Noteworthy:

• Built-up size: 2,800 sq ft
• Land size: 4,268 sq ft
• Freehold
• Semi-furnished
• 5 bedrooms, 5 bathrooms
• Nearby amenities: UTAR, Sungai Long Golf & Country Club, Batu 11 Cheras and Bandar Tun Hussein Onn MRT stations, Sungai Long Specialist Hospital, various small businesses and F&B outlets
• Accessibility: SILK, CKE, Jalan Sungai Long

When: December 2023

This presents a “positive counterweight narrative to Malaysia’s comparatively low interest rates” when compared to median interest rates of 9.25% in the Americas, 5.25% in Europe, the Middle East and Africa, and 3.5% in the Asia Pacific.

The Malaysian Institute of Architects (PAM) has expressed its support towards the Ministry of Housing and Local Government’s initiative to introduce the Urban Redevelopment Act.

More than 10,000 units of Residensi Madani and Residensi Wilayah are targeted to be developed in Putrajaya, starting this year, and expected to be completed in 2027.

Master Builders Association Malaysia (MBAM) urges the government to provide tax exemptions for intragroup services in logistics and maintenance and repair services, and not only for the same taxable services under the logistics services. Intragroup services are any services provided by related companies, and these services should be tax exempted.

The government has decided to amend several requirements for the Malaysia My Second Home (MM2H) programme to attract more foreign participants to the country.

Bank Negara Malaysia (BNM) has opted to keep the Overnight Policy Rate (OPR) stable at 3%, in contrast to some of our neighbouring countries such as the Philippines, Indonesia and Thailand, which have been increasing their rates for the past months.

The National House Buyers Association (HBA) views with concern the reports of a new public housing scheme by the Ministry of Housing and Local Government (KPKT) named Program Residensi Rakyat (PRR), where it was reported that the construction cost of each PRR unit will be raised to RM300,000, but will be sold only at RM60,000.

Malaysian property prices are expected to continue increasing significantly for the first half of 2024 (1H2024) due to challenges of rising cost of building materials, according to the Real Estate and Housing Developers’ Association (Rehda).

Noteworthy:

• Built-up size: 1,205 sq ft
• Freehold
• Fully furnished
• 3 bedrooms, 3 bathrooms
• Nearby amenities: TERKL, KLCC Park, Pavilion Bukit Bintang, Changkat Bukit Bintang, F&B outlets, Tung Shin Hospital, Raja Chulan Monorail station, Bukit Bintang MRT station, Dataran Merdeka, Central Market, schools
• Accessibility: Jalan Raja Chulan, Jalan Pudu, Jalan Imbi, Jalan Sultan Ismail, MEX, Sungai Besi Expressway, AKLEH

When: January 2024