New special ‘step-up’ end-financing scheme PR1MA
Property sector Maintain neutral: In the Budget 2017 announced last Friday, the government announced a new special “step-up” end-financing scheme for PR1MA (1Malaysia People’s Housing Programme).
EPF reaffirms PR1MA new financing scheme is for first withdrawal
KUALA LUMPUR (Oct 21): The Employees Provident Fund (EPF) reaffirmed today that a facility will be introduced for members who meet Perumahan Rakyat 1Malaysia's (PR1MA) eligibility criteria.
‘EPF funds should only be used for retirement’
KUALA LUMPUR (Oct 20): Prominent financial adviser Yap Ming Hui (pictured) said he opposes the proposal to allow first-time homebuyers to withdraw more funds from their Employees Provident Fund (EPF) savings to finance their purchases as this would encourage bad personal finance management habits.
Construction of BBCC mall to start next year
KUALA LUMPUR (Oct 14): The construction work for the retail mall at Bukit Bintang City Centre in Kuala Lumpur will start in January 2017 and is expected to be completed by 2021.
EPF's Kwasa Damansara MRT park and ride facilities ready before year end
KUALA LUMPUR (Oct 11): The mass rapid transit (MRT) park and ride facilities for the Employees Provident Fund's (EPF) Kwasa Damansara township are expected to be completed before year end.
Higher EPF withdrawals do not solve affordability issues
MOST Malaysians want to own a home, and buying real estate has traditionally been a good inflation hedge.
AllianceDBS: No significant impact from potentially higher EPF withdrawal for homebuyers
KUALA LUMPUR (Oct 5): Potentially higher Employees Provident Fund (EPF) withdrawal for homebuyers will not see significant impact on the property sector given that there are already various financing schemes from the government to address the challenge of homebuyers in purchasing their first homes, according to AllianceDBS research.
Putrajaya in discussion with EPF for higher housing withdrawal plan
KUALA LUMPUR (Oct 4): The federal government is studying the possibility to allow first-time home buyers to withdraw more money from their Employees Provident Fund (EPF) account to finance their affordable house purchases.
Budget 2017: Sunway hopes for tax relief on housing loan interest
PETALING JAYA (Sept 30): Sunway Property has expressed hopes that the government can continue with policies that encourage property purchase and ownership in its Budget 2017 proposals.
CIMB says higher withdrawal cap of EPF savings 'most' promising for Malaysian home buys
KUALA LUMPUR (Sept 23): A higher withdrawal cap on the Employees Provident Fund (EPF) savings appears to be the most viable among proposals to help first-time homebuyers in Malaysia, according to CIMB Investment Bank Bhd.
