IDEAS: Government intervention distorts affordable housing supply

KUALA LUMPUR (Feb 26): Government intervention on supply of affordable housing has resulted in unwanted consequence — unfair competition that deters active participation of the private developers in this segment, according to Institute for Democracy and Economic Affairs (IDEAS) senior fellow Dr Carmelo Ferlito.

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RHB ups interest rates after OPR hike

KUALA LUMPUR (Jan 30): RHB Banking Group announced today it is raising its base rate (BR) and base lending rate (BLR) by 25 basis points (bps), effective Feb 2, in line with the hike in the overnight policy rate (OPR) announced by Bank Negara Malaysia (BNM) last week.

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Developers’ margin woes to stay

KUALA LUMPUR (Dec 22): Property developers may need to brace for a sustained low-margin environment next year as they continue building new affordable homes that are expected to crimp their margins.

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