The authorities can help recover those unpaid maintenance fees
The most common problem faced by strata managements is owners who stubbornly refuse to pay up their maintenance fees.
MPSepang: Guidelines for housing foreign workers in shoplots
PETALING JAYA (March 28): The Sepang Municipal Council (MPSepang) has come up with guidelines for workers’ accommodation in shoplots, reported The Star today.
Ramsar wetlands to be protected from future development
KUALA LUMPUR (March 28): The government will no longer consider approval for Environment Impact Assessment (EIA) on all Ramsar sites to ensure the sustainability of these wetlands, the Dewan Rakyat was told today.
MPAJ targets to collect RM10.7m in assessment tax arrears
KUALA LUMPUR (March 28): Up to 10.
Why cost of living perception differs from actual inflation rate — BNM's take
KUALA LUMPUR (March 27): While headline inflation has remained relatively low in Malaysia, Bank Negara Malaysia said concerns about the rising cost of living have been increasing and will likely persist over the near term.
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.
