• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • About
  • Contact
  • RSS
  • Archives
  • Subscribe
The Nut Graph

The Nut Graph

Making Sense of Politics & Pop Culture

  • Projects
    • MP Watch
    • Found in Conversation
  • Current Issues
    • 6 Words
    • Commentary
    • Features
    • Found in Quotation
    • News
  • Columns
  • Interviews
    • Exclusives
    • Found in Malaysia
  • Multimedia
    • Audio
    • Pictures
    • Videos
  • Corrections
  • Letters to the Editor
  • Vault
    • Found in Translation

Rehda welcomes govt boost for housing industry

By Elizabeth Looi

November 4, 2008

PETALING JAYA, 4 Nov 2008: The Real Estate and Housing Developers’ Association Malaysia (Rehda) welcomes the government’s latest announcements on the construction and housing industry.

Its president Datuk Ng Seing Liong said in a statement that Rehda is pleased that the government has increased its role in providing more low cost and medium cost homes to the people.

“Such move will relieve the private sector developers from social obligations and allow us to focus on meeting the demand for market driven products especially during these trying times,” he said.

Finance Minister Datuk Seri Najib Razak announced that the government would allocate RM1.2bil to build 25,000 units of low and medium cost houses.

The allocation was part of the government’s RM7 billion stimulus package to reinforce the economy.

Ng added that allowing individuals to purchase commercial real estate worth RM500,000 and above without any Foreign Investment Committee’s approval will encourage greater interests for foreigners to invest here. 

He also said the reduction in Employees Provident Fund contributions by employees will enable greater disposable income available to spend on housing.

“We hope that the people will take this opportunity to save and invest wisely. Property investment is still one of the most viable options considering the high yield benefits in the longer term,” he added.

Rehda also lauded the government’s efforts to abolish import duty for cement, iron and steel products for the construction industry.

“Rehda hopes to see that such a move will translate into lower costs of building materials, and that the local suppliers will now price their products more competitively,” Ng said. 

Filed Under: News Tagged With: govt, housing and construction industry, Rehda, stimulus package

Primary Sidebar

Search

Recent Comments

  • Wave33 on The Nut Graph stops publication
  • Adam on The Nut Graph stops publication
  • PSTan on The Nut Graph stops publication
  • PSTan on The Nut Graph stops publication
  • Andre Lai on The Nut Graph stops publication

Recent News

  • The Nut Graph stops publication
  • Nasihat tentang sepupu yang mengganggu perasaan
  • Uncommon Sense with Wong Chin Huat: The Sunni-Shia split and the answer to Muslim unity
  • Why Malaysia needs the national unity bills
  • Challenging government in the digital age: Lessons from Kidex
  • Najib’s failure
  • Babi, anjing, pondan: Jijik orang Islam Malaysia
  • Kidex and the law – What the government’s not telling you
  • Beyond Dyana Sofya
  • Uncommon Sense with Wong Chin Huat: Does Malaysia need hate speech laws?

Tags

Abdullah Ahmad Badawi Anwar Ibrahim Barisan Nasional BN Bukit Selambau by-election dap Deborah Loh Ding Jo-Ann Election Commission elections Found in Malaysia Found in Quotation Gan Pei Ling government high court Hishammuddin Hussein ISA islam Jacqueline Ann Surin Khairy Jamaluddin KW Mak Lim Guan Eng Malaysia MCA Menteri Besar MP Watch Muhyiddin Yassin muslim Najib Razak Pakatan Rakyat Parliament Parti Keadilan Rakyat pas Penang Perak PKR police politics prime minister Selangor Shanon Shah Umno Wong Chin Huat Zedeck Siew

Footer

  • About The Nut Graph
  • Who Are We?
  • Our Contributors
  • Past Contributors
  • Guest Contributors
  • Editorial Policy
  • Comments & Columns
  • Copyright Policy
  • Web Accessibility Policy
  • Privacy Policy
The Nut Graph

© 2025 The Nut Graph