Making homes generally affordable to local citizens should be an objective of the Malaysian housing sector.

Real Estate and Housing Developers’ Association (Rehda) Malaysia is of the view that to make housing “more affordable for all rakyat, the government should be fully responsible for the delivery of affordable housing, as it was over 50 years ago, and as it is in many countries worldwide”.

Zaini will report to the chief executive officer, Datuk Choong Kai Wai and “be responsible for strengthening the company's operating model to support growth through transformation”, stated S P Setia in a media release.

Eastern & Oriental Bhd (E&O) on Wednesday (May 26) announced that its township development project, Andaman Island Phase 1 has attained GreenRE Platinum Provisional Certification under the township category.

Bintai Kinden Corp Bhd made further announcements on its boardroom changes on Tuesday (May 16), including the return of its former chief executive officer Datuk Tay Chor Han as its new group managing director effective May 15.

Its executive director Noor Azri Datuk Seri Azerai has resigned due to personal reasons and time commitment on other companies. 

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.