Editor's Pick

Government urged to tackle building material price hike issue

In the joint statement issued on Monday (Dec 13) by Master Builders Association Malaysia, Real Estate and Housing Developers’ Association Malaysia, Persatuan Kontraktor Melayu Malaysia, Persatuan Kontraktor Bumiputera Malaysia, Guild of Bumiputera Contractors Wibawa, the United Malaysia Contractors Association and Pesatuan Kontraktor India Malaysia, the representatives of the sector said the hike of building material prices have resulted in a 13% to 20% increase in construction cost.

Property sector picking up the pieces in 2021

According to the Real Estate & Housing Developers’ Association (REHDA) the property sector was not spared from the spiralling effect of various movement curbs to stem the spread of Covid-19 in the country.

DONE DEAL: Condominium at Pavilion Hilltop, Kuala Lumpur

Noteworthy:

  • Freehold
  • Semi-furnished
  • Built-up: 1,496 sq ft
  • Four bedrooms, four bathrooms
  • Facilities: recreational facilities, multipurpose hall, gym
  • Amenities: shopping malls, golf clubs, international schools and colleges, accessibility to highways.

When: July 2021

RWKM initiative targets to provide 80,000 affordable housing units within 10 years

“In line with the Shared Prosperity Vision 2030 and Agenda 2030, the government is committed to providing affordable and comfortable housing to all segments of the Malaysian Family, including those from the middle-income or M40 group,” he said at the Residensi Kuchaimas house key handover ceremony here on Dec 7.

Office space rental rates grew at insignificant rate

Added that the economy has not fully recovered from the pandemic, especially with the growing concerns of the new virus variant, Omicron - Chan Wai Seen, CCO & Associates (KL) Sdn Bhd ED, foresees the new take-up rate to be insignificant.