News about affordable housing

KUALA LUMPUR (Jan 4): Despite the soft and challenging property market, LBS Bina Group Bhd is optimistic of achieving a sales target of RM1.

PETALING JAYA (Dec 7): The property sector is expected to stir in 2018 as developers continue to cut prices — by 10% to 15% or more — and adjust to the reality that demand lies in mass-market affordable housing, said AmInvestment Bank in a report today.

Vivocom International Holdings Bhd (Dec 4, 13 sen) Maintain buy recommendation with an adjusted target price (TP) of 33 sen per share: Vivocom International Bhd’s nine-month financial year 2017 (9MFY17) earnings came below expectations.

KUALA LUMPUR (Nov 30): When measuring housing affordability, policymakers should take into account a person’s “lifetime” earning capability, instead of basing it on current income level, said Monash University senior lecturer Dr Jason Ng Wei Jian.

KUALA LUMPUR (Nov 28): Putrajaya's recent freeze on new developments of shopping malls, offices, serviced apartments and condominiums priced above RM1 million is intended to eliminate property players who are "not serious" from the industry as they will "kill the serious developers", said Finance Minister II Datuk Seri Johari Abdul Ghani.

KUALA LUMPUR (Nov 2): The proposed loosening of mortgage lending is insufficient to promote home ownership in the country as there is a mismatch between housing price and income levels, said the Malaysian Rating Corp Bhd (MARC).

JOHOR BARU (Oct 24): Hua Yang Bhd has unveiled Elemence, its newest township in Taman Denai Alam, Johor Bahru, the developer announced in a press statement.

KUALA LUMPUR (Aug 29): An expected rise in large infrastructure projects and affordable housing ahead of the general election is likely to further raise the government’s already-huge contingent liabilities, said RAM Rating Services Bhd.

KUALA LUMPUR (July 25): The government is looking to establish a single authority to regulate the housing industry especially for affordable housing in the country.

KUALA LUMPUR (JULY 18): Some RM40 billion housing loans were approved to more than 152,000 borrowers in the first five months of this year, and eligible homebuyers will continue to have access to financing, according to Bank Negara.