Daily Industry News Update (24 October 2021)

INDUSTRY NEWS (24 OCTOBER 2021)

Why affordable housing should not be subjected to price control

A move by the government to control affordable housing prices in urban areas may have been done with the best of intentions, but in practice, it will backfire and contribute towards the overhang conundrum. No amount of price control can overcome the basic economic forces of supply and demand for any significant length of time.

Group puzzled by vast disparity in figures on abandoned housing projects

A group representing house buyers has questioned the disparity between the number of abandoned housing projects

Retail REITs to benefit from reopening of economy

With the reopening of most economic activities as Malaysia adopts the living with the virus stance backed by a rapid vaccination programme that has covered close to 95% of the adult population, retail real estate