The Ministry of Local Government Development (KPKT) plans to implement a build-then-sell (BTS) housing delivery system rather than a sell-then-build (STB) delivery system next year, to reduce the number of “sick” or delayed housing projects. KPKT Minister Nga Kor Ming said the ministry will work together with the Real Estate ... Read More

The Real Estate And Housing Developers’ Association Malaysia (Rehda) expressed concern over the government’s plan to introduce a 4% flat rate for the stamp duty on memorandum of transfers (MOT) on purchases by foreign individuals and companies in Budget 2024, presented by Prime Minister and Minister of Finance Datuk Seri ... Read More

Property developers are mainly neutral about the real estate market outlook for the next 12 months, particularly for the second half of 2023 (2H 2023), according to Datuk NK Tong, president of REHDA Malaysia. According to him, poll respondents have a moderate opinion of the business, economic, and property industry ... Read More

Developers in Penang will delay some new residential projects in the state this year as labour and materials costs continue to rise. Real Estate and Housing Developers’ Association (Rehda) Penang branch chairman Khoo Teck Chong said the number of new launches this year could be up to 60 per cent ... Read More