Cagamas: M40 shared equity home ownership scheme in the works
The National Mortgage Corporation of Malaysia (Cagamas Bhd) plans to introduce a shared equity home ownership scheme for the middle 40% (M40).
What are Sub-MCs and why we need them
In a strata development, the term common property (CP) is, shall we say, common? According to the Strata Management Handbook by the Real Estate and Housing Developers’ Association’s (REHDA) Institute, common property refers to the development area that is not included in any parcel or accessory parcel and is capable of being used or enjoyed by two or more strata unit owners.
Maybank plans disbursing RM50b in mortgages, RM35b in SME loans over three years
KUALA LUMPUR (April 11): Malayan Banking Bhd (Maybank) is aiming to disburse RM50 billion in mortgages and RM35 billion in loans to small and medium enterprises (SMEs) over the next three years.
No two-thirds majority for Bill to make Sabah, Sarawak equal partners
KUALA LUMPUR (April 10): The Federal Government has failed to get the nod from the Dewan Rakyat for the Constitution (Amendment) Bill 2019, which sought to restore the status of Sabah and Sarawak as equal partners with Peninsular Malaysia as enshrined in the Malaysia Agreement 1963 (MA63).
‘Forced to enter into one-sided deal’
KUALA LUMPUR (April 10): Ahead of the tabling of the White Paper on the Federal Land Development Authority (Felda) in the Dewan Rakyat today, the agency lodged a police report, claiming it was cheated into signing a one-sided deal in its purchase of PT Eagle High Plantations Tbk (EHP) from Indonesia’s Rajawali Group.
Felda was cheated in Eagle High purchase, says director general
KUALA LUMPUR (April 9): Federal Land Development Authority (Felda) director general Datuk Dr Othman Omar had yesterday evening lodged a police report at the police commercial crime unit here, claiming that it was cheated into entering into a "one-sided" deal for the sale and purchase of Eagle High Plantations TBK (EHP), owned by the Rajawali Group, two years ago.
Pavilion REIT to relook Bukit Jalil mall ownership
KUALA LUMPUR (April 8): Pavilion Real Estate Investment Trust (REIT) has opted not to participate in the ownership of the under-construction Pavilion Bukit Jalil mall to avoid unwanted risks, but believes the asset will be worth reconsidering upon its completion, said its manager.
New laws to compel low-cost house holders to sell back to govt
GEORGE TOWN (April 5): Penang is serious in putting a stop to the reselling of its low-cost (LC) and low medium-cost (LMC) houses in the open market, and is in the midst of drafting new laws to that effect.
Integrated property database key to address market concerns
KUALA LUMPUR (April 4): Malaysia will need an integrated property database that could serve as a launch pad for future policy direction and actions by both the government and private sector players.
