The increase in the overnight policy rate (OPR) to 3% on May 3 is expected to have an impact on property market activity, particularly residential demand, said the National Property Information Centre (Napic).

In an effort to have Malaysian property players to learn and emulate Singapore’s industry practices, the training, research and education arm of the Real Estate and Housing Developers’ Association of Malaysia (Rehda), Rehda Institute organised the Asia Real Estate Leaders Masterclass & Tour in Singapore, last week.

Real Estate and Housing Developers’ Association (Rehda) Malaysia is encouraged that the “new Unity government is taking a pragmatic approach” to review the conditions for the Malaysia My Second Home MM2H scheme which had been made stricter in 2021.

This is the second POE team under KPKT, where the first POE of 25 members was initiated last year by the previous KPKT minister Datuk Seri Reezal Merican Naina Merican. 

The Local Government Development Ministry (KPKT) yesterday presented letters of appointment to 28 individuals who will make up a Panel of Experts (POE) to advise on programmes and policies that help the ministry tackle housing issues, solid waste issues and improving urban environments.

The number of sick, delayed or abandoned projects — which has risen to about 1,007 — is expected to increase further, due to the end of the extension of time for many projects, which was previously granted during the pandemic. 

Rehda Institute and BPMB signed an MOU for the research works spanning from real estate and property development, housing policies, banking and financing, to environmental, social and governance, and the development of smart cities. 

There are authorities in different states that practise different models of financial contribution currently.

The revised Budget 2023 was tabled earlier on Friday (Feb 24) by Prime Minister Datuk Seri Anwar Ibrahim. The budget themed “Menbangun Malaysia Madani” is aimed at helping the rakyat and boosting the economic prospects of the country.

The  Real Estate and Housing Developers’ Association (Rehda) Malaysia supports the revamped Budget 2023 tabled today, which includes the measures aiming to assist the rakyat, while ensuring an inclusive and sustainable economic growth, its president Datuk NK Tong said.