"I am optimistic of the property market because of the policies and with all the efforts [by] different parties, the market will improve and the rakyat will benefit [and can] own a home. Things will get better for all of us, hopefully," said Zuraida after the launch of the Malaysia Property Expo (Mapex) organised by the Real Estate Housing Developers Association (Rehda) here today.
Johor leads with 5,988 overhang units followed by Selangor (4,694 units) and Penang (3,958 units).
The proposal follows the issue of inflated housing prices and the government's lack of clarity over selling prices, the GDVs of housing projects and the cost breakdown of a property development, he said.
Although the property market recorded a marginal decline in the first half of 2018 with 149,889 transactions worth RM67.74 billion, recording a decrease of 2.4% and 0.1% compared to 1H2017 which recorded 153,526 transactions worth RM67.83 billion, he said the decline may be due to factors such as the festivities period in 1Q2018 coupled with the subesequent election period which saw many buyers adopting a wait-and-see approach.
Eunice Teo of Crazy Rich Asians fame presented 15 floral arrangements — 14 of which were recreations of designs featured in the movie. It was an afternoon well spent for all who witnessed it.
Damansara Uptown was developed in the early 1980s by See Hoy Chan Sdn Bhd Group. Among the initial developments were Uptown 1, Uptown 2, Uptown 3 and Uptown 5 office buildings. Some notable tenants of the premises include multinationals, fast-moving consumer goods and pharmaceutical companies like Walt Disney, Mars Food, Sony, Aspen Medical Products and Lafarge Malaysia.
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The Desa Putra Condominium management committee chairman Abu Bakar Ariffin said this action is a “blatant failure of transparency, a sign of non-engagement and disregard for due process and arrogant indifference to the needs of tax-paying Kuala Lumpur residents”.
Prior to this appointment, Nor Hisham was the president of the Subang Jaya Municipal Council (MPSJ) on a contractual basis after compulsory retirement from the civil service in 2016.
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