Rehda to discuss with Penang government on property development challenges


The Real Estate and Housing Developers’ Association Malaysia (Rehda) Penang is hoping to have a meeting with the Penang government, local governments and the relevant authorities soon to mitigate the challenges of the property development industry.

Rehda Penang chairman Khoo Teck Chong proposed for the meeting to be held as soon as possible.

“Currently, our biggest challenges are the sharp increase in building material prices and the shortage of labour in the industry.

“These have impacted the cost of doing business. Tender prices are skyrocketing and those in the construction (industry) are finding it hard to manage their costs.

“Personally, I feel that the inflation will hit us hard and I would say that the storm which we will be facing will be quite rough.

“We should look at how we can lower our cost of doing business.

“We hope that the state, local councils and the relevant state components can hold a special meeting with Rehda Penang to discuss and exchange ideas about how we can weather this situation together,” he said in his speech during the Rehda Penang Fellowship Dinner 2022 event at the Old CRC Restaurant in Jalan Padang Victoria on Friday evening.

Khoo said he was grateful for being able to hold this fellowship dinner this year.

“Two years have passed since our last gathering. It is a blessing for us to be able to gather again after we have gone through the Covid-19 war,” he said.

Chief Minister Chow Kon Yeow said the Penang government has always been open to meetings and discussions with the industries and organisations for the betterment of the state and its people.

“I managed to go through part of the report by Rehda Institute on my way here, and I appreciate and acknowledge the issues raised by the institute.

“However, some issues are beyond the state government and they require a wider spectrum of stakeholders, in particular, the Federal, state, local government and the private sector to address such issues,” he said.

In his speech, Chow also said that Penang’s quest to provide affordable, quality homes, and to bring continuous progress and prosperity to the state could only be achieved through the cooperation of all parties including Rehda.

“We can be able to achieve this through public-private partnerships, dialogues, and consultations.

“We treasure Rehda’s role as the link between the government and the private sector in ensuring that the developers’ views are taken into consideration by the relevant authorities and government agencies.

“The state government appreciates the commitment by Rehda to nation-building and betterment of life through sustainable property development,” he said.

Chow said the commitment by all parties enabled the country and the state to move towards economic recovery.

“The impact of Covid-19 has been great, but it has not impeded the growth of the state’s approved manufacturing investments for the year 2021.

“Our industrial performance continues to excel despite the challenges due to Covid-19.

“Penang’s total approved manufacturing investments hit a record high of RM76.2 billion in 2021. The investment projects obtained in 2021 are expected to generate 12,000 job opportunities in the state,” he said.


Also present were Rehda Penang immediate past chairman Tan Hun Beng and Rehda Penang members.

Source: Buletin Mutiara

  1. Internation
    June 27th, 2022 at 08:14 | #1

    It’s quite a pity that so many Malaysians simply can’t afford to buy a house.
    Our government has to admit a burning fact that the wages standard is way too low. Even the E&E sector has not matched up comparing around.

  2. Alan
    June 27th, 2022 at 13:18 | #2

    Other than the low wages. It’s also the government negligence to approve so many luxurious project meanwhile so limited affordable housing project is being approved. Why allow developers to build luxurious project which result huge inventory hindering the progress of the state’s development??? All the inventory unsold units are mostly non-affordable housing project and overly priced project. Government need to admit this mistake, and stop building more luxurious project that will build up more backlogs. No point to stop the development of a whole country just to wait for the backlog to clear up.

(You can also Login/Register to submit your comment using unique ID)

Comment Guidelines
  • Avoid political discussion.
  • Comments with inappropriate wordings or personal attack may be moderated or deleted.
  • Developer must register before comment. All anonymous comments claimed to be from developer without registration will be deleted.
  • All advertisement in the comment will be deleted. Please contact us for advertising details.

To advertise your property in this page under "Related Properties for Sale/Rent":
 1. Submit your property at PenangPropertySale.com, it's FREE!
 (Please do not advertise your property in the comment)