BNM: Maximum 35-year mortgage more than enough
KUALA LUMPUR (March 4): Bank Negara Malaysia (BNM) said a maximum loan tenure of 35 years is “more than sufficient” for borrowers to settle their housing loan by their retirement age.
Cutting SRR a good move, says Mah Sing’s Leong
KUALA LUMPUR (Jan 28): Bank Negara Malaysia’s move to reduce the statutory reserve requirement (SRR) by 0.
Johor to see ‘good buys’ in 2H2016
KUALA LUMPUR (Jan 21): The Johor property market will see “good buys” in the second half of the year, as more auctioned properties become available in the market, according to KGV International Property Consultants (M) Sdn Bhd director Samuel Tan (pictured).
Housing NPLs expected to increase, says property consultant
KUALA LUMPUR (Jan 20): Housing non-performing loans (NPLs) are expected to increase this year, although it won’t be at the level seen during the financial crisis in the late-1990s, according to VPC Alliance (Malaysia) Sdn Bhd managing director James Wong (pictured).
Bank Negara urged to be lenient with low-cost housing loans
KUALA LUMPUR (Nov 27): Urban Wellbeing, Housing and Local Government Minister Datuk Seri Abdul Rahman Dahlan is in the midst of engaging Bank Negara Malaysia (BNM) to be more lenient with the loan approval requirements for low-cost houses built by the government.
Borrowing just to survive
KUALA LUMPUR (Nov 16): The Ministry of Finance said in the Economic Report 2015/16 that household debt rose to 88.
Glomac calls on Bank Negara to ease lending rules
KUALA LUMPUR: Bank Negara Malaysia should ease and provide more flexibility for end-financing of property purchases, especially for first-time buyers, said Glomac Bhd group managing director Datuk Seri Fateh Iskandar Mohamed Mansor (pictured).
Penang takes steps to overcome affordable housing loan hurdle for buyers
GEORGE TOWN (Oct 13): As Putrajaya pledges to continue to consider how it can promote affordable housing in the soon-to-be unveiled Budget 2016, the Penang government has announced new measures to stimulate the property market in the state today.
Tropicana Corp founder Danny Tan retires after 36 years
PETALING JAYA (June 19): Property tycoon Tan Sri Danny Tan, who founded Tropicana Corp Bhd in 1992, had retired as group executive vice chairman, the developer said in a press statement yesterday.
