Real estate industry experts highlighted that the need for old building refurbishment and modernisation is dire, as about two-thirds of Malaysia’s existing old buildings that no longer meet current building codes, energy efficiency, and safety regulations, will still be used until 2050.

Real Estate and Housing Developers’ Association Malaysia (REHDA) has called for building industry players to be excluded from paying the levy imposed by the Human Resource Development Corp (HRD Corp).

The Petronas Twin Towers was also the recipient of the Editor’s Choice Awards for Timeless Excellence.

Datuk Ir Ho Hon Sang of Equatorial Palms Sdn Bhd has been elected Real Estate and Housing Developers’ Association (REHDA) Malaysia president during the association’s Annual Delegates Conference on June 29.

Malaysia Property Exposition (MAPEX) 2024 will specifically feature a ‘Green Section’, which is in line with the government’s aspiration towards sustainability in the Malaysian property sector.

Fong was previously Rehda Youth chairperson from 2016 to 2018.

S P Setia Bhd (KL:SPSETIA) chief operating officer Datuk Zaini Yusoff (pictured) has been reappointed as chairman of the Real Estate and Housing Developers' Association Malaysia (Rehda) Selangor Branch for the term of 2024-2026.

“[We are considering this Act] to govern the protection of the interest of purchasers, developers and landowners. [This] not only will apply to residential properties, [but also] to commercial properties."

The Real Estate and Housing Developers’ Association (Rehda) recently stated that building material prices saw a significant uptick in 2023, with 91% of survey participants witnessing a notable surge compared to the previous years at the recent Rehda Property Industry Survey for 2H2023 and Market Outlook for 2024.

Real Estate and Housing Developers Association (Rehda) Selangor, which aims to make homeownership accessible for all homebuyers in Klang Valley, expects at least RM350 million in sales at the upcoming Malaysian Property Expo (Mapex) Selangor 2024.