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Early signs of recovery prompt E&O to embark on new projects

Early signs of recovery prompt E&O to embark on new projects

Eastern & Oriental Berhad (E&O) intends to begin new projects in the second half of its current fiscal year, which concludes March 31, 2022, as it sees early signs of recovery with the gradual lifting of the Movement Control Order. According to E&O’s managing director Kok Tuck Cheong, the company’s project will be launched in...

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Residential Overhang Volume, Value Down In Q3 2021

Residential Overhang Volume, Value Down In Q3 2021

Deputy Housing and Local Government Minister Datuk Seri Ismail Abdul Mutalib told the Dewan Rakyat on Tuesday (23 November) that there were 30,290 unsold completed residential units worth RM19.75 billion nationwide in Q3 2021, reported Bernama. Comparatively, there were 31,112 unsold housing units worth RM20.1 billion in Q2 2021, according to National Property Information Centre...

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Create policies that address housing affordability issues

Create policies that address housing affordability issues

IN 2019, Malaysia’s median income was  RM5,873. It grew by 3.9 per cent per year in 2019 compared with 6.6 per cent in 2016. Based on these, the prices of affordable homes are RM211,000 and below. This indicates that the country’s housing prices are under the “seriously unaffordable” category (based on Demographia International Housing Affordability...

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National Affordable Housing Council To Be Reactivated

National Affordable Housing Council To Be Reactivated

Prime Minister Datuk Seri Ismail Sabri Yaakob will chair the council, which will comprise 15 implementing agencies as well as state governments. “The proposal (to reactivate MPMMN) has been agreed upon by the Cabinet,” said Housing and Local Government Minister Datuk Seri Reezal Merican Naina Merican following a visit to the incinerator plant within Belanga...

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China cities ease land bidding rules as property stress spreads

China cities ease land bidding rules as property stress spreads

Some Chinese cities have relaxed rules for land sales after cash-strapped developers became reluctant to bid, threatening the biggest revenue earner for local governments. Several large cities including Shanghai and Nanjing have announced details of land sales plans in December, offering more plots than those in the last round, the official Securities Times reported. Some...

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