High household debt the elephant in the room
THERE is a big elephant in the room and it is Malaysia’s household debt — among the highest in Asia.
Properties priced from RM500,001 to RM700,000 faced the most loan rejections in 1H2016
PETALING JAYA (Sept 14): Properties priced from RM500,001 to RM700,000 faced the highest loan rejection rates, according to almost a quarter of 157 respondents to the Real Estate and Housing Developers’ Association (Rehda) property industry survey 1H2016.
SRS Consortium accepts LoA extension as PDP for Penang Transport Master Plan
KUALA LUMPUR (Aug 4): SRS Consortium Sdn Bhd, a 60:20:20 joint venture among Gamuda Bhd, Loh Phoy Yen Holdings Sdn Bhd and Ideal Property Development Sdn Bhd, has duly accepted an extension of a letter of award (LoA) by the Penang state government to Feb 28, 2017 for its appointment as the project delivery partner (PDP) for the implementation of the Penang Transport Master Plan (PTMP).
BNM: First-time home owners continue to have access to financing
KUALA LUMPUR (July 21): First-time home owners continue to have access to financing, said Bank Negara Malaysia (BNM), in response to calls for lending guidelines to be reviewed to ease home ownership for first-time homebuyers.
Low prices make property stocks prime M&A targets
PROPERTY stocks have gone into a tailspin as the boom years have come to an abrupt halt.
Hua Yang planning to launch up to RM721 mil worth of projects moving into FY17
Hua Yang Bhd (May 19, RM1.
Fomca backs Nube's interest-free housing loan plan
PETALING JAYA (April 20): The Federation of Malaysian Consumers Associations (Fomca) backs the National Union of Bank Employees' (NUBE) plan of interest-free housing loans for its members in the middle- and lower-income segments, Bernama reported today.
These properties are most vulnerable to loan rejection
PETALING JAYA (March 9): Properties priced from RM500,001 to RM700,000 are the most vulnerable to loan rejection, according to almost a third of 159 respondents to the Real Estate Housing Developers Association of Malaysia (Rehda) property industry survey 2H2015.
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.
Builders blame banks for gloom, but it’s now or never for home buyers
KUALA LUMPUR (Dec 21): Shahfizul and Halida, a couple in their late 20s, said they had to give up a lot to purchase their first property, a RM460,000 home in the Klang Valley, and can't make further sacrifices as they live out their 35-year term loan.
