The KLSP2040 states that the redevelopment will involve brownfield areas with less economical use, old industrial areas, and potential areas resulting from investments in transit infrastructure and river conservation to create a more attractive environment in Kuala Lumpur. 😎😎

There are several transit zones identified as redevelopment areas, namely Federal Cable, Jalan Berangan, Jalan Kenanga, Jalan Tiong Nam, Jalan Haji Taib, Jalan Alor, Jalan Raja Bot, Jalan Rahmat, Jalan Melayu-Jalan Masjid India, Jalan Raja Laut, Jalan Petaling, Jalan Inai, Jalan Maharajalela, and Jalan Talalla.

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Valuation and Property Services Department (JPPH) Director-General Abdul Razak Yusak said the residential sub-sector continued to support the overall property market, accounting for 62.9% of total transactions, or 68,561 in volume, valued at RM28.36 billion. 😎😎😎

Read the news here!

Special housing for the elderly needs to be developed in Kuala Lumpur, as the federal capital is expected to become an ageing city by 2040, according to the Kuala Lumpur Structure Plan 2040 (KLSP2040). 🥰

KLSP2040 projects that the elderly population will be higher in 2040, namely at 17.3 per cent, compared to 9.2 per cent in 2025.

Read more here!

Be on the lookout! 🔎

The increase in scam call centre arrests is a wake-up call for property agents and owners.

Ensure your real estate is scam-free. 🚯

Click to know your rights as a landlord!

In the heart of Sg. Buloh stands a 2,257-acre new township, Kwasa Damansara City Centre (KDCC). 🥰

The newly launched KDCC was envisioned to be a neo-urban city, the first truly sustainable township comprising residential, commercial, and mixed-use zones.

Read more here!

Penang’s real estate and housing sector is in the recovery phase post-COVID-19 pandemic, and it is the second-best performing city in Southeast Asia (SEA), the Penang State Legislative Assembly was told.

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The average urban household income in 2022 is RM9,428, a 2.9% rise from RM8,635 in 2019. Meanwhile, the average rural household income in 2022 is RM5,147, showing a 0.9% growth from RM5,004 in 2019.

Click to understand more about Malaysia's income classification!

In the primary housing market, the number of new launches improved quarter-on-quarter with the launch of 6,900 units in the third quarter of 2023 (3Q 2023) versus 4,797 in the 2Q 2023, said the National Property Information Centre (Napic).

Click to read the news!

A total of 26,645, or 86.43 per cent, out of 30,841 loan applications were approved for the youth under the Housing Credit Guarantee Scheme (SJKP) from 2008 till Sept 30 this year.

Read the news here!

According to data from DataSense on PropertyGuru and iProperty listings in Sungai Besi, the median PSF hovered around the RM450k mark in August, 2023, which is highly attractive considering the strategic location and accessibility.

Read more here!

A property valuation is required when you plan to buy a subsale property in the secondary residential property market and you intend to take out a housing loan from a bank to fund the purchase.

Want to know more? Read the complete guide here!

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Properties on the KL side of Cheras experienced an early boom, benefiting from easy access to the city via multiple roads. However, the Selangor side is not far behind, catching up swiftly. The wave of development has pushed southwards, reaching Balakong at the Kajang border, giving rise to the emerging area known as Cheras South.

Cheras KL vs Cheras Selangor, what's your choice? 😎

Read more here!

The pandemic has undoubtedly reshaped our living preferences, with many individuals and families seeking solace in the tranquillity of suburban areas.

This shift was driven by a desire for more space, a slower pace of life, and a sense of safety away from crowded urban centres. Does this still hold true?

Read 2023's top 10 most searched areas in Malaysia now!

MRT Corp will begin its land acquisition process in stages from next year for the Mass Rapid Transit Line 3 (MRT3) Circle Line project, which will take two years to be finalized, said Transport Minister Anthony Loke.

Read more here!

With an allocation of RM393.8 billion, Budget 2024 is Malaysia’s largest-ever budget. There’s a further shift from blanket subsidies to a more targeted approach to benefit the lower-income groups. On the property front, there’s a flat rate on stamp duty for MOT, increased allocation for the Housing Credit Guarantee Scheme (HCGS), and funding to revive sick and abandoned projects.

Let’s go over those, and other financial incentives that consumers and home buyers can look forward to.

Public discourse is ongoing, debating whether Malaysia is graced with an excess of shopping malls.

Within this article, we delve into a comprehensive analysis of the quantity, classifications, performances, and evolving roles of shopping malls in the post-pandemic era.

Read valuable insights from Dr Foo Chee Hung now!

Despite what many people think, the cost involved when buying a house is not limited to the 10% down payment.

Read more here!

Kami telah menganalisa kemungkinan kesan yang wujud kepada bakal pembeli rumah yang berdepan dengan kenaikan yuran guaman untuk hartanah / nilai pinjaman di bawah senario yang berbeza.

Klik untuk baca lebih lanjut!