News about US

​PETALING JAYA (Oct 9): Dewan Bandaraya Kuala Lumpur (DBKL) will be taking action against assessment and rent defaulters after it revealed RM525 million in outstanding revenue as at August, reported The Star.

PETALING JAYA (Oct 9): Bank Negara Malaysia (BNM) is proposing a more flexible loan package with flexible interest rates and an extended maximum loan tenure for affordable home buyers, said Housing and Local Government Minister Zuraida Kamaruddin.

  PETALING JAYA (Oct 9): Housing and Local Government (KPKT) Minister Zuraida Kamaruddin said the government is not planning to provide any incentives for property developers using the Industrialised Building System (IBS) to build homes.

PETALING JAYA (Oct 9): The government is mulling a reduction in  compliance costs for affordable housing developments by saving developers the burden of undertaking the construction of certain utilities infrastructure.

KUALA LUMPUR (October 9): The Pakatan Harapan government is looking to review its promise of building one million affordable homes as it now feels the country may not need that many units to address the affordable housing issue, said Housing and Local Government Minister Zuraida Kamaruddin.

KUALA LUMPUR (October 9): The government will be combining five existing agencies to form a single entity, known as the National Affordable Housing Council, to streamline and coordinate the development of affordable housing in the country.

KUALA LUMPUR (Oct 8): Asian Strategy & Leadership Institute (Asli) chairperson Tan Sri Jeffrey Cheah said there is a need to change existing legislation for the real estate industry as the laws have not kept up with the pace of nation’s economic and social landscape.

KUALA LUMPUR: (Oct 8): State governments play an important in providing affordable homes for the B40 and M40 groups as they can provide more land suitable for the development of affordable homes to the federal government, said Housing and Local Government (KPKT) Minister Zuraida Kamaruddin.

KUALA LUMPUR (Oct 8): The Housing and Local Government Ministry (KPKT) wants to review the Bumiputera housing quota policy and the release mechanism to ensure that they are in line with current market needs.

KUALA LUMPUR (October 8): Property developers have until the end of this month to announce the discount that can be passed on to house buyers arising from the sales and services tax (SST) exemption on construction materials, but cutting prices may not be as easy as it is set out to be.