PETALING JAYA, March 1— The Real Estate and Housing Development Association Malaysia (REHDA) is encouraging banks to be more flexible in providing loans to first-time house buyers. Fifty per cent of these buyers are not entitled for loans because they are unable to come up with the down payment, drew low salaries and had existing … Read more
KUALA LUMPUR, Feb 23 (Bernama) — A total of 1.24 million people have registered for ownership of affordable houses under the Perbadanan PR1MA Malaysia programme, said its chief executive officer Datuk Abdul Mutalib Alias. He said 90% of the applicants were below the age of 40, unmarried singles (47% ), married (49%) and divorcees (4%). … Read more
The total value of all developed properties around the globe has been revealed to be USD217 trillion, which is 2.7 times larger than the world’s GDP. Let that sink in for a moment. In a new analysis by consultancy and advisory firm Savills, which published the study for the first time, the world’s developed property … Read more
KUALA LUMPUR, Jan 28 — Prime Minister Datuk Seri Najib Tun Razak will announce the recalibrated Budget 2016 at noon Thursday which will be based on the reality of the current economic situation. The recalibrated Budget 2016, though necessary, will not in any way impact the people. In fact the government, in deciding on recalibration measures, … Read more
UPDATED: A residential site at New Upper Changi Road/Bedok South Avenue 3 (Parcel B) was launched for sale by public tender today, revealed the Urban Redevelopment Authority (URA). The 2.4ha site which could yield about 570 housing units was made available for sale on the reserve list of the second half 2015 Government Land Sales … Read more
Luxury property developer Simon Cheong recently sold a good class bungalow (GCB) that he built along King Albert Park within the Bukit Timah/Clementi Road vicinity, reported The Business Times. The property was sold for $25 million, which works out to $1,493 psf based on the freehold land area of 16,750 sq ft. Completed in late … Read more
GEORGE TOWN, Jan 19 — The DAP-led Penang government today announced the rebranding of low-cost and medium-cost houses to affordable housing types A and B. With the rebranding, low-cost houses costing RM42,000 each will now be known as affordable housing type A and medium-cost houses priced at RM72,500, as affordable housing type B. State Housing, … Read more
KUALA LUMPUR: Hospitality specialists Container Hotel Group and Everly Group have collaborated to manage the first international youth hotel in Cyberjaya. The 300-room hotel, located in a 10ha land in Roppongi, will be developed by BND Global Development. “The location is strategic as Roppongi will be the education hub in Malaysia as it will house … Read more
PETALING JAYA: Malaysians want to see a conclusion to the 1Malaysia Development Bhd (1MDB) investigations so that the country can deal with other economic issues, said Bank Negara governor Tan Sri Zeti Akhtar Aziz (pic). Zeti, who will be retiring in April, said various authorities were investigating different aspects of the strategic development company. “Everyone … Read more
SEREMBAN, Jan 18 — Felcra Bhd (Felcra) has identified 18 areas nationwide in preparation to build some 2,207 homes for second generation of Felcra settlers starting this year. Its chief executive officer Datuk Ramlee Abu Bakar said the housing projects were underway in Sri Makmor, Pahang and Seberang Perak. “In Negeri Sembilan 100 houses will … Read more
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