WITH housing prices hovering near a record high, Singapore Prime Minister Lee Hsien Loong is expected to unveil policy changes to boost affordability in his annual National Day Rally address tomorrow.Lee signalled in a speech on Aug 8 that adjustments will be made as the government “must still ensure public housing is...
PETALING JAYA: The Local Government Development Ministry is considering setting up a national housing fund (NHF) to assist first-time home buyers.Minister Nga Kor Ming said the ministry is in the process of contemplating a new policy to set up NHF, which would help the buyers in terms of the deposit to be paid for their...
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...
IN the last 50 years, Malaysia has witnessed a rise in the number of people living in its cities from 25% in 1970 to 75% today. Currently, it is estimated that three million people reside in 4,500 low-cost housing settlements, with most of these communities living in public housing, such as the People’s Housing Programme. While public housing was initially meant to be temporary, most of its residents...
KUALA LUMPUR: The number of delayed, sick and abandoned private housing projects is expected to increase due to the effects of the Movement Control Order (MCO) which saw development projects halted to curb the spread of Covid-19. Deputy Local Government Development (KPKT) Minister Akmal Nasrullah Mohd Nasir (pix) said the task force for sick and abandoned private housing projects has identified 110...
SHAH ALAM: The Selangor State Development Corporation (PKNS) aims to receive over RM100 million in housing loan applications following the signing of a memorandum of understanding (MoU) between the corporation and Bank Simpanan Nasional (BSN) today. Its chief executive officer (CEO), Datuk Mahmud Abbas said the target for first year is based on the value of the projects launched by PKNS. He said...