The current Home Ownership Campaign spearheaded by the government has seen approximately RM285 million worth of properties booked on the back of tax waivers and discounts offered by participating developers.
Unfortunately, the reality remains that not everyone looking for a home can actually afford one. With house prices largely seen as unaffordable at a multiplier of 5.0 to income in 2016, it is no wonder that the government has stated as part of the National Housing Policy a desire to grow the rental market.
With the current state of overhang, rental rates have certainly faced significant downward pressure with some areas falling by as much as 20% in 2018. Unfortunately, vacancies and overhang have tended to sit in price brackets beyond the reach of the B40 and, to an extent, the M40. Such a scheme could encourage investors to absorb excess housing stock, directly increasing supply of rentable homes at more affordable rates.
Source: News Formal (newsformal.com)
who is the invester
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Johor Sultan wants stern action against those involved in affordable housing scamJOHOR BARU: Johor Ruler Sultan Ibrahim ibni Almarhum Sultan Iskandar wants stern action to be taken against those involved in an affordable housing scam in the state.
Source: staronline - 🏆 4. / 75 Read more »
Johor Sultan wants action against affordable homes conmen | Malay MailJOHOR BARU, March 27 — Johor ruler Sultan Ibrahim Sultan Iskandar has today called for stern action to be taken against the perpetrators of the Johor Affordable Homes (RMMJ) scam. “It is sad to hear of these cases because the rakyat have been told time and again that there are only online...
Source: malaymail - 🏆 1. / 86 Read more »
Rules to change to enable resale of affordable homes, says Zuraida | The Malaysian InsightNew regulations will allow owners to sell their units back to the government.
Source: msianinsight - 🏆 8. / 63 Read more »
Over 70 defrauded in largest Johor affordable home scam yet | Malay MailKUALA LUMPUR, March 27 — More than 70 people in Johor have been left poorer after they were tricked into paying RM13,000 each as a “downpayment” for Johor Affordable Homes (RMMJ). The Star reported that the victims of the biggest RMMJ scam to date had handed their money to “middlemen” who...
Source: malaymail - 🏆 1. / 86 Read more »
Deputy Speaker: Parliament will pick new PAC chief once all cases ‘solved’ | Malay MailKUALA LUMPUR, March 25 — Parliament will allow the Public Accounts Committee (PAC) to conclude ongoing proceedings before selecting a new chairman, said Deputy Speaker Nga Kor Ming. Nga said they did not want to disrupt the PAC headed by PPBM’s Datuk Seri Ronald Kiandee until it fully disposes... In the mean time, all new cases would be..? Nak ganti, ganti segera. Tak perlu dilly-dally. What is the deadline? NgaKorMing chedetofficial pakatanharapan_ PPBMofficial
Source: malaymail - 🏆 1. / 86 Read more »
Deputy Minister: Bazaar spot moved over traffic, sanitation woes | Malay MailKUALA LUMPUR, March 25 — The Ramadan and Deepavali bazaars at Lorong Tuanku Abdul Rahman will be relocated to Jalan Raja due to complaints of congestion and poor sanitation in previous editions, said Deputy Federal Territories Minister Datuk Shahruddin Md Salleh. He explained during Question Time...
Source: malaymail - 🏆 1. / 86 Read more »
Congestion charge might solve Klang Valley's chronic jamsLETTER | I have several recommendations on how to successfully implement the proposed charge. In other words, an ERP system similar to that in Singapore. The question is whether there is the political will to do so?.. anthonyloke MOTMalaysia Zalim 'What? Traffic jam in KL? I haven't been in one!' - say all PH minister. anthonyloke chedetofficial
Source: malaysiakini - 🏆 20. / 51 Read more »