The Ministry of Housing and Local Government (KPKT) has established a committee to coordinate the implementation of 500,000 units of affordable housing for the duration of the 12th Malaysia Plan (12MP).

Its minister, Datuk Seri Reezal Merican Naina Merican said the committee would monitor the implementation and provision of housing supply by 15 housing provision agencies, in addition to the ministry, state governments and the private sector.

“From the targetted 500,000 affordable housing units under the 12MP, the ministry plans to contribute 20 per cent, which is around 100,000 units,” he said during the winding up of the Supply Bill 2022 at the policy level at the Dewan Rakyat today.

He said besides the committee, the National Affordable Housing Council (NAHC) is also a platform to monitor the construction of affordable housing in the country.

The ministry is continuing its efforts to identify the causes behind Malaysians’ inability to afford homes in line with the 12MP strategy of increasing the supply of affordable housing to target groups, he said.

Also, Reezal Merican said the ministry would pay attention to housing projects for B40 and M40 groups throughout the country to ensure that they were more inclusive and with complete infrastructure.

On the People’s Housing Projects (PPR) in Sabah, he said 33 projects had been completed in the state, for a total of 23,009 units, while five more projects, totalling 3,090 units, were still under construction so far.

Overall, the number of completed PPR projects in Sabah represents 21.4 per cent of the total PPR units built in the country with 3,897 units unfilled, he added.

Source: Bernama

About Muze @ PICC

The first phase of residential offerings at Penang International Commercial City (PICC) integrated development by Hunza Group. This 43-acre development is strategically located within the vicinity of Bayan Baru township. It comprises two 58-storey towers featuring 846 residential units with 10 levels of car parking podium.

Find out more about Muze @ PICC

Sky Residence Prai, The Ascott Limited’s (Ascott) first serviced apartment in Penang, has opened.

Ascott is a wholly-owned subsidiary of CapitaLand Investment. Sky Residence Prai is its ninth operational property in Malaysia.

With over 6,700 units in 26 properties across 11 cities, the addition of the serviced apartment will strengthen Ascott’s leadership position in Malaysia.

Sky Residence Prai, located in Bukit Mertajam near Icon City and Juru Sentral, is set to provide world-class hospitality standards.

Ascott’s country general manager for Malaysia, Mondi Mecja, said in a statement that the apartments are intended to meet the needs of both business and leisure travellers.

There are 168 modern units ranging from studios to two-bedroom apartments.

The fully furnished apartments have a modern interior design.

The recreational area on levels 8 and 39 of the property also has a variety of amenities.

Source: NST Online

Proposed residential development by Sunway Bintang Sdn. Bhd. at Bukit Mertajam. Located off Persiaran Sunway Wellesley, next to Sunway Wellesley gated and guarded housing scheme. It is just a mere minute’s drive to Bukit Mertajam town centre with an abundance of essential amenities within 5 minutes drive.

This development will see three new phases of gated and guarded housing schemes, featuring a total of 696 townhouse units. Each phase will have it’s own clubhouse with facilities such as a community hall, swimming pool, gymnasium and guardhouse. Future development will include 26-units of 3-storey shop offices.

The project is still pending approval. More details to be available upon official launch.

Project Name : (to be confirmed)
Location : Bukit Mertajam
Property Type : Gated and guarded townhouse
Tenure: (to be confirmed)
Built-up Size: (to be confirmed)
Total Units : 696 (residential)
Indicative Price : (to be confirmed)
Developer : Sunway Bintang Sdn. Bhd.

DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider, or party in question.

The proposed amendments to the Housing Development (Control and Licensing) Act 1966 (Act 118) is expected to be tabled in Parliament in the third quarter of 2022, in an effort to address issues concerning abandoned housing projects and prevent such problems in the future.

Housing and Local Government Minister Datuk Seri Reezal Merican Naina Merican said the move to amend the Act is in line with the country’s housing development direction and the adoption of the Build-Then-Sell (BTS) concept.

He said among the proposed amendments is that the Sales and Purchase Agreement (SPA) payment under Schedule G and H will be more similar to the BTS concept involving an advance payment of 40%, while the remaining amount is to be paid after the buyer receives the vacant possession notice, supported by the Certificate of Completion and Compliance (CCC) from the developer.

“The payment claim by the developer will be deducted 5%. For example, if the claim is 40%, then the buyer will only have to pay 35%. The remaining amount will be made after the project gets the CCC.

“This is to prevent (the developer) from making claims that do not match the certified work,” he said during the question and answer session at the Dewan Rakyat on Thursday (Nov 11).

He was replying to a question from William Leong Jee Keen (PH-Selayang), who wanted to know whether the government would adopt the BTS 10:90 concept to address the problem of abandoned housing projects.

Under the BTS 10:90 concept, buyers are required to make a 10% downpayment of the property’s purchase price, while the remaining 90% can be paid when the house is ready.

Reezal Merican said with the amendment of the Act, the government is of the view that the adoption of the BTS concept in the country’s real estate industry can be implemented comprehensively after 2023.

Source: EdgeProp.my