KPKT to review Bumiputera quota policy, release mechanism
“It’s time to review the [release mechanism] policy as I understand some states even have a Bumiputera quota up to 70% for a housing development,” said KPKT Minister Zuraida Kamaruddin.
'Extend your land lease before it expires'
If the owner does not renew the lease and lets it expire, the land shall revert to and be vested in the state authority upon the expiry of the tenure.
DONE DEAL: Ground floor, 3-storey shopoffice, Bay Avenue, Bayan Lepas, Penang
Rented for: RM4,000 a month; Concluded by: Mayzel Wong (REN 17359) (017-575 8999) of Khoo & Associates Realty; When: July 2018
All stakeholders must help in resolving the lack of availability of affordable homes, say industry players
National Housing Department director-general Jayaselan Navaratnam said many people are arguing over the suitable price for affordable homes but it is impossible to standardise the calculations into one price tag.
KPKT to introduce comprehensive database by next year, says deputy minister
The database will include market demand and supply, transaction and property ownership data and become a reference property developers to better plan their supply as well as help authorities to filter the property investors (purchasers who own multiple properties) from first-time homebuyers.
Property investors should diversify portfolio to commercial and industrial properties, says expert
“Malaysian need to indulge less in residential property and starts to look at other types of properties which has growing potential and giving investors rental income,” he said.
This is why we invest in property
Landed homes in these five neighbourhoods saw capital growth of up to 239% from 2001 to 2017. They demonstrate why property continues to be a solid investment choice.
National Housing Policy 2.0 completed, pending cabinet approval
As of today, 1Malaysia Civil Servants Homes (PPA1M), Syarikat Perumahan Negara Berhad (SPNB), Perbadanan Pembangunan Bandar (UDA) and 1Malaysia People's Housing (PR1MA) has been put under KPKT.
KPKT may help developers, home owners sell properties priced below RM500,000
KPKT Minister Zuraida Kamaruddin said as the focus will be still on promoting homeownership among the M40 and B40 groups, overhang properties – defined as completed properties with Certificates of Fitness for Occupation (CFO) or Temporary Certificates of Fitness for Occupation (TCFO) which remain unsold after being on the market for at least nine months – in good locations which suit their needs will be considered for inclusion in the pool.
