News by BERNAMA

A total of 93,555 individuals have benefitted from the Housing Credit Guarantee Scheme (SJKP) to date, helping them purchase their first home, Housing and Local Government Minister Nga Kor Ming said.

The Johor election, expected to be held on July 11, 2026, is unlikely to affect the state's property market, although home sales may temporarily slow in the weeks leading up to polling day, according to international real estate technology group Juwai IQI.

Fifty recipients in the Kuala Terengganu and Kuala Nerus parliamentary constituencies received assistance under the Rumah Mesra Rakyat (RMR) programme yesterday, comprising 30 completed homes and 20 offer letters for the construction of new houses.

The Ministry of Housing and Local Government (KPKT), through the Department of Local Government, has approved 573 development projects in Chinese new villages and 21 projects in Indian villages, with a total cost of RM73 million this year.

Prime Minister Datuk Seri Anwar Ibrahim said the decision to gazette 50 acres (20.23 hectares) of land in Bandar Malaysia as Malay reserve land is a significant step to safeguard Bumiputera interests, requiring both political courage and careful consensus-building.

The Ministry of Transport has identified several areas around stations along the Light Rail Transit 3 (LRT3) Shah Alam Line for Transit-Oriented Development (TOD).

The LRT3 Shah Alam Line will offer free rides for one month starting tomorrow (Monday) until July 31, said Datuk Seri Anwar Ibrahim.

Prime Minister Datuk Seri Anwar Ibrahim said the government will develop housing for civil servants with lower rental rates as an effort to look after the welfare of the group.

An independent auditor had submitted two forensic reports regarding allegations about the Battersea Power Station project’s overvaluation of investment assets, concluding that the claims raised are unfounded, and therefore, there is no need for further investigation into Battersea Project Holding Company, the Ministry of Finance (MOF) said.

A study by the Malaysia Competition Commission (MyCC) has found no evidence of anti-competitive practices involving housing prices or residential property packages in the housing market, the Dewan Rakyat was told on Wednesday.