KUALA LUMPUR: PropertyGuru urges the government to continue collaborating with financial institutions to offer flexible loan packages and favourable interest rates and periodically revise policies to align with evolving domestic housing demands. PropertyGuru and iProperty Malaysia country manager Kenneth Soh said home affordability continues to be a central concern for many Malaysians, particularly...
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PETALING JAYA: Construction group Gagasan Nadi Cergas Bhd has secured a contract from Kwasa Land Sdn Bhd to build 4,183 affordable residential units for the Kwasa Damansara project at a gross development value (GDV) of RM1 billion. Gagasan Nadi Cergas accepted a letter of award (LoA) from Kwasa Land, a wholly owned subsidiary of the Employees Provident Fund, to develop the affordable housing project...
PETALING JAYA: Fifteen thousand units of Rumah Mesra Rakyat single-storey houses are slated for completion nationwide this year, a year earlier than originally scheduled, said Local Government Development Minister Nga Kor Ming. “As of December 2023, the ministry through Syarikat Perumahan Negara Berhad has completed 13,845 units,” he told theSun. He said the number exceeds the initial target of...
HO CHI MINH city: Despite the government’s concerted efforts to address the challenges of the property market, the market won’t improve until the end of 2024 due to a lack of affordable housing, experts say. Experts have warned the market will continue to struggle with limited access to capital, legal bottlenecks and...
KUALA LUMPUR: Selangor has built 40,000 affordable homes in five years since 2018, said Selangor Menteri Besar Datuk Seri Amirudin Shari (pix). He said the construction of another 5,000 houses is expected to be completed by the end of this year. According to him, Selangor has been recognised by the Local Government Development Ministry (KPKT) as the champion state in building affordable housing units....
Ground breaking ceremony marks milestone by Yayasan My First Home to fight against homelessness KUALA LUMPUR: Berjaya Land Berhad (Berjaya Land), together with Yayasan My First Home (YMFH) on Friday held a groundbreaking ceremony for its Berjaya Flagship Affordable Homes (BFAH), a Rumah Selangorku (RSKU) affordable housing initiative. The BFAH project, set to launch in 2023 is a key component of...
To build approximately 12,000 affordable homes in new Mukim Tebrau township SHAH ALAM: Global packaging manufacturer and leading property developer Scientex Berhad is proposing to acquire 960 acres of freehold land in Mukim Tebrau, Johor Bahru for RM547.7 million, further expanding its presence in affordable housing townships across the state. The Group’s subsidiary Scientex Lestari Sdn Bhd had...