The Real Estate and Housing Developers’ Association (Rehda) Malaysia has defended the proposed Urban Redevelopment Act, which is currently being drafted by the Ministry of Housing and Local Government (KPKT), saying it is not to enable property developers to seize land for profit.

The Urban Redevelopment Act is being drafted and once the Act is in force, there are 139 potential redevelopment sites within Kuala Lumpur that developers can bid for, according to Housing and Local Government Minister Nga Kor Ming.

Rehda Malaysia was heartened that authorities including law enforcement are taking action to reprimand these individuals, to protect the rakyat from these unscrupulous activities.

Lui Chong Chee has resigned as chairman and non-executive and independent director of CapitaLand Malaysia REIT Management Sdn Bhd (CMRM), manager of CapitaLand Malaysia Trust (CLMT), with effect from Feb 1.

The event gathered stakeholders from more than 40 organisations, including those from government agencies, property developers, associations as well as financial institutions.

It takes a holistic approach to managing a strata residential property successfully, which includes financial sustainability, regular maintenance, an active community and a community that equips itself with the right property management knowledge, as discussed during the second day of The Edge Malaysia Property Management Virtual Talk 2024 on Saturday.

A strong Management Corporation (MC), a healthy maintenance budget and simplified design are among crucial elements to ensure that a property’s condition would be tiptop.

GreenRE is a green building certification body formed by Malaysia’s Rehda to promote sustainability in Malaysia’s property industry.

Throughout 2023, EdgeProp has delivered numerous industry stories to ensure you stay well-versed and empowered in navigating the property landscape. Dive into the highlights below as we bid farewell to the passing year.

“I think a lot of developers are looking at a price bracket of about RM500,000 to RM700,000, and thinking it’s a sellable product, but the statistics don’t really tell that story."