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.
Govt asks for RM15.5b more for development spending
KUALA LUMPUR (March 27): The Federal Government is seeking RM15.
Govt to introduce tightened rules on resale of affordable housing units, says Zuraida
KUALA LUMPUR (March 27): The government plans to introduce new rules on resale of affordable houses under the Affordable Housing Policy to control prices and ownership and to ensure the houses are utilised by only eligible applicants.
Over RM910,000 lost to conmen promising RMMJ houses
JOHOR BAHRU (March 27): More than 70 people have lost what could amount to over RM910,000 to scammers who promised to secure them Johor Affordable Homes (RMMJ).
Stay of Najib's SRC trial set aside
PUTRAJAYA (March 27): A seven-member Federal Court bench led by Chief Justice Tan Sri Richard Malanjum today set aside the stay order granted by the Court of Appeal last week, over its decision for the suspension of former premier Datuk Seri Najib Razak's (captioned) trial for seven counts of criminal breach of trust and abuse of power with regard to the SRC International Sdn Bhd case.
Isa Samad withdraws discovery application in FGV suit
KUALA LUMPUR (March 27): Former Felda chairperson Tan Sri Mohd Isa Abdul Samad today withdrew his discovery application to get all the documents from FGV Holdings Bhd in the suit brought by FGV against him and 13 others over damages in relation to the acquisition of Asian Plantations Ltd (APL) in 2014.
Shah Alam eatery listed on Asia’s 50 Best Restaurants
PETALING JAYA (March 27): It is already known that Malaysian street food is increasingly getting the notice of gourmands and foodies the world over.
Selamatkan Kuala Lumpur: Fresh hearing on Tiara Titiwangsa project unnecessary
KUALA LUMPUR (March 27): NGO Selamatkan Kuala Lumpur (SKL) has said there is no need for a fresh hearing for residents in Taman Tiara Titiwangsa regarding a high-density project on Yayasan Wilayah Persekutuan land.
