With the rapid increase in Malaysia’s population, especially in the urban centres, high-rise homes have proliferated in recent decades.

The increase in the overnight policy rate (OPR) to 3% on May 3 is expected to have an impact on property market activity, particularly residential demand, said the National Property Information Centre (Napic).

SkyWorld Development Bhd has received approval from the Securities Commission Malaysia to list on the Main Market of Bursa Malaysia Securities Bhd.

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.