They are not backed by assets and are “highly depreciative”, says the association.

Malaysia is still short of 3.2 million homes, says Rehda.

The landmark decision will have far-reaching consequences for homebuyers whose properties are delivered late.

"Let’s be honest — we are very good at building things, but when it comes to managing them, we are not so good."

Real estate services will become digital, simple, personalised and cheap.

"Malaysia needs a one-stop agency with big data that shows [not just the] types of properties that we are developing but also for future launches."

“There are actually a lot of tools that we can use to improve our delivery and give better services to our clients at the same time.”

This is to give agents and negotiators a fairer share.

Because Merdeka PNB 118 is unique to the market.

To reduce the risks of a property deal going sour and have some recourse when things go wrong.