MIDF Research remains positive on the property sector with improving fundamentals and a lower residential overhang, easing concerns about an oversupply.

The Housing and Local Government Ministry may introduce a new architectural design competition for future people’s housing projects (PPR).

Amidst a Cabinet reshuffle and the unpredictable embers beneath the political landscape of 2023, the Local Government Development Ministry, now renamed Housing and Local Government Ministry (KPKT), managed to have a productive year.

The Penang government is offering a 50% discount on the penalties for late payments of assessment tax and parcel rent arrears from Jan 2 to May 31.

Noteworthy:

• Freehold
• Land size: 74,000 sq ft
• Nearby amenities : Convenience stores, Genting Premium Outlets, Awana Sky Central
• Accessibility: Karak highway, MRR2, The Genting Sempah–Genting Highlands highway

When: September 2023

Noteworthy:

• Rented
• Built up size: 55,000 sq ft
• Unfurnished
• Nearby amenities: Convenience stores, Billion Shopping Centre Port Klang, Shaw Centrepoint
• Accessibility: Federal highway, Northport highway

When: July 2023

These include the Madani Economy, National Energy Transition Roadmap (NETR), New Industrial Master Plan (NIMP 2030), 12th Malaysia Plan Mid-Term Review, Hydrogen Economy and Technology Roadmap, Fiscal Responsibility Act (FRA) as well as Energy Efficiency and Conservation Act.

Penang Department of Occupational Safety and Health (DOSH) director Hairozie Asri said the department investigated the location as soon as they received information about the incident. He said DOSH has also issued an immediate stop work notice pending investigations.

The Ministry of Housing and Local Government (KPKT) will, through its agencies, identify damage to the houses of flood victims before taking appropriate action.

Rapid KL will extend the operating hours for selected rail transit and bus services until 1.30am on Jan 1 (Monday) to cater to those going out to celebrate New Year's Eve.