From left: Rehda deputy president Datuk Ho Hon Sang, Tong and exco member Ra Adrina Muztaza at the media briefing.The local property market is gradually returning to normalcy as indicated by an increase in the number of launches and sales, according to the Real Estate and Housing Developers Association Malaysia .
The majority of the coming launches fall within the price range of RM150,001 to RM300,000, primarily in Kedah/Perlis, Malacca, Pahang, Penang and Perak. “The enhancement to the housing credit guarantee scheme, the introduction of the Madani housing scheme and the announcement by Local Government Department Minister Nga Kor Ming on the proposed National Housing Fund are some of the efforts that we believe will yield positive results. We look forward to engagements with the government and related industry players so more details on these initiatives can be shared,“ he added.
Some 53% of respondents reported to have unsold completed residential units at the end of the review period mostly aged between zero and 12 months and beyond 36 months .