News about affordable

KUALA LUMPUR (Sept 19): Total unsold units continue to rise for residential properties priced above the maximum affordable house prices in individual states, according to Bank Negara Malaysia’s (BNM) Financial Stability Review for the first half of 2019 (1H19).

  GEORGE TOWN (Sept 5): Property buyers say that developers are making them pay between RM30,000 and RM90,000 extra in packaged deals for units under the low-cost housing scheme.

KUALA LUMPUR (Sept 4): Berjaya Land Bhd (BLand) says it has secured a public housing and mixed development project in Yangon, Myanmar, that carries an estimated gross development value of US$624 million project or approximately RM2.

KUALA LUMPUR (Sep 3): The Selangor state government has decided to withhold the necessary approvals for developers who do not meet its affordable housing quota, in a bid to rein in defiant ones who delay the construction of affordable units in their projects.

KUALA LUMPUR (Aug 28): Improved contribution from its property development segment boosted Sime Darby Property Bhd's earnings by more than four-fold to RM205.

KUALA LUMPUR (Aug 27): Gagasan Nadi Cergas Bhd expects its construction tender book to exceed RM1 billion from RM700 million as at January 2019, as the group has been successfully pre-qualified in more public sector tenders.

PUTRAJAYA (Aug 22): Bank Negara Malaysia’s easing of eligibility requirements for its RM1 billion Fund for Affordable Homes should lead to at least a 20% increase in home loan approvals for first-time homebuyers, said Finance Minister Lim Guan Eng.

KUALA LUMPUR (Aug 21): Bank Negara Malaysia (BNM) has expanded the eligibility criteria of its RM1 billion Fund for Affordable Homes, a fund that was set up earlier this year to help those from the lower income group to finance the purchase of their first homes.

In the late 1980s, Mr and Mrs Koh, who were then in their mid-30s and had two young children, decided to buy a terraced home with a nice lawn.

  SHAH ALAM (May 11): The market is never short of commercial and luxury properties and it needs more affordable housing to balance the oversupply situation, said Sime Darby Property Bhd chairman Tan Sri Dr Zeti Akhtar Aziz.