SC supportive of innovative ideas like property crowdfunding platforms

KUALA LUMPUR (Nov 5): The Securities Commission Malaysia (SC) (pictured) said today it is supportive of innovative ideas that tap into the transformative power of technology to democratise investments, allowing more financing options for Malaysians to buy their first homes and enhance their socio-economic well-being.

READ MORE

China Ouhua now expects land title transfer in six months

KUALA LUMPUR (Nov 5): China Ouhua Winery Holdings Ltd, which has made several announcements on when it expects to receive the transfer of land title ownership from a local authority in China after buying a 40-acre plot there, now says the transfer should be done in six months.

READ MORE

Multi-generational loan could be a burden – Rep

GEORGE TOWN (Nov 5): Extending the housing loan term to 90 years or more may help reduce the overhang of property stocks, but are the children ready to shoulder the burden? The concern was raised by Kebun Bunga assemblyman Jason Ong Khan Lee in response to a proposal by the state government to Bank Negara to introduce generational loans to mitigate the problems on securing financing for first-time homebuyers, reported The Star today.

READ MORE

Penang folk worried about foreign workers

GEORGE TOWN (Nov 5): State Housing Committee chairman Jagdeep Singh Deo (pictured) has been receiving increasingly more complaints from Penang residents about the problems they face from foreign workers living in their areas.

READ MORE