Home ownership affordability, or rather, unaffordability, has been a hot-button issue for the longest time, not just domestically but also in many parts of the world. This is unsurprising. Housing is a basic human need (right), with significant long-term health and economic consequences to the country — and a politically sensitive issue for governments, as it is closely associated with discontent over rising income-wealth inequality, whether real or perceived.

EcoBusiness Park V (EBP 5) signed the sale of industrial lots and factory units with 16 businesses in a ceremony held at EcoWorld Gallery @ Eco Grandeur, Puncak Alam today.

The minister said the government, however, is still reviewing the implementation module for the project.

Mont’Kiara’s pioneer developer UEM Sunrise Bhd is ready to officially launch its latest project, called The MINH, to the general public on May 27.

Noteworthy:

• Freehold
• Land size: 6,700 sq ft
• Built-up size: 4,500 sq ft
• 6 bedrooms, 7 bathrooms
• Semi-furnished 
• Nearby amenities: Convenience stores, schools, Setia City Mall, banks
• Accessibility:  DASH highway, LDP, NKVE highway, Penchala Link.  

When: March 2023

In an effort to have Malaysian property players to learn and emulate Singapore’s industry practices, the training, research and education arm of the Real Estate and Housing Developers’ Association of Malaysia (Rehda), Rehda Institute organised the Asia Real Estate Leaders Masterclass & Tour in Singapore, last week.

Pahang Menteri Besar Datuk Seri Wan Rosdy Wan Ismail has assured that the state government does not plan to increase quit rent (land tax) over the next five years, despite targeting an increase in revenue collection every year.

Noteworthy:

• Leasehold
• Land size: 9,450 sq ft
• Built-up size: 3,500 sq ft
• 4 bedrooms, 2 bathrooms
• Unfurnished 
• Nearby amenities: Convenience stores, schools, University Malaya Medical Centre (UMMC), Amcorp Mall, Jaya Shopping Centre, KL Gateway Mall, LRT Asia Jaya, LRT Taman Jaya, LRT Universiti
• Accessibility: NPE highway, KESAS highway, Federal highway

When: February 2023

There was a further recovery of property demand, ESG and M&A activities observed in 1Q2023, which served as the key driver in the KL office market. 

Rafizi said the government is also committed to introducing “more RE programmes based on a willing buyer, willing seller basis” to induce private-sector participation.