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He said strategic partnerships with the finance sector will be intensified to ensure better access to housing financing for Malaysians, especially youth.

While acknowledging the rationale behind safeguarding the retirement savings of foreign workers, the association said the proposal will have significant cost implications, especially for the construction sector.

The build and lease agreement was signed between the company’s wholly owned subsidiary, Projek Tetap Teguh Sdn Bhd and a multinational corporation semiconductor maker based in Penang.

For 1QFY2025, the REIT declared a distribution of 1.52 sen per unit, slightly lower than the 1.55 sen per unit declared a year ago.

Startled residents immediately took to social media, speculating on the source of the boom and vibrations, which occurred at 11.06am, and police said investigations are now underway.

The escalating frequency of floods in Malaysia has become a pressing concern for both residents and policymakers.

Shares of Malaysian construction companies slipped on Monday, as the government refrained from announcing new mega infrastructure projects in Budget 2025.

The government's desire to create a livable and humane People’s Housing Programme (PPR) can be achieved through home purchase tax incentives and provisions for maintenance and upgrading projects as announced under Budget 2025.

Kuala Lumpur City Hall (DBKL) will utilise the RM10 million allocated in Budget 2025 to carry out an underground utility mapping study in the federal capital’s golden triangle, said Kuala Lumpur Mayor Datuk Seri Dr Maimunah Mohd Sharif.

While the newly announced Budget 2025 is not a “property budget”, property consultants applaud the introduction of tax relief for housing loan interest payments up to RM7,000, which is expected to encourage first-time homeownership.