KUALA LUMPUR: Building and housing industry players welcomed the move by the government to rationalise and streamline the role of federal agencies involved in public housing under the 10th Malaysia Plan (10MP).

KUALA LUMPUR: The government has to tread with caution in the implementation of the 10th Malaysia Plan (10MP), said investment analysts.

One analyst contacted believe that implementation of projects such as the development of governments lands in Kuala Lumpur will revitalize the city's property sector.

KUALA LUMPUR: Foreign investments will be crucial for the 10^th Malaysia Plan (10MP) to succeed, said Kumar Tharmalingam, Chairman of real estate consultancy Hall Chadwick Asia Sdn Bhd.

KUALA LUMPUR: Several companies bought back shares yesterday, as listed on Bursa Malaysia on June 10. Glomac Bhd bought back a total of 36,000 ordinary shares of RM1.26 each, purchased for RM46,453.54. Eastern & Oriental Bhd also did the same, buying a total of 275,000 shares for RM252,158.73.

KUALA LUMPUR: Major property developers in the country are optimistic over the prospects of being part of public-private partnerships to develop key projects identified under the 10^th Malaysia Plan (10MP).

S P Setia Group Bhd president and CEO Tan Sri Liew Kee Sin said it is keen to pursue the opportunity to participate in the these projects.

KUALA LUMPUR: The RM10 billion Sungai Buloh township development on the Malaysian Rubber Board land will spur economic activities including property development along the Sungai Buloh-Shah Alam corridor, a property consultant said.

KUALA LUMPUR: The government will build 78,000 new affordable public housing units nationwide under the 10th Malaysia Plan.

Low-cost public housing units would be provided to qualified individuals and families with household incomes of less than RM2,500 per month, which was in line with the government's agenda to increase the monthly income level of the bottom 40%.

KUALA LUMPUR: Malaysia should be able to see sustained property demand backed by a good employment market, strong liquidity and conducive interest rate levels, said Mah Sing Group Bhd’s group managing director Tan Sri Leong Hoy Kum.

KUALA LUMPUR: UEM Land Bhd, the property arm of conglomerate UEM Group Bhd is seeking new land banks beyond its flagship Nusajaya development in Johor.

UEM Land’s managing director and CEO Datuk Wan Abdullah Wan Ibrahim said the company is eyeing land in the Klang Valley and Penang but stressed that the company is not looking to go abroad any time soon.

KUALA LUMPUR: The private sector must take charge in leading economic growth mainly by raising investments to the tune of RM115 billion yearly to ensure the success of the 10th Malaysia Plan (10MP).