What developers can do if MCO causes late delivery
The COVID-19 outbreak is likely to affect the timely delivery of vacant possession (VP) of parcels in property projects by some developers.
Offices and malls remain in oversupply, pressure on vacancy and rental rates
KUALA LUMPUR (Apr 3): Oversupply conditions in the office space and shopping complex (OSSC) segment in Malaysia have not improved.
MIPEAC calls for urgent property market stimulus
KUALA LUMPUR (April 3): The Malaysian Institute of Professional Estate Agents and Consultants (MIPEAC) has joined recent calls for the government to provide specific stimulus measures for the real estate industry in light of the prolonged slowdown and the impact of the Covid-19 outbreak and ongoing Movement Control Order (MCO) in the country.
Should you opt out of the loan deferment?
Bank Negara Malaysia (BNM), on March 24, 2020, announced an automatic six-month moratorium on all bank loans starting from April 1, to assist borrowers who are facing temporary financial difficulties due to the COVID-19 outbreak.
BNM Annual Report 2019: Household debt continues to expand, but credit risks largely contained
KUALA LUMPUR (April 3): Bank Negara Malaysia (BNM) said today household debt, as measured by the household debt-to-gross domestic product (GDP) ratio, expanded at a faster pace in the second half of 2019, primarily driven by loans for the purchase of residential properties.
Special panel to address economic fallout of MCO
KUALA LUMPUR: The government said it will establish a special cabinet committee to develop strategic measures to safeguard Malaysia’s economy and labour market impacted by Covid-19.
Continuation of large-scale infra projects to provide additional lift to economic growth: BNM
KUALA LUMPUR (April 3): Bank Negara Malaysia (BNM) said the continuation of large-scale infrastructure projects will provide additional lift to the economic growth amid the challenging economic conditions.
Health DG: We have solved the issue of PPE shortage
KUALA LUMPUR (April 3): The Ministry of Health (MoH) has managed to solve the issue of shortage of personal protective equipment (PPE) among healthcare workers who are in contact with Covid-19 patients, according to its director-general Datuk Dr Noor Hisham Abdullah.
BNM Annual Report 2019: Risk of loan repayment defaults remains low among M'sian households
KUALA LUMPUR (April 3): Although household debts expanded faster in the second half of 2019, the risk of Malaysian borrowers defaulting on their loan repayment remains low, according to Bank Negara Malaysia (BNM).
Trio carrying drugs, toy gun and IT clown mask arrested in Sarawak
KUCHING: Police here arrested three men carrying drugs, a mask depicting the face of Pennywise the clown, and a toy gun after a high-speed chase yesterday afternoon, Free Malaysia Today reported today.
