The Association of Banks in Malaysia (ABM) said its bank members will expand the usage of standardised key provisions for housing loan agreements to individuals regardless of the loan amount by April 1.
Noteworthy:
When: November 2022
All new affordable housing projects will undergo tests and analyses, including wind tunnel tests and sun-path analysis, to provide liveable and comfortable homes for the bottom 40% household income group (B40) and the middle 40% (M40), Local Government Development Minister Nga Kor Ming said.
Twenty sick private housing projects involving 1,784 units had been revived and obtained certificates of completion and compliance (CCCs) as of Feb 28, said Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir.
Household debt expanded at a faster pace of 5.5% in 2022, driven by housing loans, pointing to sustained demand for house purchases spurred by measures to encourage homeownership.
Bank Negara Malaysia (BNM) has introduced a standardised housing loan and home financing agreement for retail customers to help consumers understand and compare key terms and conditions in such documents more easily, said the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM).
Noteworthy:
When: September 2022
He said his ministry would take various measures to deal with any issues that crop up and hope that incidents of technical disruptions which occurred on the Kelana Jaya LRT line, which led to delays on Monday (March 27), would not recur.
Local Government Development Minister (KPKT) Nga Kor Ming last week paid a visit to SkyWorld Development Bhd’s Quality Centre and SkyAwani 3 Residences and has come away impressed.
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