Kuala Lumpur: The housing and local government ministry has been urged to advise all states to agree to a uniform guideline on foreign investments in residential property in Malaysia.
KUALA LUMPUR, Feb 18 Malaysia is starting to see some signs of economic recovery in Johor, the southernmost peninsula gateway bordering Singapore. Shops have reopened and.
As with every budget announcement, stakeholders in the property industry, such as developers and consultants, wait in anticipation of goodies from the government that will bolster the real estate market. For Budget 2023, it is no different and the wish list we have compiled reveals needs that, if not addressed, could slow down the growth trajectory of the property market.
Failure to address housing woes will lead to social problems Bernama
PETALING JAYA: Drastic measures must be taken to address the housing woes of Malaysians in the lower income group, especially those who live in urban centres such as the Klang Valley.
According to housing experts, any deterioration in the situation would precipitate circumstances leading to social problems.
It is already getting impossible for some in the middle class to own a home in the city, much less those in the lower M40 and B40 groups, they pointed out.
For instance, a terrace house in the secondary market in Petaling Jaya now sells for up to RM800,000.
Apart from having a massive economic and environmental impact, the Covid-19 pandemic has radically changed people’s lives. Many have had to adapt to the new normal and living through lockdowns. This has led to homes becoming much more than just a space to live in.
City & Country conducted a survey at the end of last year to find out whether the Movement Control Order (MCO) has had an effect on homebuyers’ preferences for example, the size and location of the property when it came to their next purchase. The results were published in our Nov 23 issue.
In this issue, we are revisiting the results of the same survey and taking a closer look at whether buyer preferences have shifted from landed to high-rise properties, the factors that affect their housing choices, and whether they would be more open to renting rather than buying houses post-MCO.