Additional costs in the property sector caused by steep hikes in building materials, cost of labour and redundant policies imposed on the industry might be too punitive for development projects to become economically viable, said Real Estate and Housing Developers’ Association (Rehda) Malaysia president Datuk NK Tong.

Noteworthy:

• Leasehold
• Built-up size: 36,000 sq ft
• Land size: N/A
• 3 bedrooms, 3 bathrooms
• Semi-furnished
• Nearby amenities: Convenience stores, schools, hospitals, F&B outlets, SACC Mall, AEON Mall Shah Alam, Alam Sentral, KTM Shah Alam 
• Accessibility: Federal Highway, New Klang Valley Expressway (NKVE), Elite Highway, Shah Alam Expressway

When: September 2022

Putrajaya ought to monitor the prices of affordable housing or rent as the lack of affordable housing supply in the private market could push the number of households into social housing, Khazanah Research Institute (KRI) has cautioned, noting more households are now eligible for government assistance.

Notably, the total residential overhang units in 2022 are led by those priced between RM500,000 and RM1 million at 33.6%, followed by RM300,000 to RM500,000 (at 29.3%) and below RM300,000 (at 23.5%) categories.

Malaysia's total property transaction value hit RM179.07 billion in 2022, the highest-ever value recorded by the National Property Information Centre (Napic) since 2001.

The property market is expected to grow this year despite the projection of a moderately lower economic growth due to the unpredictable external environment, said Deputy Finance Minister II Steven Sim.

The Ipoh City Council (MBI) is planning to set up a Hall of Fame involving several personalities from the city.

Noteworthy:

• Freehold
• Built-up size: 5,500 sq ft
• Land size: 3,218 sq ft
• 8 bedrooms, 8 bathrooms
• Semi-furnished
• Nearby amenities: One Utama, Tesco, Ikea, Ikano Power Center, Sunway Giza, colleges and schools, golf courses such as Tropicana and Sri Selangor, MRT Kota Damansara, MRT Surian.
• Accessibility: LDP, New Klang Valley Expressway (NKVE), Bandar Utama Interchange

When: When: November 2022

Apart from the project, the Selangor government also plans to instal solar panels on buildings.

RGM said despite the high base rate of 26.5% a year ago, this latest quarterly result met market expectation.