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"The Land Office will also move to seize the land if the factories are still operating without a license after that."

The iconic tower, which is phase 1 of Merdeka 118, offers 83 floors of office space of about 20,000 sq ft per floor and will have under-floor air-conditioning among other features.

The 4.38-acre development located at Taman Wahyu, Kuala Lumpur, offers 1,003 condominium units spread over three 43-storey blocks.

Zuraida observed that the bank approval rate for the affordable homes’ purchase has also improved.

KL and Penang occupancy rates above 80%

Underpinned by the strong GDP growth in the second quarter at 4.9% and several government-driven initiatives to further support the market activities in the housing sector.

"What is important is to come out with a scheme for those who are less bankable to help them become bankable… with some innovative schemes.”

Deputy Finance Minister Datuk Wira Amiruddin Hamzah: We thought that overhang homes were those that are priced above RM1 million but actually most of them are condominiums and priced at RM200,000 to RM300,000, which are categorised as affordable houses.

"Everyone is a crony," Najib said. "We all go to jail." The former prime minister said Malaysia benefited from his policies, and that if he's guilty, all Malaysians are guilty. 

“As property in Kampung Baru can only be sold to Malays, we cannot price it too high or it will not be affordable.”