MBSB's 3Q net profit falls 8.8% on higher allowances for impairment losses on loans
KUALA LUMPUR (Nov 24): Malaysia Building Society Bhd’s (MBSB) net profit for the third quarter ended Sept 30, 2016 (3QFY16) fell 8.
MKH ties up with PR1MA to undertake RM464m mixed project in Kajang
KUALA LUMPUR (Nov 21): MKH Bhd is teaming up with PR1MA Corp Malaysia to jointly develop a piece of freehold land measuring 33,280 square metres (8.
Tackling the affordable housing dilemma
Budget 2017, tabled by Prime Minister Datuk Seri Najib Razak on Oct 21, has a heavy slant towards improving the well-being of the ordinary rakyat, with particular emphasis on the middle and lower-income groups (M40 and B40).
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Create a high-wage society to level up property purchasing power
PETALING JAYA (Nov 2): To increase the property purchasing power of Malaysians, industries have to work together to create a high-wage society, said a panellist during a panel discussion at Rehda (Real Estate and Housing Developers’ Association) Institute's Budget Commentary 2017.
PR1MA loan applicants’ Account 2 to be ring-fenced
KUALA LUMPUR (Nov 1): The Employees Provident Fund (EPF) said applicants of the “step-up” end-financing scheme for the 1Malaysia People’s Housing Programme (PR1MA) — which was announced in Budget 2017 — will not be able to make any other withdrawals from their EPF Account 2, at least not until their PR1MA loan is settled.
MIC Youth wants PR1MA housing draw date changed
KUALA LUMPUR (Oct 25): Malaysian Indian Congress (MIC) Youth has urged 1Malaysia People's Housing Projects (PR1MA) to shift the draw date for PR1MA houses at Hotel Grand Kampar, Perak that has been fixed on Deepavali, Oct 29, Bernama reported today.
New special ‘step-up’ end-financing scheme PR1MA
Property sector Maintain neutral: In the Budget 2017 announced last Friday, the government announced a new special “step-up” end-financing scheme for PR1MA (1Malaysia People’s Housing Programme).
Minimal impact from ‘step-up’ end-financing scheme on banks
KUALA LUMPUR (Oct 24): The “step-up” end-financing scheme for the 1Malaysia People’s Housing (PR1MA) programme announced by the government in Budget 2017 is expected to have only minimal impact on the four banks involved, said analysts.
Budget 2017 a let-down for property players
KUALA LUMPUR (Oct 24): Property developers who were anticipating measures to spur the sluggish property market from Budget 2017 last Friday came away disappointed, as there were no clear incentives for them.
