The Association of Banks in Malaysia (ABM) urges first time home buyers to consider getting assistance for their property purchases at government schemes like Skim Rumah Pertamaku (SRP), reported The Star. In a statement, ABM revealed that 11 Islamic financial institutions and 11 commercial banks in Malaysia are participating in the SRP scheme, in which … Read more
The month-long Hari Raya celebration may be over but Worldwide Holdings Bhd has special rebates for its Puncak Bestari properties through its Riang Raya Bonanza promotion. The property developer organised a half-day Raya open house in Puncak Bestari Sales Gallery at Bandar Puncak Alam, Selangor recently to introduce its latest property projects. Both existing and … Read more
PORT DICKSON, August 7 — The cabinet last week approved the implementation of the ‘hire purchase’ system to help the needy to own a house, said Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar. He said the system would be implemented in People Housing Project (PPR) areas nationwide, including Sabah and Sarawak. For the … Read more
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
A key bilateral project for both Malaysia and Singapore, the historic Singapore-Kuala Lumpur High Speed Rail (HSR) was first conceived in 2013. It was called a “game changer” which will strengthen economic ties, boost connectivity and forge closer ties between people of the two countries. Work on the rail project will formally begin once the … 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
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