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.

Persatuan Pemaju Hartanah dan Perumahan Malaysia (Rehda) berharap industri hartanah akan terus berkembang dan kerajaan akan mengambil kira isu pemilikan rumah dan daya beli.

The Real Estate and Housing Developers’ Association Malaysia (Rehda) is hopeful that the property industry will continue to flourish and the government to look into the matter of homeownership and affordability.

Inflation and a higher cost of doing business are likely to push property prices up by double-digit this year, Rehda president Datuk NK Tong has cautioned.

About 94% of developers polled by the Real Estate and Housing Developers’ Association Malaysia (Rehda) said they continued to face end-financing issues for buyers in the second half of 2022 (2H2022).

Rehda said that the fee is exorbitant for businesses, as a high number of workers is utilised in a single project that adds up to a hefty sum that may not be financially viable.

Rehda Institute — the research, education and training arm of the Real Estate and Housing Developers’ Association (Rehda) — is seeking ways to mitigate high compliance costs as discussed at a roundtable session titled Rehda Institute Housing Forward Roundtable: Cost of Doing Business 2023 on Thursday (Jan 12).

The new laws, which came into force on June 1, 2015, tightened the process of the segregation of the master title by the developer.