Press Statement by REHDA on Bukit Antarabangsa Landslide Tragedy
REHDA Malaysia shares in the grief loss and the suffering caused by the Bukit Antarabangsa landslide tragic incident on 6 December 2008.
Overnight Policy Rate Cut Will Help House Buyers
REHDA Malaysia welcomes the move made by bank Negara Malaysia to lower its Overnight Policy Rate (OPR) by 25 basis points to 3.25% and views the measure as a proactive move by the Central Bank to lower costs of borrowing for consumers.
REHDA: Allow For Hillside Development
The Real Estate and Housing Developers’ Association Malaysia (REHDA) welcomes the statement in the Sunday Times, 16 November 2008 by Geo-technical engineer Dr Gue See-Sew, a Fellow of the Academy of Science Malaysia who stated that hillside projects can be carried out safely provided the slopes are stabilised.
Budget 2009 New Measures
The Real Estate and Housing Developers’ Association Malaysia (REHDA) welcomes the various measures announced by the Minister of Finance Dato’ Seri Najib Tun Razak to stimulate the economy.
REHDA objects to imposition of higher housing quota
REHDA Malaysia welcomes the statement by Housing and Local Government Minister, Datuk Seri Ong Ka Chuan that the move by the Kedah Pakatan Government imposing 50% from previously 30% housing quota for Bumiputera effective September 1 would be akin to killing the housing industry. The Association also opposes the compulsory allocation of 50% Malays lots for all housing development projects in the Kedah state, including those on freehold land.
Review Low Cost Housing Ceiling Price
REHDA Malaysia welcomes the announcement made by the Finance Minister, Dato' Seri Najib Tun Razak on the additional allocation of RM100 million for the Rumah Mesra Rakyat Scheme. The Association views the additional budget as a proactive move by the Government to enhance home ownership among the lower income group.
Press Statement on Budget 2009
Real Estate and Housing Developers' Association Malaysia (REHDA) President, Datuk Ng Seing Liong welcomes the various incentives and measures to promote home ownership and investment in the property sector announced in the 2009 Budget, namely: -
REHDA Welcomes Quota Setting on Steel Bars and Cement Exports
Real Estate and Housing Developers' Association Malaysia (REHDA) welcomes the Government's initiative to study the possibility of imposing a quota on steel bars and cement exports to ensure adequate domestic supply.
REHDA Hails Move To Restructure Housing Loan
Real Estate and Housing Developers' Association Malaysia (REHDA) welcomes the Government's initiative in getting the banks to restructure the repayment of housing loans to help ease the burden on borrowers.
REHDA Proposes Export Duty To Complement Cement Liberalisation
Real Estate and Housing Developers Association (REHDA) welcomes the Government’s decision to liberalise the cement market with the abolishment of ceiling price for cement.
REHDA Urges For Further Liberalisation on Steel Bars, Rods and Wires
The Honorable Prime Minister’s announcement on May 12 2008 for the liberalization of steel products was a welcomed and much-anticipated for decision as the price control mechanism had been abolished and imports of these products were allowed without the requirement of APs. However, to the disappointment of the industry, this liberalization seems to favor manufacturers rather than the construction industry due to the escalation of steel bar prices.
Property Developers Welcome Government’s Decision To Liberalise Steel Market
Real Estate and Housing Developers Association (REHDA) welcomes the Government’s decision to liberalise the steel market with the abolishment of ceiling price for steel bars.
Explain Price Difference in Cost of Steel Bars From China
President of REHDA Malaysia, Mr Ng Seing Liong, JP urges the Government especially the Ministry of Domestic Trade and Consumer Affairs, Ministry of International Trade and Industry (MITI) and the Malaysian Iron and Steel Industry Federation (MISIF) to investigate and explain the 30% price difference in cost of steel bars from China.
REHDA welcomes removal of price controls
The Real Estate and Housing Developers’ Association (REHDA) welcomes the announcement made by the newly appointed Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad that he is considering to do away with the price control mechanism and will ensure a sufficient supply of consumer goods in the market.
REHDA LOOKS FORWARD TO WORKING WITH NEW CABINET
REHDA welcomes the Prime Minister's announcement on the new Cabinet and views the line up as a balanced mix of old and new faces with multi faceted experience and knowledge
40,000 More Low Cost - An Incentive to the Underprivileged
The Deputy Prime Minister YB Dato’ Seri Najib Tun Razak’s announcement of the government’s change of policy and approach on housing for the poor and underprivileged is indeed a welcome move. Datuk Seri Najib said that the government has allocated to build a total of 40,000 affordable housing units nationwide to meet the high demand for housing to cater to the needs of those from the lower income especially single mothers, senior citizens and the handicapped.