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REAL ESTATE AND HOUSING DEVELOPERS' ASSOCIATION MALAYSIA |
BUDGET 2011: POSITIVE FOR HOME OWNERSHIP, VAGUE ON GREATER KL PLANSThe Real Estate and Housing Developers’ Association (REHDA) Malaysia views the Budget 2011 as positive and helpful for home ownership for nation, and seeks further clarity and emphasis for the property industry in Greater KL. MAPEX 2010: Fulfilling Higher ExpectationsThe Malaysia Property Exposition (MAPEX) by REHDA is being held for the second time this year from 16 to 18 July 2010 at the Midvalley Exhibition Centre, MidValley. Opening hours are 10am to 9pm daily. REHDA MALAYSIA ELECTS NEW COUNCIL FOR THE TERM 2010/2012The Real Estate and Housing Developers’ Association (REHDA) Malaysia held its Annual Delegates’ Conference on Saturday, 19th June 2010 at Cititel Hotel, Mid Valley, Kuala Lumpur. The Conference was attended by 102 voting delegates from its branches nationwide. REHDA Comments on the 10th Malaysia PlanREHDA congratulates the Prime Minister of Malaysia, YAB Datuk Seri Najib Razak, for laying down the fourth pillar of the Government administration—the 10th Malaysia Plan, which is the final leg out of three others, namely the 1 Malaysia ideal, the Government Transformation Programme and the Economic Transformation Programme. The 10th Malaysia plan is premised on the main goals of high-income, inclusivity and sustainability for the next five years. REHDA Studying the Implications of IFRIC 15Recent media reports and articles have highlighted the concerns of the investment and business community on Malaysia’s adoption of the interpretation issued by the International Financial Reporting Interpretations Committee (IFRIC) 15 to account for property development income, which is scheduled to take effect on 1 July 2010. REHDA Look Forward To Working With New Minister of Housing and Local GovernmentREHDA welcomes the appointment of YB Datuk Chor Chee Heung as the Minister of Ministry of Housing and Local Government. We are confident that the Minister will continue the adoption of an open-door consultation approach towards the housing industry and we look forward to working with him in ensuring continued growth of the housing and property industry. Outrageous: Low Cost Flats for the RichREHDA condemns the bold acts of governing officials as reported in the Sun today in purchasing low-cost housing meant for the low-income group. Such acts undermine the spirit of the low-cost housing system and make a mockery out of developers’ efforts in fulfilling our social obligations as imposed upon by the Government. Levies for Foreign Constructions Workers Should be ReasonableREHDA notes the intent of the Government to reduce the nation’s dependency on foreign labour by raising the levies beginning next year, as announced by the Chairman of the Cabinet Committee on Foreign Labour and Illegal Foreign Workers Deputy Prime Minister Tan Sri Muhyiddin Yassin. Malaysian Developers' Council (MDC) Keen to Move the Property Industry ForwardMDC at its 12th Malaysian Developers’ Council Meeting held on 13.03.2010 in Kota Bharu and comprising of EXCO members of REHDA, SHAREDA and SHEDA. REHDA Urges Government to Reconsider Compulsory Broadband FacilitiesReferring to the recent announcement made by the Deputy Prime Minister, Tan Sri Muhyiddin Yassin to amend the existing law under the Uniform Building By – Law 1984 requiring the provision of broadband facilities at all new commercial and residential areas, the Real Estate and Housing Developers’ Association Malaysia (REHDA) lauds the government’s decision as the move will help tremendously in the advancement of IT. Government to Review the Threshold for Foreign Property AcquisitionFollowing the announcement made by the Economic Planning Unit (EPU) on the new FIC guideline which came into effect on 1 January 2010, President of REHDA Malaysia, Datuk Ng Seing Liong, JP expressed his concern that the new FIC Guideline which have increased the minimum price for residential property acquisition by foreigners to RM500,000 and above will only deter foreign investment into the country. |