When it comes to the cost of developing property, construction, material and labour cost comes to mind but few people understand that a significant portion of the cost is the compliance cost, also known as the cost of doing business.

Bracing themselves for the impending requirement to provide Centralised Labour Quarters (CLQ) for their workers, developers hope that they will be provided with tax incentives for them to transit through the disruption that would be caused initially.

When it comes to the valuation of potential development, property valuators use a method of comparison, by evaluating a development to its surrounding property prices without taking into account the new infrastructure and amenities the development put into place.

Developers have called for the government to incentivise the property industry towards greener housing developments in line with the low-carbon nation agenda by 2040.

Property developer LBS Bina Group (LBS) and its subsidiary MGB Bhd (MGB) have formed a strategic collaboration with Malaysia Green Technology and Climate Change Corporation (MGTC), an agency under the Ministry of Natural Resources, Environment, and Climate Change to explore innovation in renewable...

In Sabah and Sarawak, the dynamics of the property industry differ significantly from a bustling city like Kuala Lumpur or in other parts of Peninsular Malaysia. In addition, social and affordable housing often pose unique challenges in urban areas that would not have been issues with the other...

Malaysia’s economy has not been growing strong enough in recent years and this has a negative impact on first-time home buyers. Hit by the slow pace of wage growth, rising inflation rate, vestiges of the pandemic and a series of OPR hikes, many of them have been rejected in their applications for...

While developers are obliged to build affordable units, termed Mampu Milik, the implementation of these units is not as clear-cut as it should be. These guidelines differ across states to ensure the provision of quality and sustainable housing, with its own criteria and simultaneous programs to be...

Property developers are seeking an extension of the i-Miliki initiative for three more years, subject to the improvement of the economy. The programme would then rely on the realities of ordinary Malaysians, with the flexibility to change as necessary.

Eyes are on the state as the publication of Budget 2024 approaches, bringing with it far-reaching implications for all sectors of the economy. Every year, property developers submit their budget wishlist, covering industry concerns, challenges and future-forward recommendations.