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Jax Lee

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House Financing Must Be Given Serious Attention In Budget 2017

By Jax Lee / a couple of years ago

KUALA LUMPUR, Oct 12 (Bernama) — Property portal, PropertyGuru, is suggesting that more attention be given, in the 2017 Budget, to access to housing loans following the increase in the supply of affordable houses. The portal, in a statement, said with Malaysia’s property market experiencing a serious downturn, action needed to be taken to instil […]

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House Buying Issue Among Young Generation To Be Focus Of 2017 Budget

By Jax Lee / a couple of years ago

SUNGAI PETANI, (Bernama) — The house buying issue among the young generation is expected to be among the key focus areas of the 2017 Budget to be tabled on Oct 21. Deputy Finance Minister, Datuk Othman Aziz, said this issue must be given attention considering there were many among the young generation who could not […]

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Affordable Housing: Can Property Prices Be Controlled?

By Jax Lee / a couple of years ago

KUALA LUMPUR, Oct 6 (Bernama) — Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar’s proposal for housing developers to be given moneylending licences to offer loans to non-bankable house buyers has drawn much debate as to its viability. If house buyers, especially the first-timers, cannot get a normal bank loan at an […]

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Governmet Urges Higher EPF Withdrawal for First Time Homebuyers

By Jax Lee / a couple of years ago

The government is currently in discussion with the Employee Provident Fund (EPF) to allow first-time house buyers to tap into their EPF savings to cover the financing. This followed suggestions that funds within the EPF Account 2 be increased from the current 30 percent to 40 percent. According to Second Finance Minister Datuk Johari Abdul […]

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MAPEX II To Offer 3,000 Units Worth RM1.247 Billion

By Jax Lee / a couple of years ago

KUANTAN — The three-day Malaysia Property Exposition Pahang II (MAPEX II) here, which will start from Oct 14, 2016, will offer over 3,000 units worth RM1.25 billion. Real Estate and Housing Developers’ Association (REHDA) Pahang branch’s Chairman, Chua Say Chai, said 28 residential and commercial developers from Pahang, Terengganu, Kuala Lumpur and Melaka will participate in […]

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Ministry Urged To Review Quality Of Building Materials

By Jax Lee / a couple of years ago

JOHOR BARU: The Urban Wellbeing, Housing and Local Government Ministry has been urged to review the quality of building materials used by the contractors in People’s Housing Project (PPR). Pulai MP Datuk Nur Jazlan Mohamed said the call was made based on his visit to PPR Sungai Melana in Taman Perling here, where there were […]

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MTUC Urges Government To Introduce Better Scheme For Home Buyers

By Jax Lee / a couple of years ago

PETALING JAYA, 4 October: The Malaysian Trade Union Congress (MTUC) has urged the government to introduce a better scheme to reduce the burden of house buyers in Budget 2017. Its secretary-general N. Gopal Krishnam said the rakyat are still experiencing difficulties in owning a house. “As such, MTUC hopes that the federal government will introduce home […]

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SP Setia To Launch Affordable Apartment At Setia EcoHill

By Jax Lee / a couple of years ago

KUALA LUMPUR, Sept 29 (Bernama) — SP Setia Bhd will launch the D’Camellia towers comprising 317 affordable apartment units in Setia EcoHill township in Semenyih on Oct 1, 2016. In a statement today, the property developer said the freehold units are priced at RM262,000 each with three bedrooms, two bathrooms and two parking bays. “These […]

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Gamuda’s Q4 Profit Flat On Lower Income, Higher Taxes

By Jax Lee / a couple of years ago

PETALING JAYA: Gamuda Bhd reported a flat net profit of RM152.1 million for the fourth quarter ended July 31, 2016 against RM153.68 million in the previous corresponding period due to lower income and higher income tax expenses. Revenue saw a slight drop of 1.4% from RM623.27 million to RM614.39 million on the back of the tapering […]

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Stonor 3 Luxury Development Gets 30 Pct Take-up Rate

By Jax Lee / a couple of years ago

KUALA LUMPUR, Sept 28 (Bernama) — Property developer Tan & Tan Developments Bhd said its joint-venture (JV) luxury curated development with Japan’s Mitsubishi Jisho Residence Co Ltd, Stonor 3, has achieved 30 per cent take-up rate since its registration commenced in June this year. Tan & Tan Executive Director Teh Boon Ghee said the development […]

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