SHAH ALAM: The Selangor government has made a concerted effort to help its people to own a house, said Selangor Housing and Property Board (LPHS) executive director Norzaton Aini Mohd Kassim. The initiatives include Dana-Sel, Smart Selangor Home and Smart Rent programmes. Dana-Sel, a rent-to-own measure for 25 years, is currently only available for squatters … Read more
The proposed Bayan Lepas Light Rail Transit Line will covers a distance of 30km and 27 stations. Of its 27 proposed stations, 19 are to be in Komtar, Macallum Street area, Bandar Sri Pinang, the future Sky Cab station, East Jelutong, The Light Waterfront, Gelugor, Universiti Sains Malaysia, Batu Uban, Pesta site, Sungai Nibong, Bukit Jambul, … Read more
KUALA LUMPUR: Developers have been encouraged to build more affordable homes to assist the Government to achieve its target of building one million affordable homes within five years. Prime Minister Datuk Seri Najib Tun Razak said the majority of units would be built by the Government under the 1Malaysia People’s Housing Scheme and 1Malaysia Civil … Read more
Work at its 24-acre Batu Kawan site has started GEORGE TOWN: The first IKEA store in the northern region will open in Penang by the third quarter of 2018. Ikano Pte Ltd, the owner of the IKEA franchise holder in Singapore, Malaysia and Thailand, said work at the Batu Kawan site had started and plans … Read more
KUCHING, March 12 (Bernama)–Property developers’ participation is vital in ensuring the successful delivery of 500,000 units of PR1MA homes nationwide, worth more than RM100 billion. Perbadanan PR1MA Malaysia (PR1MA) chief executive officer Datuk Abdul Mutalib Alias said the participation from developers, both public and private, through collaborations with PR1MA was critical in ensuring the success … Read more
With four ongoing large-scale projects, Malaysia’s Johor state is set to become the next economic powerhouse in the country behind Klang Valley, reported The Star Online. These mega developments comprise the multibillion-ringgit Forest City, the oil and gas facilities in Pengerang, the double-tracking project between Gemas and Johor Bahru, and the Kuala Lumpur-Singapore high-speed rail … Read more
PUTRAJAYA, March 3 (Bernama) — The Urban Wellbeing, Housing and Local Government Ministry through the National Housing Department (JPN) has never offered the 1Malaysia Affordable Housing Scheme (K1MMM) to the public. JPN director-general Datuk Mohamad Yusoff Ghazali said the bogus scheme offered by Serata Prima Sdn Bhd was using the logos of the ministry, the … Read more
KUALA LUMPUR, March 2 (Bernama) — First time house buyers should shop around to find financing which best suits their needs as certain commercial banks do offer special packages for first timers, says Association of Banks in Malaysia (ABM). ABM also suggested that these first timers work with their financiers when assessing the suitability and … Read more
KUALA LUMPUR, March 2 (Bernama) — The government has agreed to review the National Housing Policy, especially related to property prices, which was proposed be decided by the government, not just to market forces. Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said the government via the Urban Wellbeing, Housing and Local Government Ministry … Read more
PETALING JAYA, March 1— The Real Estate and Housing Development Association Malaysia (REHDA) is encouraging banks to be more flexible in providing loans to first-time house buyers. Fifty per cent of these buyers are not entitled for loans because they are unable to come up with the down payment, drew low salaries and had existing … Read more