News about LOA

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.

PROPERTY stocks have gone into a tailspin as the boom years have come to an abrupt halt.

Hua Yang Bhd (May 19, RM1.

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.

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.

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.

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.

KUALA LUMPUR (Dec 15): The government has not instituted a requirement for civil servants to only engage law firms with bumiputera partnerships in their application for government housing loans.

Property sector Maintain overweight with buy calls on Mah Sing Group Bhd, Malaysian Resources Corp Bhd, Eastern & Oriental Bhd and Titijaya Land Bhd: The Edge weekly reported that the federal government is considering a proposal by the Real Estate and Housing Developers’ Association Malaysia (Rehda) to relax lending guidelines to boost first-home ownership.

GEORGE TOWN (Oct 26): Penang, which was hoping for some good news for the housing sector, was disappointed when last week’s Budget 2016 made no mention of relaxing commercial bank loan requirements to make it easier for the people to purchase affordable homes.