GEORGE TOWN: The state government should allow more reclamation, higher plot ratio, development above 250 feet in certain areas and development of other parts of the island to address the current land shortage for property development.

GEORGE TOWN: The Real Estate and Housing Developers' Association (Rehda) of Penang is claiming that the high cost of land is the main reason for houses being sold at high prices in the state.

Chairman Datuk Jerry Chan Fook Sing said the high cost of land was also the reason for developers' inclination towards building upmarket homes in the state.

Datuk Alan Tong Kok Mau is renowned for transforming a rubber estate on the fringes of Kuala Lumpur into what is now the thriving international enclave of Mont’Kiara, earning him recognition as “KL’s Condo King”.

KUALA LUMPUR: The 70% cap on home loans announced by Bank Negara Malaysia (BNM) for purchases of third homes effective Wednesday, Nov 3 is welcomed by housing developers, but a nationwide application of the measure would affect genuine house buyers, cautioned the Real Estate and Housing Developers Association (Rehda) president Datuk Michael Yam.

KUALA LUMPUR: The demand for housing is expected to remain strong for the next 12 to 18 months, after which the market will stabilise, according to Datuk Fateh Iskandar Mohamed Mansor, deputy president of the Real Estate and Housing Developers' Association of Malaysia (Rehda).

Cities only grow or die, they don’t stand still,” said New South Wales premier Kristina Keneally at the recent Forbes Global CEO Conference 2010 in Sydney.
These words continue to resonate with Bukit Kiara Properties Sdn Bhd’s managing director N K Tong, who was at the conference.

KUALA LUMPUR: The government plans to attract at least 200 multi-national companies (MNCs) to set up office in Kuala Lumpur by 2020, mainly in the Greater Kuala Lumpur/Klang Valley conurbation.

KUALA LUMPUR: Major property developers in the country said that the Budget 2011 is a business- and people-friendly budget, and added that steps taken to increase house ownership among Malaysians will help spur the property sector and enable more people to own homes.

KUALA LUMPUR: Pakatan Rakyat members of parliament (MPs) yesterday urged the Ministry of Finance to withdraw from Parliament the proposed amendments to the Valuers, Appraisers and Estate Agents Act 1981 (VAEA Act) which had already raised the ire of property industry players.

KUALA LUMPUR: The final Klang Valley Malaysia Property Expo (MAPEX) for 2010 will take place from Oct 22 - 24 at Midvalley Megamall's Midvalley Exhibition Centre, Real Estate and Housing Developers' Association (Rehda) announced in a statement on Wednesday, Oct 13.