affordable

Villamas enhances the Seri Kembangan skyline with meta_city

By Gunaprasath Bupalan (Emjay Communications / The Malaysian Global Busines Forum / News Hub Asia / iHaus / Property360Digest) Located near the northern end of the PLUS Expressway Southern Route, Seri Kembangan needs little introduction to property enthusiasts. History would tell us that Seri Kembangan was established as the Serdang New Village in 1950 when the British moved Malaysian Chinese villagers living around Sungai Besi to a centralised location due to the Communist threat during the Malayan Emergency as part of the Briggs Plan. In its early days, the village had 50 houses and all were built from scratch because the British only provided empty plots of land. The area was close to rubber estates and the jungle posed dangers of a different kind. Most of the 15,000 inhabitants earned ...Read More

MAPEX is back tomorrow – in support of the Government’s Home Ownership Campaign

Mark your calendars for that long-awaited home purchase By Gunaprasath Bupalan (Emjay Communications / The Malaysian Global Busines Forum / News Hub Asia / iHaus / Property360Digest) On 1 March 2019, Prime Minister Tun Dr Mahathir Mohamad officially launched the National Home Ownership Campaign 2019 (HOC 2019) which is being held from Jan 1 to June 30, 2019.  The idea behind the HOC is to increase home ownership among Malaysians and to address the property overhang which has hit 43,211 units amounting to a value of RM29 million as of the third quarter of 2018. Back in November last year, Finance Minister Lim Guan Eng during the tabling of Budget 2019 announced the HOC initiative will kick off in 2019. Initiating this, REHDA together with the Housing and Local Government Ministry (KPKT) suc...Read More

IBS – the way forward for Malaysia

By Gunaprasath Bupalan – Emjay Communications / Malaysia Global Business Forum / News Hub Asia / iHaus / Property360Digest / Facebook – Property360digest / Linked-in – Gunaprasath Bupalan / Instagram – Property360Digest You know the idiom – There’s more than one way to skin a cat? Well, if you really look at it, there isn’t many ways to build a house. Home construction isn’t like cat skinning – you basically put up the four walls then slap on a roof. Viola! But as everything around us has changed or modernised over the years, this age-old method of home construction also needs to change with the times…don’t you think? Well, technology has already lent a hand in this change. The most modern of them all is actually what was revealed last week at the South by Sou...Read More

Industrial Building System (IBS) – what is it actually? Best understood visually

By Gunaprasath Bupalan – Emjay Communications / Malaysia Global Business Forum / News Hub Asia / iHaus / Property360Digest / Facebook – Property360digest / Linked-in – Gunaprasath Bupalan / Instagram – Property360Digest https://youtu.be/GltVoqNaXCs – Snippet of IBS (watch how quick construction actually is and the savings one could benefit from using IBS The year 2019 marks ICW’s 21st edition bringing together construction industry players to showcase, learn, build partnerships and share innovative ideas in this region’s biggest construction event. The event began on 18 March 2019 and will end on 21 March 2019, held at MITEC, Kuala Lumpur, Malaysia. In line with ICW 2019, we found it appropriate to share our knowledge on one of the most intriguing inclusions i...Read More

Gamuda IBS replicates its successful RSKU projects constructed by Digital IBS – Idaman Residensi

By Gunaprasath Bupalan – Emjay Communications / Property360Digest / MalaysiaGlobalBusinessForum / NewsHubAsia SELANGOR CYBER VALLEY, 4 March 2019 – For the first time ever, Yang Amat Berhormat Tuan Amirudin Shari, Dato’ Menteri Besar Selangor officiated a digital Industrialised Building System (IBS) project under the Rumah Selangorku initiative at the Idaman Residensi apartment at Seksyen 6, Selangor Cyber Valley on 2 March. At the event, Perbadanan Kemajuan Negeri Selangor (PKNS) Corporate Communications Manager Ishak Bin Hashim said that their commitment to develop Idaman Residensi was in line with the Ministry of Housing and Local Government’s goal to build one million affordable homes over the course of the coming 10 years. PKNS Property,  a subsidiary of PKNS seems to be confide...Read More

PR1MA now chasing profit, not helping first-time owners, says house buyers’ group

(April 20): PR1MA Corporation Malaysia (PR1MA) has strayed from its objective of building affordable homes in urban localities and instead has become profit-oriented, going into joint ventures with private developers, the National House Buyers Association (HBA) said. Its secretary-general, Chang Kim Loong, said the corporation under the Prime Minister’s Office has relaxed many of its housing requirements and allowed private developers to come in as joint venture partners. “We know these private developers are profit-oriented and they are not there to do charity. Therefore, why should PR1MA share their cake with them?” Chang said it has increased the ceiling price of a house from RM350,000 to RM450,000 last year and allowed second-time buyers to purchase PR1MA units. “The ...Read More

Buyers: Cheap homes too small, too few, too far away

PETALING JAYA: So-called affordable homes are too small, too far away and too few, the national house-buyers’ association said today, disputing a claim by developers of an oversupply of affordable homes. The National House Buyers Association (HBA) also criticised the unrealistic definition of “affordable homes” used by the Real Estate and Housing Developers’ Association (Rehda). HBA secretary-general Chang Kim Loong concurred with Bank Negara Malaysia that most Malaysians could not afford homes costing between RM300,000 and RM500,000, which falls within Rehda’s definition of affordable housing. Chang said the price should be between RM150,000 and RM300,000. Speaking to FMT, he pointed out that Bank Negara had in fact estimated the maximum price of an affordable home to be only RM282,000, d...Read More

HBA Maintains Easing Lending Guidelines is not the Solution to the Inaccessibility of Affordable Housing Loans

  PETALING JAYA: Relaxing banks’ lending criteria is not the solution to address the issue of access to affordable housing loans, said the National House Buyers Association (HBA) secretary-general Chang Kim Loong. “The current problem is that house prices are too expensive in relation to the buyers’ income. This has resulted in some prospective house buyers having their loan applications rejected. However, the solution is not to relax lending guidelines but to find ways to lower property prices. The relaxation of lending guidelines will surely worsen the situation and speed up the road to a ‘homeless generation’ that HBA has been warning about for years,” he told SunBiz, addressing the Real Estate and Housing Developers Association’s (Rehda) call for banks to be less strict in their l...Read More

Of speculators and bogus house buyers

Immediate government measures are needed to tackle issue “Harga Rumah Melampau” – that’s the desperate cry of the rakyat against skyrocketing house prices as headlined by one of the widely-read Bahasa Malaysia newspapers. In English, it translates to “House prices are ridiculous”. The National House Buyers Association (HBA) has consistently called for government intervention to prevent a “homeless generation of young adult Malaysians” from emerging, especially in urban and sub-urban areas, who, if not for wild speculation, would be able to buy their own houses. In time, Malaysia will face a “social crisis” with serious political implications if the majority of the lower and middle-income groups do not have affordable houses. The matter is of grave urgency because the homeless hail from the...Read More

Making housing affordable to the rakyat

The National House Buyers Association (HBA) acknowledges the challenges faced by the prime minister in tabling Budget 2017 in view of the slowdown in the global and regional economies and steep drop of the ringgit. HBA’s wish list to stem excessive speculation in the property sector that had caused the unbridled escalation of property prices will remain. We must also continue to challenge some ill-concocted ideas that may prey on the government’s laxity. It was for this purpose that HBA accepted the Ministry of Finance’s invitation early this month to table a paper entitled Affordable Housing: How the Rakyat could own it? in a focus group dialogue with all stakeholders, both government and private. The government now seems to be serious about doing something. If so, it has to make several ...Read More

Make Kampung Baru a PR1MA Malay suburb

THE 1Malaysia People Housing Programme (PR1MA) is a government initiative with the promise of an affordable home for every couple that deserves it and meets its criteria. The Government’s main contribution to ensuring affordability is its land, which is a significant subsidy. It is necessary for the organisation to have clear criteria for these affordable homes. PR1MA will have to be comprehensive in all aspects of house purchase: criteria for qualifying, build and sell; types of houses, the exclusion of commercial properties, the grievance redressal regime between purchaser and PR1MA, controls over sub-sale and, of course, appropriate sanctions for dishonesty in dealings with PR1MA. They must build the right product at the right place with the right pricing and the right numbers. Already,...Read More

Limit PR1MA’s special end-financing scheme to first-time buyers, says HBA

PETALING JAYA: The Special PR1MA End Financing Scheme (SPEF) and subsequent sale of 1Malaysia People’s Housing Programme (PR1MA) homes should be limited to only first-time house buyers, said the National House Buyers Association (HBA). HBA secretary-general Chang Kim Loong applauded the SPEF, which will assist the lower income group to obtain financing to buy their PR1MA homes as many potential buyers have been denied financing by banks. “However, as this is a special financing scheme for the lower income group, HBA hopes that this financing scheme is only reserved for first-time house buyers as PR1MA has already allowed second-time house buyers to buy PR1MA properties,” he said in a statement yesterday. Chang said the subsequent sale of PR1MA units should be regulated and urged Perbadanan...Read More

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