Your Credit Score’s Out There

Credit reporting agency CTOS has made its consumer credit score report available via phone apps. Your ‘credit-bility’ is now in the public realm, with the agency saying this may encourage people to be more aware and to take charge of their credit health. MEK ZHIN reports. MALAYSIAN credit reporting agency CTOS has made its credit … Read more

Address Diversity Of Affordable Home Definitions, Urges REHDA Institute

PETALING JAYA, Nov 2 (Bernama) — The diversity of definitions of affordable home price threshold for the Malaysian property market needs to be addressed in a more uniform way, says the Real Estate and Housing Developers’ Association Malaysia (REHDA) Institute. Its Chairman Datuk Jeffrey Ng Tiong Lip said ideally there should be one uniform number … Read more

Government Guarantee of Up To RM100,000 To Help Buyers of PR1MA Homes

KUALA LUMPUR: The government will guarantee up to RM100,000 under the special step-up end-financing scheme announced for PR1MA (1Malaysia People’s Housing Programme). Secretary General of Treasury Tan Sri Dr Mohd Irwan Serigar Abdullah said some buyers who were chosen from the PR1MA balloting process were still unable to obtain loans. “The banks said the credit worthiness … Read more

Budget 2017: Affordable Housing

Budget 2017 was announced last week and here is a quick summary on property sector – Affordable Housing. What do you think for this Budget 2017? Do you think the Budget 2017 can help you to buy your dream home incoming year? Comment below to let us know your thought. —WMAPROPERTY It’s not about property … Read more

Budget 2017’s Impact On Property Sector

CH Williams, Talhar & Wong (WTW) sees the 2017 Budget’s impact on the property sector as relatively neutral as funds allocation, cost and taxes proposed were focused more on alleviating the home buying woes of first time buyer. WTW noted that the stamp duty waived for the acquisition of homes priced up to RM300,000 by … Read more

Company To Build Affordable Homes And A Specialist Hospital

BATU PAHAT: State investment arm Johor Corporation, through its subsidiary Johor Land Bhd, is set to develop 2,659 houses that includes affordable homes in Sri Gading here. The development on a 95.50ha land, known as Taman Mutiara Gading, would also see the construction of a specialist hospital that costs RM95mil to meet the people’s healthcare … Read more

House Financing Must Be Given Serious Attention In Budget 2017

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 … Read more

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

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 … Read more

Affordable Housing: Can Property Prices Be Controlled?

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 … Read more

Governmet Urges Higher EPF Withdrawal for First Time Homebuyers

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 … Read more