KUALA LUMPUR (Aug 1): The government has proposed a build-then-sell model for the property market under the 13th Malaysia Plan (13MP). To do this, the government plans to amend the Housing Development Act 1966 to make the build-then-sell model mandatory. Currently, the law allows developers to sell homes before they are built under the sell-then-build…
Read MoreKUALA LUMPUR (July 31): A new rent-to-own (RTO) scheme model will be introduced to offer a more flexible and affordable rental system, aimed at enhancing homeownership opportunities for the rakyat. According to the 13th Malaysia Plan report released on Thursday, the government will also explore the establishment of a housing consortium to ensure more efficient…
Read MoreMinistry of Economy: The potential for designating part of large-scale high-rise housing areas as public facilities, such as schools and health clinics, will be explored to ensure that housing development and facility provision are implemented simultaneously and in an integrated manner. KUALA LUMPUR (July 31): A new and more comprehensive project management mechanism will be…
Read MoreKUALA LUMPUR (July 30): Kwasa Land Sdn Bhd, a wholly owned subsidiary of the Employees Provident Fund (EPF), has awarded LBS Bina Group Bhd (KL:LBS) development rights for an RM8.3 billion residential project in the Kwasa Damansara township. The Development Rights Agreement was signed between Kwasa Land and LBS’ subsidiary LBS Kwasa Damansara Sdn Bhd,…
Read MoreAs part of the Phase 1 development of GRIP Kota Puteri, PKNS is introducing 13 industrial land lots ranging in size from 3.71 to 6.62 acres, suitable for various industrial needs. SHAH ALAM (July 30): The Selangor State Development Corporation (PKNS) yesterday organised a preview/industrial showcase of GRIP Kota Puteri Phase 1 to promote the…
Read MoreSetia Gardens Residences, set for completion in 2027, is designed to be a new landmark in the Northern corridor of Ho Chi Minh City. KUALA LUMPUR (July 30): S P Setia Bhd conducted a ground breaking ceremony for its flagship development, Setia Garden Residences in Ho Chi Minh City, Vietnam on July 26. The development…
Read MoreKLK Land partners Kuen Cheng Education to build second high school campus in Sg Buloh The partnership aims to provide quality education to residents in the Northern Klang Valley Corridor by expanding the area’s integrated education zone. Among the schools in this zone are: Wesley Methodist Private School, SJK (T) Ladang Coalfields, and a new…
Read MoreEPIQ data reveal inflated prices in KL condo transactions that disrupt market valuations If these hidden kickbacks are indeed influencing appraisals, they can infiltrate the valuation process and establish systemic errors. PETALING JAYA (July 29): Records of multiple condominiums trading at more than double their median prices psf have triggered alarms over potential transaction discrepancies. …
Read MoreHe said that the train operations at the affected stations will begin at 9am, instead of 6am, to allow comprehensive testing of the new signalling system before its full implementation. KUALA LUMPUR (July 29): Upgrading works on the LRT Kelana Jaya Line signalling system are expected to affect more than 27,000 train commuters, according to…
Read MoreNo change to construction sector SST revenue threshold of RM1.5m, says Ahmad Maslan Deputy Minister of Works Datuk Seri Ahmad Maslan told the Dewan Rakyat that the RM1.5 million threshold is appropriate, and small-scale contractors with project values below this threshold will not be impacted by the tax. KUALA LUMPUR (July 28): The government will…
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