KUALA LUMPUR (Nov 15): A total of 26,286 completed houses, valued at RM18.3 billion, were reportedly unsold in the second quarter of 2023 (2Q2023). Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir (pictured) stated that, according to the National Property Information Centre (Napic), this indicates a 5.3% decrease in total units and a 0.6%…
Read MoreKUALA LUMPUR (Nov 14): Kumpulan Perangsang Selangor Bhd (KPS), along with Menteri Besar Selangor (Inc) (MBI) and the Kuala Langat land administrator, have been sued by a trio over alleged fraud involving land in Kuala Langat. In a bourse filing on Tuesday, KPS said it had received a writ of summons and statement of claim…
Read MoreKUALA LUMPUR (Nov 15): Any future development to be implemented in the federal capital will depend on the outcome of a traffic impact assessment (TIA) being carried out, in an effort to address traffic congestion due to population growth. Deputy Minister in the Prime Minister’s Department (Legal and Institutional Reforms) Ramkarpal Singh said the TIA…
Read MoreKUALA LUMPUR (Nov 10): Real estate developer LBS Bina Group Bhd has secured a solar power capacity of 28.67 megawatts (MW) under the Corporate Green Power Programme (CGPP) — a renewable energy initiative by the government that allows corporate consumers to virtually purchase solar energy from solar developers. In a filing with Bursa Malaysia on…
Read MoreKUALA LUMPUR (Nov 14): Ipsos Malaysia is calling for a review of the 30% housing expense-to-income rule in assessing housing affordability, saying the current rule that deems a home unaffordable if households spend more than 30% of their income on it, is both “outdated and arbitrary”, which leads to suboptimal policies. The current rule is…
Read MoreKUALA LUMPUR (Nov 14): Seven local councils in Klang Valley have been instructed to identify bus stations and sidewalks leading to train stations that need to be upgraded immediately next year, said Transport Minister Anthony Loke Siew Fook (pictured). He said the instructions were made at the recent Cabinet meeting, where all parties agreed that…
Read MoreKUALA LUMPUR (Nov 14): Kuala Lumpur is trailing behind the supply for Net Zero Carbon (NZC) buildings, with only 35% of its prime office stock achieving some level of green certification, despite some attempts to incorporate green features into older buildings. In comparison with the Asia Pacific region, 47% of the prime office stock boasts…
Read MoreBy Joseph Wong The stories of home buyers facing penalties due to the inefficiencies of government and state agencies or the unscrupulous actions of developers and their agents have become all too familiar. These tales circulate through news reports, viral social media posts, conversations with family and friends or even the whispers at coffee shops….
Read MoreKUALA LUMPUR (Nov 14): A large number of private vehicles and the lack of parking spaces at People’s Housing Projects (PPRs), low and medium-cost stratified residential buildings in the capital city continue to cause distress to residents and members of the public. Vehicles such as lorries, school buses, vans and cars parked haphazardly on the…
Read MoreHype Residences is situated on 4.32 acres of land, with two towers consisting of 961 homes upon completion. SELANGOR: Sime Darby Property Berhad launched the first phase of its SJ7 transit-oriented development (TOD), Hype Residences, comprising 310 homes, which received a 100% take-up within one hour of its official launch. With a gross development value…
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