housing maintenance projects since 2008 - Jagdeep

BUTTERWORTH, Feb 18 -- The Penang state government has spent RM240.3 million on public and private housing maintenance projects as well as housing maintenance projects under local authorities (PBT) since 2008, said State Housing, Local Government, Town and Country Planning Committee chairman, Jagdeep Singh Deo.

Lendlease targets to lease 90 pct of The Exchange TRX retail by end-2021

By Zarul Effendi Razali

KUALA LUMPUR, Jan 19 -- Lendlease Group, the developer of the retail-led mixed development part of the The Exchange TRX project, is eyeing to have the retail portion 90 per cent leased by end of 2021.

Serviced residences record demand growth of 17.3 pct in 2019

KUALA LUMPUR, Jan 17  -- Serviced residences recorded the highest demand growth of 17.3 per cent last year among the three property types, followed by condominiums at 14.2 per cent, due to a modest drop in capital appreciation, according to the 2019 Portal Demand Analytics. 

Reduce property prices to clear overhang units, urged CBRE-WTW

KUALA LUMPUR, Jan 16  -- Reducing the property prices is the only approach to clear the overhang units in the country, urged CBRE-WTW managing director Foo Gee Jen.

180,000 affordable homes to be built in Penang by 2030 - Jagdeep

BATU KAWAN, Jan 13 -- The Penang government targeted to build 180,000 affordable housing units in the state by 2030, state Housing, Local Government and Town and Country Planning Committee chairman, Jagdeep Singh Deo said today.

Time To Review Housing Legislation

By Prof Dr Ismail Omar

The writer Prof Dr Ismail Omar is the president of the Land Professionals Association of Malaysia (PERTAMA) and a senior lecturer in real estate management at Universiti Tun Hussein Onn Malaysia.

KUALA LUMPUR (Bernama) -- The Housing Development (Control and Licensing) Act 1966 (Act 118) is outdated and has to be amended to meet the demands of the people and resolve their housing woes.

Issues related to affordable housing and unsold housing units have to be resolved. Also unresolved are issues pertaining to the supply of land, including Malay Reserve Land and wakaf land, to build houses for the B40 group.

The time has come for housing-related laws to be reviewed, amended and harmonised to keep pace with current requirements.

Expand digitalisation to affordable homes, Adly urges developers

MELAKA, Dec 17 -- Housing developers in the state should expand the 'digital home' concept to affordable homes.

Eco World International optimistic of notching RM5 bln sales in FY20

KUALA LUMPUR, Dec 12 -- Eco World International Bhd is optimistic of achieving close to RM5 billion sales for the financial year ending Oct 31, 2020 (FY20), which is the balance of the RM6 billion sales set for two financial years beginning FY19.

RM34.8 million maintenance fund for Penang under consideration - Jagdeep

GEORGE TOWN, Dec 10 -- The Housing Ministry is considering to allocate RM34.8 million from two maintenance funds to Penang, state Housing, Local Government and Town and Country Planning Committee chairman Jagdeep Singh Deo said today.

Property market to see uptick in H2 2020 - Propertyguru malaysia

KUALA LUMPUR, Dec 5 -- PropertyGuru International (M) Sdn Bhd (PropertyGuru Malaysia) maintained its “neutral” outlook for the country’s property market in 2020, but expecting an uptick in the second half of 2020 (H2 2020).