The Putrajaya Mass Rail Transit (MRT) Line, which was launched on Thursday (March 16), is expected to attract 80,000 to 100,000 commuters this year.

Inta Bina Group Bhd has secured a RM79.9 million contract to build houses near Bandar Puncak Alam in Ijok, Selangor.

The Ministry of Local Government Development (KPKT) has voiced its intention to have exchange sessions with Singapore’s experts to help solve Malaysia’s affordable housing woes.

In fact, this is not the first time KPKT attempts to study and incorporate the Singapore’s pubic housing model within the local context. Back in 2018 during the Pakatan Harapan’s administration, the then KPKT minister conducted a three-day official visit to Singapore to learn the developments, plans, history and background that drive housing developments there.

Sunway REIT Management Sdn Bhd has announced the properties that it would acquire for Sunway Real Estate Investment Trust (Sunway REIT) from the Employees Provident Fund (EPF) worth RM520 million in total.

Prime Minister Datuk Seri Anwar Ibrahim on Thursday (March 16) announced that commuters will get to enjoy free rides on the Putrajaya Mass Transit Transit (MRT) line starting March 16 until March 31.

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.