Jax Lee 
Some condominiums in Singapore continue to enforce strict rules preventing domestic helpers from using the facilities, such as swimming pools and gymnasiums, as they are meant for homeowners only. PropertyGuru understands that this is a long-standing practice implemented by a number of Management Corporation Strata Titles (MCSTs), also known as condo managing agents, due to … Read more
KUALA LUMPUR: Eligible developers can now apply for moneylenders licences to provide loan facilities of up to 100% to property buyers. The licence will be issued by the Urban Well-being, Housing and Local Government Ministry under the Moneylenders Act 1951 (Amendment) 2011. Its minister Tan Sri Noh Omar said they are allowing developers to provide … Read more
KUALA LUMPUR: The government’s move to allow property developers to provide up to 100% financing to their buyers is a positive surprise as it is an additional option for the developers to boost sales, says CIMB Equities Research. The licence is regulated under the Moneylenders Act 1951 and Pawnbrokers Act 1972, and does not involve … Read more
THE state government has introduced several additional schemes to help Selangor residents buy a property; including programmes for newlyweds and retired police officers. “We have set aside RM7mil for the Smart Saver scheme to help newlyweds save more money. “Under the scheme, a couple will be allowed to rent a state-owned house for a maximum … Read more
PETALING JAYA: AllianceDBS Research said the Penang property market has been facing challenging conditions since 2014 as property prices continue to rise, albeit at a slower pace. “We notice that transaction numbers have continued to extend its decline in 2016 and there is no sign of a recovery in the near term as prices remain … Read more
SERI KEMBANGAN: Property developer Hua Yang Bhd, which is targeting sales worth RM500mil within its current financial year ending March 31, 2017, will be launching its newest offering, Astetica Residences, by this quarter. Hua Yang financial controller Joe Tan said the launch of the mixed development at Seri Kembangan will help the company achieve its … Read more
KUALA LUMPUR, 6 September: The Iskandar Regional Development Authority (IRDA) aims to achieve RM25 billion in new investments for Iskandar Malaysia this year. Corporate management and finance director Nor Hisham Mohd Yusof said IRDA was confident of achieving the target as the authority had secured RM17.7 billion in new investments in the first half of 2016. … Read more
SHAH ALAM: Property developers will have to allocate up to 30% of affordable units for their serviced apartment and boutique office projects, depending on type and location, according to the Selangor Housing and Property Board (LPHS). Its executive director Norzaton Aini Mohd Kassim said developers who build serviced apartments and small office home offices (SOHO), small office … Read more
SINGAPORE — The Monetary Authority of Singapore (MAS) has refined the Total Debt Servicing Ratio (TDSR) framework to allow all homeowners to be exempted from meeting the 60 per cent threshold when refinancing mortgages of the home they reside in. In a statement on Thursday (Sept 1), the central bank said the move was taken … Read more
PETALING JAYA, 1 September: Lower income households in Malaysia borrow seven times more than their annual income, on average, and are not financially resilient, said Khazanah Research Institute (KRI) in its publication, The State of Households II. “While household balance sheets look healthy at the aggregate level, households in different income classes face different financial risks. … Read more
You must be logged in to post a comment.