The Edge Malaysia Property Excellence Awards recognise Malaysia’s best developers and outstanding projects throughout the country. For its 14th edition this year, The Edge Media Group welcomes first-time partners Jotun Paints Malaysia, USG Boral and Volvo Car Malaysia.

Confirming The Edge Financial Daily's report today, Minister Tan Sri Noh Omar gave a briefing during the cabinet meeting on the developer lending scheme.

The average margin of financing given currently ranges from 75% to 80%.

LBS Bina Group Bhd (LBS) is planning "aggressive" launches this year until next year with more affordable and landed houses in the pipeline, said managing director Tan Sri Lim Hock San.

“Again and again, end financing is the issue for homebuyers today.”

Real Estate Housing Developers’ Association president Datuk Seri Fateh Iskandar Mohamed Mansor noted that developers are adapting to the current market demand by homebuyers and have launched properties which are more sought after in this challenging market.

Despite being the one of the most expensive housing markets in Malaysia, the Penang government has been making efforts to push affordable housing development for the young working population.

Axiata, which has interests in 10 countries across Asia, will use part of the proceeds from the divestments to cut borrowings, said the news outfit, citing the same sources.

Including one for the KL118 project...