News about ban

KUALA LUMPUR (Nov 28): LBS Bina Group Bhd's third-quarter net profit rose 26.

PETALING JAYA (Nov 27): A protracted period of property supply overhang may cause a material decline in property prices as market valuation adjusts to reflect lower demand, said Moody’s Investors Service.

Many gripe that strict policy over loan approvals is hampering the property market from its current doldrums.

The property development arena has been in a state of flux in the last week, sparked by Putrajaya’s directive to freeze all new applications for shopping malls, offices, serviced apartments and condominiums priced at RM1 million and above.

PETALING JAYA (Nov 24): The Ministry of Urban Wellbeing, Housing and Local Government plan to redevelop old densely-populated housing areas which are seen as no longer suitable for current needs, said its minister Tan Sri Noh Omar.

KUALA LUMPUR (Nov 24): Malaysia Building Society Bhd’s (MBSB) net profit surged 73.

KUALA LUMPUR (Nov 23): The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) supports the government in imposing a freeze on the development of buildings, but it is of the view that it should not be a country-wide blanket freeze.

KUALA LUMPUR (Nov 23): To encourage more financial institutions to offer rent-to-own (RTO) as an alternative home financing solution, the government will grant a 100% stamp duty exemption on the sale and purchase agreements (SPA) to homebuyers who attain homeownership under these schemes.

Forking out the 10% to 15% down payment for a home and securing a home loan often pose quite a challenge to homebuyers.

KUALA LUMPUR (Nov 23): Putrajaya’s order to freeze approvals for shopping complexes, offices, serviced apartments and luxury condominiums priced above RM1 million applies to the entire nation, clarified Minister of Finance II Datuk Seri Johari Abdul Ghani.