PETALING JAYA: Several local banks have revised their base rates (BR) and base lending rates (BLR) for the past three weeks, from the time when Bank Negara Malaysia (BNM) had reduced the Overnight Policy Rate (OPR) by 25 basis points to 3% last month. Property developers welcome the OPR reduction, hoping to take advantage of … Read more
KOTA KINABALU: The State Local Government and Housing Minister will hold discussions with Bank Negara on the high rejection rate of loan applicants including those seeking to buy properties under the affordable housing scheme. Datuk Seri Hajiji Noor said he believed with the cooperation and support of all parties including financial institutions, an amicable solution … Read more
An increase in the withdrawal limit for the Employees Provident Fund Account 2 (to 30 per cent of a subscriber’s EPF account) will help increase home ownership substantially and boost the property market, said Kenanga Investment Bank Bhd. “But such actions may require long-term studies by the fund due to long-term repercussions on future retirees,” … Read more
The Rent-to-Own (RTO) concept was recently suggested by the Finance Ministry to help the low-income group to acquire their first home. This approach will be very efficient in allowing low-income citizens to acquire a home without having to pay down payment. According to the Second Finance Minister Datuk Johari Ghani, a person with the earning … Read more
Rawang is poised to become a tourist hub with the completion of The Two – DA Land’s latest lifestyle project that will feature the biggest international indoor theme park in South-east Asia and Malaysia’s biggest mall. Located within a few kilometres of Kuala Lumpur and Petaling Jaya, the ambitious project is nestled on a 20.4ha … Read more
KUALA LUMPUR, July 14 (Bernama) — Bank Simpanan Nasional (BSN) is striving to get 10,000 new borrowers under its Youth Housing Scheme to boost its low take-up rate. Deputy Chief Executive (Strategy & Communication) Kameel Abdul Halim said the scheme, which was aimed at helping married youths own their first home with ease, was launched … Read more
In response to the Penang’s Heritage Site being put at risk by foreign investors, Penang’s Chief Minister Lim Guan Eng is considering reinstating the rent control law. Previously reported in PropertyGuru, the elderly in Penang are being evicted and are being forced to be homeless due to callous property investors and increasing rental. Property experts … Read more
One year after its launch, response to the government’s Youth Housing Scheme (YHS) was lukewarm, attracting only around 12% of the 20,000 total application quota for a two-year period. Of the 2,500 applications received, over RM300 million worth of loans have already been approved as at May 2016. Bank Simpanan Nasional (BSN) senior vice-president and … Read more
The first duplex project in the affluent township of Taman Tun Dr Ismail namely TTDI Segaris is launched recently. This project is a joint-venture development between Naza TTDI Sdn Bhd and Prasarana Integrated Development Sdn Bhd (Pride). Developed on a 1.01-acre parcel in Persiaran Zaaba, this project offers a single storey tower with a leasehold … Read more
KUALA LUMPUR, June 26 (Bernama) — Deputy Finance Minister Datuk Johari Abdul Ghani Sunday suggested that housing developers focus on redeveloping old flats to meet the high demand for low-cost housing in the federal capital. He said the demand for low-cost homes such as the People’s Housing Project (PPR) and Public Housing (PA) units was … Read more
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