Developers must cut profits to lower property prices – report
PETALING JAYA (Sept 29): The only way developers can bring property prices down is by cutting their profit margins, said a property industry observer.
Bank Negara: Imbalances in property market continue to persist
KUALA LUMPUR (Sept 26): It looks like the local property market is still not out of the woods, just yet.
Consumer spending to wither from 4Q
KUALA LUMPUR (Sept 18): Consumer spending — which accelerated during the tax holiday period from June to September that saw a mad rush for automotive purchases — is expected to decline from the fourth quarter (4Q18) onwards following the implementation of the sales and service tax (SST) on Sept 1, say economists.
Long-term ties more important than current problems between two nations — Li Keqiang
BEIJING (Aug 20): Malaysia and China's friendly long-term diplomatic ties are "far more important than the current problems" between the two nations, said China's Premier Li Keqiang.
BNM: SST's impact on inflation should not be as significant as GST
KUALA LUMPUR (Aug 17): The reintroduction of the sales and services tax (SST) on Sept 1 is not expected to have a significant impact on inflation as seen by the introduction of the goods and services tax (GST) back in April 2015, Bank Negara Malaysia says.
BNM to roll out special housing loan next month — MoF
KUALA LUMPUR (August 14): Bank Negara Malaysia (BNM) is expected to roll out a special housing loan scheme tailored for the low-to-middle income group with regard to first-home ownership by next month, according to the ministry of finance (MoF).
States should offer land for affordable homes, says Zuraida
KUALA LUMPUR (July 31): State governments should offer their lands for the development of affordable houses, said Housing and Local Government Minister Zuraida Kamaruddin in parliament today.
‘Rentals can be a viable alternative to homeownership’
KUALA LUMPUR (July 25): Malaysia has to strengthen the legal framework of the local rental market to nurture renting as a viable alternative to homeownership, said Messrs Amir Toh Francis & Partners advocate and solicitor Ivan Chan.
KPKT identifies six agencies for establishment of affordable housing entity
KUALA LUMPUR (July 25): The Ministry of Housing and Local Government (KPKT) has identified six agencies that will be involved in the establishment of a single entity to oversee and coordinate affordable housing development in the country, said the ministry’s national housing department director-general Jayaselan Navaratnam.
Zuraida wants state governments to provide sites for affordable homes
KUALA LUMPUR (July 21): State governments have been urged to support the construction of affordable homes by providing the sites to build the properties, said Housing and Local Government Minister Zuraida Kamaruddin.
