Sime Darby placement oversubscribed
KUALA LUMPUR (Oct 5): Sime Darby Bhd’s proposed placement, the biggest primary placement in Southeast Asia in almost three years, has received overwhelming demand of over RM6.
Kerjaya Prospek’s Tee brothers up stake in E&O to 11.2%
KUALA LUMPUR (Sept 30): Kerjaya Prospek Group Bhd executive chairman Datuk Tee Eng Ho and his brother Tee Eng Seng, who is the group’s executive director, have emerged as substantial shareholders in Eastern & Oriental Bhd (E&O).
Ahmad Mohd Don replaces Jeffrey Cheah as Sunway REIT chairman
KUALA LUMPUR (Sept 30): Sunway REIT Management Sdn Bhd non-independent non-executive chairman Tan Sri Dr Jeffrey Cheah Fook Ling (pictured) will relinquish his position effective today, as part of efforts to enhance board independence.
Sime Darby cuts E&O stake sale price to reflect property segment outlook
KUALA LUMPUR (Sept 28): Sime Darby Bhd is reducing the disposal price for its 10% stake in Eastern & Oriental Bhd (E&0) by 5.
35-year loan tenure more than enough, says Rehda president
KUALA LUMPUR (Sept 21): In response to requests for an extension in the tenure of housing loans to up to 40 years, the Real Estate and Housing Developers Association (Rehda) said the current 35-year limit is more than enough.
6% interest fair rate for developers to charge house buyers, says Noh
KUALA LUMPUR (Sept 20): A maximum loan interest of 6% is a fair rate for developers to charge house buyers, The Star reported Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar as saying yesterday.
UPDATE: Housing Ministry asked to formulate guidelines for developer lending scheme
KUALA LUMPUR (Sept 15): The urban wellbeing, housing and local government ministry has been tasked by the cabinet to formulate a set of guidelines for property developers wishing to use moneylending licences to provide bridging loans to buyers facing constraints in meeting the initial payment.
Rehda: No developer can give you 100% financing. We are not financial institutions.
PETALING JAYA (Sept 14): The proposal for property developers to have money-lending services to homebuyers is to bridge the remaining 10% to 15% end financing gap that financial institutions are not covering, said Real Estate and Housing Developers’ Association (Rehda) president Datuk Seri Fateh Iskandar Mohamed Mansor (pictured).
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.
Rehda: Launches and sales decreased significantly in 1H2016
PETALING JAYA (Sept 14): There has been a significant decrease in new project launches from 9,938 units in 2H2015 to 7,172 units in 1H2016 while sales have dipped from 52% in 2H2015 to 39% in 1H2016, said Real Estate and Housing Developers’ Association (Rehda) president Datuk Seri Fateh Iskandar Mohamed Mansor (pictured) in his presentation of the Rehda property industry survey 1H2016 to the media today.
