Factors such as home affordability, job security and tight bank lending requirements remain the key concerns for Malaysians.
“The overhang situation will not be relieved if consumers cannot afford to buy a house."
MIPFM president Adzman Shah: However, there is no strong incentive to boost the property market especially for properties above RM500,000 and nothing really significant to boost property investment
KGV International Property Consultant (Johor) executive director Samuel Tan: These schemes are impactful only when fundamentals like location, quality and unit sizes match the buyers' needs and requirements. The RTO scheme is good but should not be limited to PRIMA. Other developers should be encouraged to participate in such schemes.
The association lauded the government’s proposal for a stamp duty exemption on loan agreements and Memorandum of Transfer (MOT) where ‘white knight’ contractors are reviving abandoned projects with the original house buyers of abandoned housing projects be extended for a further five years to December 2025.
IHG will be partnering with OSK Holdings Bhd to expand the Holiday Inn Express brand in Malaysia.
Datuk Voon Tin Yow was once a die-hard lieutenant of property magnate Tan Sri Liew Kee Sin. He does not speak to the media much but we managed to talk in detail to the current CEO of IOI Properties Group about a whole list of issues.
CEO Talks: Govt can consider offering financial help with the down payment for first-time homebuyers
IOI Properties CEO Datuk Voon Tin Yow: We noticed that many of these purchasers have the means to service the loan but they don’t have enough money for the down payment, that 10% to 20%