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

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 … Read more

Ministry Urged To Review Quality Of Building Materials

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 … Read more

MTUC Urges Government To Introduce Better Scheme For Home Buyers

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 … Read more

SP Setia To Launch Affordable Apartment At Setia EcoHill

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 … Read more

320 New Parking Bays For LRT Users In Taman Paramount

THE Taman Paramount Light Rail Transit (LRT) station now has an additional 320 parking bays, thanks to the newly-built park-and-ride facility, which began operations in July. The facility was funded by the Transport Ministry with the Petaling Jaya City Council (MBPJ) as project manager, and is built on Tenaga Nasional Berhad (TNB) reserve land next … Read more

No Shortage Of Affordable Homes, Says Glomac Bhd

KUALA LUMPUR: There is no shortage of affordable homes in the country, only the issue of end-financing, according to Glomac Bhd. Its group managing director and CEO Datuk Seri Fateh Iskandar Mohamed Mansor said obtaining a loan is still the main concern as house buyers are faced with end-financing rejection and lower margin of financing offered … Read more

Sarawak Disagree With The Move To Allow Loans By Housing Developer

KUCHING, (Bernama) — Sarawak would not adopt the move by the Ministry of Urban Wellbeing, Housing and Local Government to allow private housing developers to give loans to homebuyers. Deputy Chief Minister Datuk Amar Abang Johari Tun Abang Haji Openg said this is because such a move could pose financial risks to the developers as … Read more

Kelantan, Federal Government To Build 4,000 Housing Units Under PPA1M

KOTA BHARU, (Bernama) — The Kelantan government has agreed to cooperate with the federal government to build an additional 4,000 housing units under the 1Malaysia Civil Servants Housing (PPA1M) project in the state. State Local Government, Housing, Youth and Sports Committee chairman Datuk Abdul Fattah Mahmood said such a measure was taken to ensure more … Read more

Banking Institutions To Continue Giving Home Loans For Eligible Customers

KUALA LUMPUR, (Bernama) — Banking institutions will continue to provide home financing facilities to eligible customers, said the Association of Banks in Malaysia (ABM) and the Association of Islamic Banking Institutions Malaysia (AIBIM). In a joint statement today, the two associations said there are various types of home financing offered by commercial banks and Islamic … Read more