Growth in loan disbursement accelerates to five-year high of 7.3% in 2018
KUALA LUMPUR (March 27): Banks are lending.
BNM tells banks to use plain language in housing loan contracts
PETALING JAYA (March 27): Bank Negara Malaysia (BNM) (pictured) has given banking institutions until end- 2019 to revise “unfair” terms and conditions, and improve clarity by using plain language for both new and existing housing loan and financing contracts.
Malaysia’s household debt ratio down but still high, says BNM
PETALING JAYA (March 27): Malaysia’s total household debt to gross domestic product (GDP) ratio has eased further for the fourth consecutive year to 83% at end-2018 compared with 83.
Loan approval rates for property purchases trended lower in 2018
PETALING JAYA (March 27): Overall loan approval rates for property purchases have trended slightly lower at 71.
Large incoming supply raises credit risk of commercial properties
PETALING JAYA (March 27): Due to large incoming supply, risks are expected to remain elevated for the office space and shopping complex property segment in Malaysia.
Unsold housing units may rise further but sharp price drops unlikely
PETALING JAYA (March 27): Continuing soft market conditions and affordability issues in the country may see the level of unsold housing units rise further in the short term, however, sharp declines in house prices are unlikely, said Bank Negara Malaysia (BNM) in its Financial Stability and Payment Systems Report 2018.
Guan Eng confirms sale of M'sian consulate building in HK, says offer made during Najib's time
KUALA LUMPUR (March 26): The disposal of a tower building in Hong Kong that houses the Consulate-General of Malaysia's office was actually proposed during the previous administration, said Finance Minister Lim Guan Eng.
George Kent 4Q net profit falls 65% on lower segmental contribution
KUALA LUMPUR (March 26): George Kent (Malaysia) Bhd’s net profit for the fourth quarter of financial year 2019 (4QFY19) fell 64.
Real estate agents and negotiators encouraged to elevate buyers’ trust
PETALING JAYA (March 25): While a large segment of property buyers now rely on online platforms, a trusted real estate agent or real estate negotiator (REN) is often consulted prior to purchase.
Genting Malaysia sells UK casino for RM185m
KUALA LUMPUR (Mar 25): Genting Malaysia Bhd's indirect wholly-owned subsidiary Genting UK plc is disposing of its entire equity interest in Coastbright Ltd for some £34.
