In a bid to move units, more property developers are offering deferred payment schemes, reported The Straits Times. In fact, two more developers are now offering the option following the recent success of OUE Twin Peaks, which offered the scheme. The scheme partly bets on whether current loan-to-value limits will be fine-tuned, since the majority … Read more
KUALA LUMPUR: Property developer I-Bhd is in talks with a few parties over a land deal for the group’s next phase of development, which include urban projects and townships. Deputy chairman Datuk Eu Hong Chew said the group is actively looking for land in the Klang Valley. “We are looking at a sizeable project worth … Read more
Gross floor area exemptions may be given for facilities like parking, showers and lockers Developers will be given incentives to provide facilities such as bicycle parking, showers and locker rooms in their new buildings, as part of a new government plan to encourage people to cycle. They may not have to pay for the floor … Read more
Developers are offering creative financing packages to attract potential home buyers, given the sluggish property market and the stringent criteria of banks in granting housing loans. “The market was still flat in the first quarter, with some developers delaying their launches. They are trying to move whatever stock that is still available, and we have … Read more
Sunway Property, Malaysia’s leading property developer, has unveiled the first landed residential development of its largest integrated township, Sunway Iskandar. In conjunction with the show units’ launch, Sunway Property will be hosting a series of events including movie screenings and thrilling activities for the Southern community. Located in the Lakeview precinct under the Emerald Collection, … Read more
SHAH ALAM: Developers of serviced apartments in Selangor may need to allocate a certain percentage of units as affordable homes, according to the Selangor Housing and Property Board (LPHS). In an interview with SunBiz recently, executive director Norzaton Aini Mohd Kassim said LPHS is studying new guidelines for serviced apartments, which explains the notice of … Read more
Singapore-listed HLH Group has launched phase two of its maiden mixed-use development in Cambodia, after the first phase was sold out. A total of 437 units were released in the latest phase of the D’Seaview project in Sihanoukville, with one- to three-bedroom units on offer. The waterfront development was first launched in September 2015. All … Read more
KUALA LUMPUR: Developers have been encouraged to build more affordable homes to assist the Government to achieve its target of building one million affordable homes within five years. Prime Minister Datuk Seri Najib Tun Razak said the majority of units would be built by the Government under the 1Malaysia People’s Housing Scheme and 1Malaysia Civil … Read more
KUCHING, March 12 (Bernama)–Property developers’ participation is vital in ensuring the successful delivery of 500,000 units of PR1MA homes nationwide, worth more than RM100 billion. Perbadanan PR1MA Malaysia (PR1MA) chief executive officer Datuk Abdul Mutalib Alias said the participation from developers, both public and private, through collaborations with PR1MA was critical in ensuring the success … Read more
Forbes has just released its 2016 ranking of the world’s richest people, with 17 billionaires from Singapore making it on the prestigious list. Close to half of them are involved in the real estate business, but for many, their fortunes have dwindled amid Singapore’s weak real estate market. Property siblings Philip and Robert Ng topped … Read more