Maybank Islamic's rent-to-own scheme features five developers

KUALA LUMPUR (Nov 23): Five established developers — S P Setia Bhd (SP Setia), Eco World Development Group Bhd (EcoWorld), Mah Sing Group Bhd, Gamuda Land and Sime Darby Property — are participating in Maybank Islamic Bhd's HouzKEY, the first bank-initiated rent-to-own (RTO) product in Malaysia.

READ MORE

Analysts expect strong 4Q for S P Setia after Battersea Power delivers in 9M17

KUALA LUMPUR (Nov 10): S P Setia Bhd is expected to see strong results for its fourth quarter for financial year ending Dec 31, 2017 (4QFY17) after its core earnings for the first nine months of the financial year ending Dec 31, 2017 (9MFY17) came in stronger on year-on-year basis, supported by substantial higher earnings from the Battersea Power Station project, according to both Hong Leong Investment Bank (HLIB) Research and CIMB Equity Research.

READ MORE

Property market seen on marginal recovery

Property sector Maintain positive stance on the property sector: In the Budget 2018 announcement last Friday, the government announced that the “step-up” end financing scheme will be extended to private property developers to encourage more affordable property projects.

READ MORE